Bollard Group LLC lessened its position in shares of KeyCorp (NYSE:KEY) by 2.3% during the 1st quarter, Holdings Channel reports. The firm owned 124,730 shares of the financial services provider’s stock after selling 2,959 shares during the quarter. Bollard Group LLC’s holdings in KeyCorp were worth $1,964,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Alpha Omega Wealth Management LLC purchased a new stake in shares of KeyCorp in the first quarter worth about $25,000. Bremer Bank National Association purchased a new stake in shares of KeyCorp in the first quarter worth about $29,000. Bruderman Asset Management LLC purchased a new stake in shares of KeyCorp in the fourth quarter worth about $26,000. Global Retirement Partners LLC boosted its stake in shares of KeyCorp by 50.7% in the first quarter. Global Retirement Partners LLC now owns 1,989 shares of the financial services provider’s stock worth $31,000 after buying an additional 669 shares during the last quarter. Finally, Executive Wealth Management LLC purchased a new stake in shares of KeyCorp in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 80.42% of the company’s stock.

In other KeyCorp news, insider Angela G. Mago sold 4,162 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $17.33, for a total transaction of $72,127.46. Following the completion of the transaction, the insider now owns 128,464 shares of the company’s stock, valued at $2,226,281.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by corporate insiders.

KEY has been the topic of a number of recent research reports. Wedbush downgraded KeyCorp from an “outperform” rating to a “neutral” rating and set a $16.63 target price on the stock. in a research note on Monday, February 4th. They noted that the move was a valuation call. CIBC restated an “average” rating on shares of KeyCorp in a research note on Monday, February 4th. Zacks Investment Research upgraded KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Desjardins reaffirmed an “average” rating and issued a $34.00 price target on shares of KeyCorp in a report on Tuesday, February 5th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $36.00 price target on shares of KeyCorp in a report on Friday, February 22nd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.36.

NYSE KEY opened at $16.28 on Tuesday. The stock has a market capitalization of $16.10 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 1.13 and a beta of 1.23. KeyCorp has a twelve month low of $13.65 and a twelve month high of $21.91. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.60 billion. KeyCorp had a return on equity of 13.16% and a net margin of 24.18%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 EPS. As a group, equities research analysts expect that KeyCorp will post 1.8 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, May 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.18%. KeyCorp’s payout ratio is currently 39.31%.

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About KeyCorp

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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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