Private Advisor Group LLC raised its holdings in shares of KeyCorp (NYSE:KEY) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,073 shares of the financial services provider’s stock after purchasing an additional 3,694 shares during the quarter. Private Advisor Group LLC’s holdings in KeyCorp were worth $936,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Fagan Associates Inc. boosted its holdings in KeyCorp by 4.1% during the 2nd quarter. Fagan Associates Inc. now owns 66,049 shares of the financial services provider’s stock worth $1,291,000 after acquiring an additional 2,627 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in KeyCorp by 1.9% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 157,288 shares of the financial services provider’s stock worth $3,128,000 after acquiring an additional 2,885 shares during the last quarter. Amalgamated Bank boosted its holdings in KeyCorp by 2.3% during the 2nd quarter. Amalgamated Bank now owns 136,207 shares of the financial services provider’s stock worth $2,661,000 after acquiring an additional 3,031 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in KeyCorp by 33.1% during the 2nd quarter. Baird Financial Group Inc. now owns 13,652 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 3,395 shares during the last quarter. Finally, Hedeker Wealth LLC boosted its holdings in shares of KeyCorp by 1.9% in the 3rd quarter. Hedeker Wealth LLC now owns 207,077 shares of the financial services provider’s stock worth $4,118,000 after buying an additional 3,927 shares during the last quarter. Institutional investors and hedge funds own 79.35% of the company’s stock.

In other news, Director Carlton L. Highsmith sold 6,963 shares of the company’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $18.37, for a total transaction of $127,910.31. Following the sale, the director now directly owns 68,088 shares in the company, valued at $1,250,776.56. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Beth E. Mooney purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were bought at an average price of $18.26 per share, for a total transaction of $182,600.00. The disclosure for this purchase can be found here. 0.67% of the stock is owned by corporate insiders.

A number of brokerages recently weighed in on KEY. Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 22nd. Mizuho boosted their price target on shares of KeyCorp from $25.00 to $25.50 and gave the stock an “overweight” rating in a report on Tuesday, July 24th. Wedbush set a $23.00 price target on shares of KeyCorp and gave the stock a “buy” rating in a report on Thursday, September 13th. ValuEngine downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Finally, Raymond James reissued a “buy” rating on shares of KeyCorp in a report on Thursday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company. KeyCorp currently has a consensus rating of “Buy” and a consensus price target of $23.17.

NYSE KEY opened at $18.29 on Monday. The stock has a market cap of $18.92 billion, a price-to-earnings ratio of 13.45, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. KeyCorp has a 52 week low of $16.48 and a 52 week high of $22.40. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.01.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 18th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. KeyCorp had a net margin of 21.47% and a return on equity of 12.56%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, analysts anticipate that KeyCorp will post 1.73 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.72%. The ex-dividend date is Monday, November 26th. KeyCorp’s dividend payout ratio (DPR) is presently 50.00%.

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KeyCorp Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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