KeyCorp (NYSE:KEY) saw strong trading volume on Friday . 76,777,514 shares were traded during trading, an increase of 350% from the previous session’s volume of 17,071,912 shares.The stock last traded at $11.70 and had previously closed at $11.65.

A number of equities analysts recently weighed in on the stock. FBR & Co reaffirmed a “hold” rating on shares of KeyCorp in a research report on Saturday, April 23rd. Vetr raised shares of KeyCorp from a “buy” rating to a “strong-buy” rating and set a $13.77 price objective for the company in a research report on Monday, June 13th. Barclays PLC reaffirmed a “sell” rating on shares of KeyCorp in a research report on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of KeyCorp in a research report on Saturday, July 9th. Finally, Nomura reaffirmed a “buy” rating on shares of KeyCorp in a research report on Saturday, July 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.49.

The company has a 50 day moving average price of $11.45 and a 200-day moving average price of $11.51. The company has a market cap of $9.86 billion and a PE ratio of 12.10.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. The company earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. On average, analysts forecast that KeyCorp will post $1.06 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be issued a $0.085 dividend. The ex-dividend date of this dividend is Wednesday, July 27th. This represents a $0.34 annualized dividend and a yield of 2.91%.

In related news, Director Elizabeth R. Gile purchased 13,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were purchased at an average cost of $11.87 per share, with a total value of $154,310.00. Following the completion of the acquisition, the director now directly owns 23,495 shares of the company’s stock, valued at approximately $278,885.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alexander M. Cutler purchased 15,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was bought at an average cost of $11.86 per share, for a total transaction of $177,900.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company’s stock, valued at $593,000. The disclosure for this purchase can be found here.

Several hedge funds have modified their holdings of KEY. Dimensional Fund Advisors LP boosted its stake in shares of KeyCorp by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,387,069 shares of the financial services provider’s stock worth $71,058,000 after buying an additional 97,018 shares during the period. BlackRock Advisors LLC boosted its stake in shares of KeyCorp by 12.5% in the fourth quarter. BlackRock Advisors LLC now owns 3,486,192 shares of the financial services provider’s stock worth $45,983,000 after buying an additional 388,049 shares during the period. Aberdeen Asset Management PLC UK boosted its stake in shares of KeyCorp by 1.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,827,350 shares of the financial services provider’s stock worth $24,121,000 after buying an additional 27,629 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its stake in shares of KeyCorp by 3.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 1,306,217 shares of the financial services provider’s stock worth $17,307,000 after buying an additional 49,552 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of KeyCorp by 74.2% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 1,196,125 shares of the financial services provider’s stock worth $15,777,000 after buying an additional 509,426 shares during the period.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.

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