California Public Employees Retirement System increased its holdings in shares of KeyCorp (NYSE:KEY) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,131,438 shares of the financial services provider’s stock after acquiring an additional 139,217 shares during the period. California Public Employees Retirement System’s holdings in KeyCorp were worth $63,161,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Zions Bancorporation lifted its stake in shares of KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after buying an additional 5,466 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new position in shares of KeyCorp in the third quarter worth approximately $132,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of KeyCorp in the third quarter worth approximately $145,000. AllSquare Wealth Management LLC bought a new position in shares of KeyCorp in the third quarter worth approximately $173,000. Finally, Connable Office Inc. bought a new position in shares of KeyCorp in the third quarter worth approximately $195,000. 82.19% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Craig A. Buffie sold 11,819 shares of the stock in a transaction that occurred on 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 $1,098,487.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Elizabeth R. Gile bought 1,374 shares of KeyCorp stock in a transaction 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 acquisition, the director now owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The disclosure for this purchase can be found here. 0.65% of the stock is owned by corporate insiders.

KEY has been the topic of several analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a research note on Thursday, December 14th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and upped their target price for the stock from $23.00 to $24.00 in a research note on Thursday, January 25th. Finally, Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.07.

KeyCorp (NYSE KEY) opened at $20.59 on Tuesday. The firm has a market cap of $22,140.00, a P/E ratio of 18.38, a P/E/G ratio of 1.52 and a beta of 1.04. KeyCorp has a 52-week low of $16.28 and a 52-week 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.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company 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 in the prior year, the firm earned $0.31 earnings per share. equities analysts expect that KeyCorp will post 1.67 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 2.04%. KeyCorp’s dividend payout ratio (DPR) is 37.50%.

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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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