KeyCorp $KEY Stock Position Raised by Capital International Inc. CA

Capital International Inc. CA grew its position in shares of KeyCorp (NYSE:KEY) by 248.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,455 shares of the financial services provider’s stock after buying an additional 350,555 shares during the quarter. Capital International Inc. CA’s holdings in KeyCorp were worth $9,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Kingsview Wealth Management LLC raised its position in KeyCorp by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 21,255 shares of the financial services provider’s stock valued at $397,000 after acquiring an additional 568 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its stake in KeyCorp by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,912 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 627 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in KeyCorp by 0.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 154,818 shares of the financial services provider’s stock worth $2,894,000 after acquiring an additional 660 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in KeyCorp by 0.9% in the third quarter. Sequoia Financial Advisors LLC now owns 81,236 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 694 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of KeyCorp by 14.9% during the 3rd quarter. Parallel Advisors LLC now owns 6,379 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 827 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Trina M. Evans sold 32,695 shares of the stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total value of $710,789.30. Following the completion of the transaction, the director owned 58,719 shares in the company, valued at approximately $1,276,551.06. This represents a 35.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 65,961 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the transaction, the insider directly owned 166,583 shares of the company’s stock, valued at $3,869,723.09. The trade was a 28.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 161,506 shares of company stock valued at $3,597,481 over the last ninety days. 0.52% of the stock is owned by company insiders.

KeyCorp Stock Up 0.4%

KEY stock opened at $19.77 on Wednesday. KeyCorp has a twelve month low of $12.73 and a twelve month high of $23.34. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. The company has a market cap of $21.54 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08. The business’s 50-day simple moving average is $21.40 and its 200 day simple moving average is $19.67.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.39 by $0.02. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the firm posted $0.30 EPS. The company’s revenue for the quarter was up 131.8% on a year-over-year basis. On average, research analysts anticipate that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, March 3rd will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 3rd. KeyCorp’s dividend payout ratio (DPR) is 53.95%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KEY. JPMorgan Chase & Co. raised their price target on shares of KeyCorp from $22.00 to $24.50 and gave the company a “neutral” rating in a report on Monday, February 9th. Weiss Ratings upgraded shares of KeyCorp from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, February 25th. Truist Financial raised their target price on KeyCorp from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, January 26th. TD Cowen reaffirmed a “buy” rating on shares of KeyCorp in a research report on Wednesday, January 7th. Finally, Piper Sandler upped their price target on KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 9th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and a consensus price target of $23.03.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.