Flinton Capital Management LLC lessened its position in KeyCorp (NYSE:KEY) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,696 shares of the financial services provider’s stock after selling 17,312 shares during the period. Flinton Capital Management LLC’s holdings in KeyCorp were worth $1,446,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in KeyCorp by 2.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 3,575,887 shares of the financial services provider’s stock valued at $67,299,000 after purchasing an additional 71,018 shares during the period. New England Research & Management Inc. lifted its position in KeyCorp by 12.8% during the fourth quarter. New England Research & Management Inc. now owns 50,845 shares of the financial services provider’s stock valued at $1,026,000 after purchasing an additional 5,750 shares during the period. M&T Bank Corp lifted its position in KeyCorp by 5.6% during the fourth quarter. M&T Bank Corp now owns 86,925 shares of the financial services provider’s stock valued at $1,754,000 after purchasing an additional 4,576 shares during the period. Commerzbank Aktiengesellschaft FI bought a new position in KeyCorp during the third quarter valued at approximately $268,000. Finally, Toronto Dominion Bank lifted its position in KeyCorp by 11.1% during the third quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock valued at $8,071,000 after purchasing an additional 42,971 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) opened at $20.96 on Friday. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40. The company has a market cap of $22,178.96, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period in the prior year, the company earned $0.31 earnings per share. equities research analysts predict that KeyCorp will post 1.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.105 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.
A number of brokerages recently weighed in on KEY. Oppenheimer restated a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. Sandler O’Neill restated a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a research report on Friday, January 19th. ValuEngine downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and increased their price objective for the company from $23.00 to $24.00 in a research report on Thursday, January 25th. Finally, Vining Sparks restated a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.07.
In other news, insider Robert A. Deangelis sold 25,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total value of $527,750.00. Following the completion of the sale, the insider now directly owns 175,053 shares of the company’s stock, valued at $3,695,368.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig A. Buffie sold 11,819 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,857 shares of company stock valued at $1,953,548. Corporate insiders own 0.65% of the company’s stock.
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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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