KeyCorp (KEY) Shares Sold by Advisory Services Network LLC
Advisory Services Network LLC decreased its stake in KeyCorp (NYSE:KEY) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,672 shares of the financial services provider’s stock after selling 290 shares during the period. Advisory Services Network LLC’s holdings in KeyCorp were worth $162,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Regentatlantic Capital LLC bought a new stake in shares of KeyCorp during the second quarter valued at about $134,000. QUANTRES ASSET MANAGEMENT Ltd raised its position in shares of KeyCorp by 9.1% in the second quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 18,000 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,500 shares during the period. LGL Partners LLC acquired a new position in shares of KeyCorp during the first quarter valued at approximately $238,000. Fox Run Management L.L.C. raised its position in shares of KeyCorp by 14.5% in the second quarter. Fox Run Management L.L.C. now owns 28,500 shares of the financial services provider’s stock valued at $315,000 after buying an additional 3,600 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of KeyCorp during the first quarter valued at approximately $335,000. Hedge funds and other institutional investors own 66.25% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) traded up 0.95% on Monday, hitting $12.80. The company’s stock had a trading volume of 10,389,560 shares. The company has a 50 day moving average of $12.33 and a 200 day moving average of $11.93. The firm has a market cap of $13.85 billion, a PE ratio of 13.24 and a beta of 1.21. KeyCorp has a 1-year low of $9.88 and a 1-year high of $14.01.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. Equities analysts forecast that KeyCorp will post $1.06 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, July 29th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend was Wednesday, July 27th. KeyCorp’s dividend payout ratio (DPR) is 35.42%.
KEY has been the topic of several recent analyst reports. Credit Suisse Group AG reaffirmed a “buy” rating on shares of KeyCorp in a research note on Monday, July 11th. Nomura reaffirmed a “buy” rating on shares of KeyCorp in a research note on Saturday, July 9th. Citigroup Inc. reaffirmed a “buy” rating on shares of KeyCorp in a research note on Wednesday, June 29th. Jefferies Group reaffirmed a “buy” rating on shares of KeyCorp in a research note on Wednesday, June 29th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $15.00 price target on shares of KeyCorp in a research note on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.39.
KeyCorp Company Profile
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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