Investors Asset Management of Georgia Inc. GA ADV Buys 1,000 Shares of KeyCorp (NYSE:KEY)

Investors Asset Management of Georgia Inc. GA ADV grew its stake in KeyCorp (NYSE:KEYFree Report) by 5.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,279 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in KeyCorp were worth $191,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KEY. Tortoise Investment Management LLC increased its stake in shares of KeyCorp by 47.8% in the second quarter. Tortoise Investment Management LLC now owns 3,094 shares of the financial services provider’s stock valued at $29,000 after buying an additional 1,000 shares during the period. Concord Wealth Partners grew its stake in KeyCorp by 330.8% during the second quarter. Concord Wealth Partners now owns 3,136 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 2,408 shares during the period. Headlands Technologies LLC acquired a new stake in KeyCorp during the second quarter worth approximately $30,000. Deseret Mutual Benefit Administrators grew its stake in KeyCorp by 49.9% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,595 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 1,197 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in KeyCorp during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 77.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on KEY shares. Wells Fargo & Company increased their price target on KeyCorp from $12.00 to $16.00 and gave the stock an “overweight” rating in a report on Thursday, December 14th. Wedbush cut their price target on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, January 19th. DA Davidson cut their price target on KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, January 19th. Raymond James assumed coverage on KeyCorp in a report on Monday, January 8th. They issued a “market perform” rating on the stock. Finally, Keefe, Bruyette & Woods dropped their target price on KeyCorp from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.00.

Read Our Latest Research Report on KEY

Insiders Place Their Bets

In other news, CAO Douglas M. Schosser sold 14,383 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $13.37, for a total value of $192,300.71. Following the completion of the transaction, the chief accounting officer now directly owns 19,795 shares in the company, valued at approximately $264,659.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.54% of the company’s stock.

KeyCorp Stock Performance

Shares of NYSE:KEY traded up $0.24 during midday trading on Monday, reaching $14.13. 16,923,259 shares of the company traded hands, compared to its average volume of 19,503,848. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. KeyCorp has a 12 month low of $8.53 and a 12 month high of $19.65. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 15.96 and a beta of 1.29. The firm’s fifty day moving average price is $14.14 and its two-hundred day moving average price is $12.20.

KeyCorp (NYSE:KEYGet Free Report) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the company posted $0.38 EPS. On average, equities analysts expect that KeyCorp will post 1.22 earnings per share for the current year.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a $0.205 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.82 dividend on an annualized basis and a yield of 5.80%. KeyCorp’s dividend payout ratio is currently 92.13%.

KeyCorp Company Profile

(Free Report)

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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