KeyCorp (KEY) Stake Decreased by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX cut its position in shares of KeyCorp (NYSE:KEY) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,993 shares of the financial services provider’s stock after selling 27,608 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in KeyCorp were worth $3,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. boosted its holdings in shares of KeyCorp by 78.0% during the 3rd quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock worth $1,055,000 after buying an additional 24,554 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of KeyCorp by 2.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,575,887 shares of the financial services provider’s stock worth $67,299,000 after buying an additional 71,018 shares during the period. Toronto Dominion Bank boosted its holdings in shares of KeyCorp by 11.1% during the 3rd quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock worth $8,071,000 after buying an additional 42,971 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of KeyCorp during the 3rd quarter worth about $268,000. Finally, Private Capital Management Inc. boosted its holdings in shares of KeyCorp by 29.7% during the 3rd quarter. Private Capital Management Inc. now owns 27,500 shares of the financial services provider’s stock worth $518,000 after buying an additional 6,300 shares during the period. Institutional investors own 80.91% of the company’s stock.

In other news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total transaction of $139,764.00. Following the sale, the director now directly owns 68,725 shares of the company’s stock, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is currently owned by insiders.

Shares of KeyCorp (NYSE KEY) opened at $21.42 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. The stock has a market cap of $22,787.72, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10. KeyCorp has a twelve month low of $16.28 and a twelve month high of $21.47.

KeyCorp (NYSE:KEY) last posted 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.30 EPS. equities research analysts expect that KeyCorp will post 1.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.96%. KeyCorp’s dividend payout ratio is currently 36.84%.

Several brokerages recently commented on KEY. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $22.00 target price on shares of KeyCorp in a report on Wednesday, September 27th. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Citigroup lifted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of KeyCorp in a report on Thursday, October 19th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.56.

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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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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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