Valeo Financial Advisors LLC trimmed its position in KeyCorp (NYSE:KEY) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,578 shares of the financial services provider’s stock after selling 765 shares during the period. Valeo Financial Advisors LLC’s holdings in KeyCorp were worth $153,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. Sky Investment Group LLC boosted its stake in shares of KeyCorp by 2.2% in the fourth quarter. Sky Investment Group LLC now owns 25,820 shares of the financial services provider’s stock valued at $523,000 after buying an additional 544 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of KeyCorp by 4.0% during the 3rd quarter. Raymond James Trust N.A. now owns 14,372 shares of the financial services provider’s stock worth $256,000 after purchasing an additional 555 shares during the period. Signaturefd LLC grew its stake in shares of KeyCorp by 9.0% during the 3rd quarter. Signaturefd LLC now owns 7,248 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 597 shares during the period. Quadrant Capital Group LLC grew its position in KeyCorp by 13.2% during the third quarter. Quadrant Capital Group LLC now owns 5,649 shares of the financial services provider’s stock worth $94,000 after buying an additional 657 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of KeyCorp by 8.3% during the 3rd quarter. Parallel Advisors LLC now owns 8,607 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 659 shares during the period. Hedge funds and other institutional investors own 80.23% of the company’s stock.
Shares of KEY opened at $19.29 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $19.00 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.79 and a beta of 1.32. The stock’s fifty day simple moving average is $19.89 and its 200 day simple moving average is $18.30. KeyCorp has a twelve month low of $14.82 and a twelve month high of $20.52.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.48. The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.65 billion. KeyCorp had a return on equity of 12.54% and a net margin of 22.06%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Sell-side analysts predict that KeyCorp will post 1.87 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be issued a $0.185 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.84%. KeyCorp’s dividend payout ratio (DPR) is 41.11%.
In other news, insider Amy G. Brady sold 15,756 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $19.27, for a total value of $303,618.12. Following the completion of the sale, the insider now owns 95,432 shares of the company’s stock, valued at $1,838,974.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Douglas M. Schosser sold 8,481 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $20.04, for a total transaction of $169,959.24. Following the completion of the transaction, the chief accounting officer now directly owns 33,391 shares in the company, valued at approximately $669,155.64. The disclosure for this sale can be found here. Insiders sold a total of 198,014 shares of company stock worth $3,688,452 over the last ninety days. Corporate insiders own 0.08% of the company’s stock.
A number of brokerages have commented on KEY. Barclays reiterated a “sell” rating and set a $23.00 target price on shares of KeyCorp in a report on Tuesday, January 7th. ValuEngine cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Wedbush raised KeyCorp from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $21.00 to $23.00 in a research note on Friday, December 20th. Morgan Stanley decreased their price objective on KeyCorp from $21.00 to $20.50 and set an “overweight” rating on the stock in a report on Thursday, October 3rd. Finally, UBS Group lifted their price objective on KeyCorp from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. KeyCorp has an average rating of “Hold” and an average target price of $24.34.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.
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