AMP Capital Investors Ltd raised its stake in KeyCorp (NYSE:KEY) by 7.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 579,540 shares of the financial services provider’s stock after buying an additional 39,946 shares during the period. AMP Capital Investors Ltd owned about 0.05% of KeyCorp worth $10,905,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KEY. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of KeyCorp in the 3rd quarter valued at about $145,000. Sun Life Financial INC boosted its position in shares of KeyCorp by 80,370.0% during the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 8,037 shares in the last quarter. AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $173,000. Quantbot Technologies LP bought a new stake in shares of KeyCorp during the 2nd quarter valued at about $174,000. Finally, Connable Office Inc. bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $195,000. Hedge funds and other institutional investors own 81.20% of the company’s stock.
Several brokerages recently commented on KEY. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 target price on shares of KeyCorp in a research report on Wednesday, September 27th. ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Citigroup upped their target price on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.09.
In other news, insider Andrew J. Paine III sold 46,854 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Elizabeth R. Gile acquired 1,374 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now owns 24,989 shares of the company’s stock, valued at $455,549.47. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 57,212 shares of company stock worth $1,060,508. 0.65% of the stock is owned by company insiders.
KeyCorp (NYSE KEY) traded up $0.15 during mid-day trading on Monday, reaching $19.89. The company had a trading volume of 10,344,100 shares, compared to its average volume of 10,990,668. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $19.93. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The firm has a market cap of $21,389.70, a P/E ratio of 15.07, a P/E/G ratio of 1.81 and a beta of 1.10.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $0.30 EPS. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. equities analysts predict that KeyCorp will post 1.37 EPS for the current year.
The company also recently declared 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. 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 yield of 2.11%. The ex-dividend date is Monday, November 27th. KeyCorp’s dividend payout ratio is 36.84%.
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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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