Public Employees Retirement Association of Colorado boosted its position in shares of KeyCorp (NYSE:KEY) by 3.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 206,434 shares of the financial services provider’s stock after acquiring an additional 6,179 shares during the period. Public Employees Retirement Association of Colorado’s holdings in KeyCorp were worth $4,164,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Boston Partners boosted its stake in KeyCorp by 37.6% during the fourth quarter. Boston Partners now owns 26,045,044 shares of the financial services provider’s stock valued at $525,329,000 after buying an additional 7,123,113 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in KeyCorp by 8.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after buying an additional 1,765,263 shares during the last quarter. Bessemer Group Inc. boosted its stake in KeyCorp by 17.3% during the fourth quarter. Bessemer Group Inc. now owns 14,150,163 shares of the financial services provider’s stock valued at $285,409,000 after buying an additional 2,084,290 shares during the last quarter. APG Asset Management N.V. boosted its stake in KeyCorp by 45.9% during the fourth quarter. APG Asset Management N.V. now owns 7,944,416 shares of the financial services provider’s stock valued at $133,443,000 after buying an additional 2,497,702 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in KeyCorp by 36.1% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,486,279 shares of the financial services provider’s stock valued at $140,892,000 after buying an additional 1,985,847 shares during the last quarter. 82.04% of the stock is owned by institutional investors.

A number of brokerages recently commented on KEY. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research note on Thursday, October 19th. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Barclays raised their price objective on KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a research note on Thursday, December 14th. Finally, DA Davidson raised their price objective on KeyCorp to $26.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.07.

In related news, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth R. Gile purchased 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by company insiders.

Shares of KeyCorp (NYSE KEY) opened at $20.39 on Friday. KeyCorp has a one year low of $16.28 and a one year high of $22.22. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $21,798.62, a P/E ratio of 18.21, a P/E/G ratio of 1.52 and a beta of 1.04.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $0.31 EPS. analysts anticipate that KeyCorp will post 1.67 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio is currently 37.50%.

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About KeyCorp

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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