Private Advisor Group LLC decreased its holdings in KeyCorp (NYSE:KEY) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,296 shares of the financial services provider’s stock after selling 5,731 shares during the quarter. Private Advisor Group LLC’s holdings in KeyCorp were worth $860,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of KEY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in KeyCorp in the 3rd quarter worth about $145,000. Sun Life Financial INC raised its position in KeyCorp by 80,370.0% in the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after buying an additional 8,037 shares during the last quarter. AllSquare Wealth Management LLC purchased a new position in KeyCorp in the 3rd quarter worth about $173,000. Quantbot Technologies LP purchased a new position in KeyCorp in the 2nd quarter worth about $174,000. Finally, Connable Office Inc. purchased a new stake in shares of KeyCorp during the 3rd quarter valued at about $195,000. 81.20% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on KEY shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a research report on Wednesday, September 27th. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company. KeyCorp has a consensus rating of “Hold” and a consensus target price of $21.09.
KeyCorp (NYSE KEY) opened at $19.89 on Friday. The stock has a market capitalization of $21,228.39, a P/E ratio of 14.95, a P/E/G ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. KeyCorp has a 52 week low of $16.28 and a 52 week high of $19.93.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. research analysts predict that KeyCorp will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, November 27th. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.11%. KeyCorp’s payout ratio is 36.84%.
In related news, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the transaction, the director now owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is currently owned by corporate insiders.
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KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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