Axa grew its stake in shares of KeyCorp (NYSE:KEY) by 37.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,084 shares of the financial services provider’s stock after purchasing an additional 26,365 shares during the quarter. Axa’s holdings in KeyCorp were worth $1,959,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Zions Bancorporation boosted its stake in shares of KeyCorp by 2,277.5% during the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of KeyCorp during the third quarter valued at $132,000. Davis R M Inc. purchased a new stake in shares of KeyCorp during the fourth quarter valued at $217,000. Valeo Financial Advisors LLC boosted its stake in shares of KeyCorp by 136.9% during the fourth quarter. Valeo Financial Advisors LLC now owns 11,108 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 6,419 shares during the period. Finally, CIBC World Markets Inc. purchased a new stake in shares of KeyCorp during the fourth quarter valued at $224,000. 81.68% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on KEY shares. Morgan Stanley restated an “overweight” rating and issued a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded KeyCorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank upgraded KeyCorp from a “hold” rating to a “buy” rating and lifted their price objective for the company from $23.00 to $24.00 in a report on Thursday, January 25th. Finally, Oppenheimer restated a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. KeyCorp presently has an average rating of “Buy” and an average price target of $22.07.
KEY stock opened at $20.93 on Wednesday. The company has a market cap of $22,232.00, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.40.
KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.36. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.31 earnings per share. equities analysts predict that KeyCorp will post 1.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were issued 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 yield of 2.01%. KeyCorp’s dividend payout ratio is presently 37.50%.
In other KeyCorp news, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the transaction, the insider now directly owns 51,791 shares in the company, valued at $1,098,487.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher M. Gorman sold 56,038 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. Insiders sold 92,857 shares of company stock valued at $1,953,548 over the last quarter. 0.65% of the stock is currently owned by corporate insiders.
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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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