First National Bank of Omaha decreased its position in KeyCorp (NYSE:KEY) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 274,514 shares of the financial services provider’s stock after selling 7,303 shares during the period. First National Bank of Omaha’s holdings in KeyCorp were worth $5,537,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC boosted its stake in KeyCorp by 0.8% in the 2nd quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock worth $341,000 after purchasing an additional 150 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of KeyCorp by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after buying an additional 216 shares during the period. Sterling Capital Management LLC boosted its stake in shares of KeyCorp by 1.0% during the 2nd quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 757 shares during the period. Bank of Nova Scotia boosted its stake in shares of KeyCorp by 0.6% during the 2nd quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock valued at $4,633,000 after buying an additional 1,539 shares during the period. Finally, Afam Capital Inc. boosted its stake in shares of KeyCorp by 1.6% during the 2nd quarter. Afam Capital Inc. now owns 130,326 shares of the financial services provider’s stock valued at $2,442,000 after buying an additional 2,104 shares during the period. 82.04% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total transaction of $250,680.99. Following the transaction, the insider now owns 51,791 shares in the company, valued at approximately $1,098,487.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Elizabeth R. Gile acquired 1,374 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the acquisition, the director now owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Insiders own 0.65% of the company’s stock.

KeyCorp (NYSE:KEY) opened at $21.13 on Thursday. The company has a market cap of $22,720.00, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.57 and a beta of 1.04. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.22. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter last year, the firm posted $0.31 EPS. analysts expect that KeyCorp will post 1.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. The ex-dividend date is Monday, February 26th. This represents a $0.42 annualized dividend and a dividend yield of 1.99%. KeyCorp’s payout ratio is 37.50%.

A number of equities research analysts have issued reports on the stock. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. Oppenheimer reissued a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. DA Davidson lifted their target price on shares of KeyCorp to $26.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Sandler O’Neill reissued a “hold” rating and set a $21.50 target price on shares of KeyCorp in a research note on Friday, January 19th. Finally, Vining Sparks reissued a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research note on Thursday, January 18th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $22.07.

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KeyCorp Profile

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

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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