CI Investments Inc. raised its position in KeyCorp (NYSE:KEY) by 114.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,151,870 shares of the financial services provider’s stock after buying an additional 614,800 shares during the quarter. CI Investments Inc. owned about 0.11% of KeyCorp worth $23,233,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in shares of KeyCorp by 78.0% in 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 in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of KeyCorp by 2.0% in 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 in the last quarter. New England Research & Management Inc. lifted its holdings in KeyCorp by 12.8% in the 4th 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 in the last quarter. Toronto Dominion Bank lifted its holdings in KeyCorp by 11.1% in the 3rd 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 in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new position in KeyCorp in the 3rd quarter valued at about $268,000. 82.19% of the stock is currently owned by institutional investors.
A number of research analysts have issued reports on the stock. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and upped their target price for the company from $23.00 to $24.00 in a report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. Vining Sparks reissued a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research report on Thursday, January 18th. Sandler O’Neill reissued a “hold” rating and set a $21.50 target price on shares of KeyCorp in a research report on Friday, January 19th. Finally, DA Davidson increased their target price on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $22.07.
In other news, Director Elizabeth R. Gile bought 1,374 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the acquisition, the director now directly owns 24,989 shares in the company, valued at $455,549.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of KeyCorp stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $21.21, for a total value of $250,680.99. Following the transaction, the insider now directly owns 51,791 shares in the company, valued at $1,098,487.11. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by company insiders.
Shares of KeyCorp (NYSE KEY) traded down $0.02 on Monday, reaching $20.37. The company had a trading volume of 3,459,495 shares, compared to its average volume of 10,549,205. KeyCorp has a 52-week low of $16.28 and a 52-week high of $22.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market capitalization of $22,050.00, a PE ratio of 18.19, a PEG ratio of 1.52 and a beta of 1.04.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $0.31 earnings per share. sell-side analysts predict that KeyCorp will post 1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is 37.50%.
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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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