Koch Industries Inc. Has $1.46 Million Holdings in KeyCorp (KEY)
Koch Industries Inc. raised its holdings in shares of KeyCorp (NYSE:KEY) by 210.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 72,213 shares of the financial services provider’s stock after acquiring an additional 48,943 shares during the period. Koch Industries Inc.’s holdings in KeyCorp were worth $1,457,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of KEY. Raymond James Financial Services Advisors Inc. boosted its position in KeyCorp by 15.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 121,499 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 15,862 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in KeyCorp during the third quarter valued at about $1,728,000. Victory Capital Management Inc. boosted its position in KeyCorp by 8.8% during the third quarter. Victory Capital Management Inc. now owns 3,213,526 shares of the financial services provider’s stock valued at $60,479,000 after buying an additional 259,502 shares during the period. Andra AP fonden boosted its position in KeyCorp by 16.6% during the third quarter. Andra AP fonden now owns 193,500 shares of the financial services provider’s stock valued at $3,642,000 after buying an additional 27,500 shares during the period. Finally, Verity & Verity LLC boosted its position in KeyCorp by 7.6% during the third quarter. Verity & Verity LLC now owns 100,967 shares of the financial services provider’s stock valued at $1,900,000 after buying an additional 7,112 shares during the period. Institutional investors and hedge funds own 81.19% of the company’s stock.
In related news, insider Christopher M. Gorman sold 56,038 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert A. Deangelis sold 25,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $21.11, for a total transaction of $527,750.00. Following the completion of the transaction, the insider now directly owns 175,053 shares of the company’s stock, valued at $3,695,368.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,857 shares of company stock valued at $1,953,548. 0.65% of the stock is owned by insiders.
KeyCorp (KEY) opened at $21.34 on Monday. KeyCorp has a one year low of $16.28 and a one year high of $22.22. The stock has a market cap of $22,635.06, a PE ratio of 19.05, a P/E/G ratio of 1.35 and a beta of 1.01. 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 released 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 net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. analysts anticipate that KeyCorp will post 1.67 EPS for the current year.
The business 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 $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s payout ratio is currently 37.50%.
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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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