Blair William & Co. IL raised its stake in KeyCorp (NYSE:KEY) by 16.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,141 shares of the financial services provider’s stock after purchasing an additional 6,694 shares during the period. Blair William & Co. IL’s holdings in KeyCorp were worth $562,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of KEY. Mark Sheptoff Financial Planning LLC lifted its stake in shares of KeyCorp by 110.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 2,100 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,100 shares during the last quarter. Prospera Financial Services Inc bought a new position in KeyCorp in the 3rd quarter valued at about $26,000. Cerebellum GP LLC acquired a new stake in KeyCorp during the second quarter worth approximately $45,000. Kore Private Wealth LLC boosted its holdings in shares of KeyCorp by 522.9% during the second quarter. Kore Private Wealth LLC now owns 2,504 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 2,102 shares during the period. Finally, Price Wealth LLC grew its position in shares of KeyCorp by 305.7% in the third quarter. Price Wealth LLC now owns 2,507 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 1,889 shares during the last quarter. 79.72% of the stock is currently owned by institutional investors.
A number of research analysts have commented on the company. Citigroup assumed coverage on KeyCorp in a report on Monday, October 12th. They issued a “neutral” rating on the stock. Royal Bank of Canada upped their price target on shares of KeyCorp from $14.00 to $17.00 and gave the company an “outperform” rating in a research note on Thursday, November 12th. TheStreet upgraded shares of KeyCorp from a “c+” rating to a “b” rating in a research note on Tuesday, November 3rd. Wolfe Research assumed coverage on shares of KeyCorp in a research report on Friday, July 31st. They set an “underperform” rating on the stock. Finally, Morgan Stanley cut their price target on KeyCorp from $15.25 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 3rd. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $18.28.
Shares of KEY stock opened at $15.33 on Friday. The business has a fifty day simple moving average of $13.41 and a 200 day simple moving average of $12.46. The company has a market cap of $14.97 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.95 and a beta of 1.53. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.80. KeyCorp has a twelve month low of $7.45 and a twelve month high of $20.52.
KeyCorp (NYSE:KEY) last posted its earnings results on Wednesday, October 21st. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.68 billion. KeyCorp had a net margin of 16.38% and a return on equity of 7.87%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. As a group, equities research analysts anticipate that KeyCorp will post 1.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be given a $0.185 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.74 dividend on an annualized basis and a yield of 4.83%. KeyCorp’s dividend payout ratio is currently 41.11%.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; 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.
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