Becker Capital Management Inc. grew its position in shares of KeyCorp (NYSE:KEY) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,363,285 shares of the financial services provider’s stock after buying an additional 25,313 shares during the quarter. Becker Capital Management Inc. owned 0.14% of KeyCorp worth $21,472,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. Commonwealth Bank of Australia raised its holdings in KeyCorp by 10.5% in the fourth quarter. Commonwealth Bank of Australia now owns 140,575 shares of the financial services provider’s stock valued at $2,070,000 after buying an additional 13,385 shares during the period. Bank of Montreal Can increased its stake in shares of KeyCorp by 52.4% in the fourth quarter. Bank of Montreal Can now owns 5,491,759 shares of the financial services provider’s stock worth $81,168,000 after buying an additional 1,888,517 shares during the last quarter. Bell Rock Capital LLC increased its stake in shares of KeyCorp by 1.1% in the first quarter. Bell Rock Capital LLC now owns 181,703 shares of the financial services provider’s stock worth $2,863,000 after buying an additional 1,908 shares during the last quarter. TrimTabs Asset Management LLC bought a new stake in shares of KeyCorp in the first quarter worth $1,163,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of KeyCorp by 4.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,976 shares of the financial services provider’s stock worth $929,000 after buying an additional 2,538 shares during the last quarter. Institutional investors own 80.51% of the company’s stock.
A number of brokerages recently issued reports on KEY. JPMorgan Chase & Co. lowered shares of KeyCorp from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Thursday, April 4th. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, February 18th. ValuEngine raised shares of KeyCorp from a “strong sell” rating to a “sell” rating in a report on Thursday, April 18th. Wood & Company reaffirmed an “average” rating and issued a $38.00 price objective on shares of KeyCorp in a report on Thursday, May 16th. Finally, GMP Securities reaffirmed an “average” rating and issued a $34.50 price objective on shares of KeyCorp in a report on Friday, May 17th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. KeyCorp presently has an average rating of “Hold” and an average target price of $23.36.
In other KeyCorp news, insider Amy G. Brady sold 13,238 shares of KeyCorp stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $17.00, for a total transaction of $225,046.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.08% of the company’s stock.
NYSE KEY traded up $0.08 on Friday, hitting $17.15. 6,711,359 shares of the company were exchanged, compared to its average volume of 11,888,365. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 0.98. The company has a market cap of $17.29 billion, a PE ratio of 9.91, a PEG ratio of 1.20 and a beta of 1.23. KeyCorp has a twelve month low of $13.65 and a twelve month high of $21.91.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.02). KeyCorp had a return on equity of 13.16% and a net margin of 24.18%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm posted $0.38 EPS. KeyCorp’s quarterly revenue was down 2.1% on a year-over-year basis. Research analysts forecast that KeyCorp will post 1.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.17 per share. The ex-dividend date is Friday, May 24th. This represents a $0.68 annualized dividend and a yield of 3.97%. KeyCorp’s dividend payout ratio (DPR) is presently 39.31%.
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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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