KeyCorp (NYSE:KEY) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC boosted its position in KeyCorp (NYSE:KEY) by 68.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,107 shares of the financial services provider’s stock after purchasing an additional 12,626 shares during the period. HB Wealth Management LLC’s holdings in KeyCorp were worth $448,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KEY. Vanguard Group Inc. lifted its holdings in shares of KeyCorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock valued at $2,488,691,000 after buying an additional 1,278,193 shares during the period. BlackRock Inc. lifted its holdings in KeyCorp by 4.7% in the 2nd quarter. BlackRock Inc. now owns 93,937,195 shares of the financial services provider’s stock valued at $867,980,000 after acquiring an additional 4,177,314 shares during the last quarter. State Street Corp boosted its position in shares of KeyCorp by 2.6% during the 2nd quarter. State Street Corp now owns 47,193,025 shares of the financial services provider’s stock valued at $436,064,000 after purchasing an additional 1,194,413 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of KeyCorp by 3.2% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 32,342,547 shares of the financial services provider’s stock worth $348,006,000 after purchasing an additional 993,215 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of KeyCorp by 14.4% in the 3rd quarter. FMR LLC now owns 31,781,539 shares of the financial services provider’s stock worth $341,969,000 after purchasing an additional 3,992,226 shares in the last quarter. 79.69% of the stock is owned by institutional investors.

Insider Activity at KeyCorp

In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now directly owns 81,622 shares of the company’s stock, valued at $1,161,481.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now owns 81,622 shares of the company’s stock, valued at $1,161,481.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela G. Mago sold 3,405 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now owns 214,630 shares in the company, valued at approximately $3,056,331.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,442 shares of company stock valued at $303,914. Insiders own 0.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Royal Bank of Canada upped their price target on KeyCorp from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, January 19th. Keefe, Bruyette & Woods cut their target price on KeyCorp from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Jefferies Financial Group upgraded KeyCorp from a “hold” rating to a “buy” rating and increased their price target for the company from $10.00 to $17.00 in a research report on Tuesday, January 9th. Barclays cut their price objective on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, January 19th. Finally, Wedbush decreased their target price on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.69.

KeyCorp Stock Performance

Shares of NYSE KEY opened at $15.65 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86. KeyCorp has a one year low of $8.53 and a one year high of $15.65. The business’s 50-day moving average price is $14.40 and its two-hundred day moving average price is $12.90. The company has a market capitalization of $14.51 billion, a P/E ratio of 17.58 and a beta of 1.27.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company earned $0.38 EPS. Analysts anticipate that KeyCorp will post 1.18 earnings per share for the current fiscal year.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.205 per share. The ex-dividend date was Monday, February 26th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.24%. KeyCorp’s dividend payout ratio is currently 92.13%.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.