Rhumbline Advisers increased its holdings in KeyCorp (NYSE:KEY) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,077,691 shares of the financial services provider’s stock after acquiring an additional 65,190 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of KeyCorp worth $39,102,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Boston Partners acquired a new position in shares of KeyCorp during the 3rd quarter worth $356,111,000. Janus Henderson Group PLC lifted its holdings in KeyCorp by 6,189.4% in the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock valued at $170,679,000 after purchasing an additional 8,962,913 shares in the last quarter. Vanguard Group Inc. lifted its holdings in KeyCorp by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after purchasing an additional 4,230,390 shares in the last quarter. Samlyn Capital LLC purchased a new position in KeyCorp in the 2nd quarter valued at about $57,111,000. Finally, Victory Capital Management Inc. lifted its holdings in KeyCorp by 561.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,954,024 shares of the financial services provider’s stock valued at $55,358,000 after purchasing an additional 2,507,628 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.
KeyCorp (KEY) opened at $18.13 on Friday. The company has a market cap of $19,507.75, a PE ratio of 13.74, a P/E/G ratio of 1.65 and a beta of 1.10. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $19.53. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $1.55 billion for 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 firm’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.30 EPS. equities analysts predict that KeyCorp will post 1.38 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be given a $0.105 dividend. This represents a $0.42 annualized dividend and a yield of 2.32%. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 27th. KeyCorp’s payout ratio is 33.33%.
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A number of research analysts recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of KeyCorp in a report on Saturday, July 22nd. Sanford C. Bernstein upgraded KeyCorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $21.00 to $22.00 in a research report on Thursday, September 14th. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Royal Bank Of Canada restated a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research report on Friday, July 28th. Finally, Robert W. Baird restated a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a research report on Friday, October 6th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.82.
In related news, General Counsel Paul N. Harris sold 2,758 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is owned by corporate insiders.
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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