Mutual of America Capital Management LLC Has $4.39 Million Position in KeyCorp (NYSE:KEY)

Mutual of America Capital Management LLC grew its stake in shares of KeyCorp (NYSE:KEYGet Rating) by 8.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 254,515 shares of the financial services provider’s stock after buying an additional 20,751 shares during the period. Mutual of America Capital Management LLC’s holdings in KeyCorp were worth $4,385,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KEY. First Trust Advisors LP raised its position in shares of KeyCorp by 280.7% during the first quarter. First Trust Advisors LP now owns 11,790,583 shares of the financial services provider’s stock valued at $263,873,000 after buying an additional 8,693,488 shares during the last quarter. Prudential Financial Inc. raised its position in KeyCorp by 211.6% in the first quarter. Prudential Financial Inc. now owns 3,274,208 shares of the financial services provider’s stock worth $73,277,000 after purchasing an additional 2,223,588 shares in the last quarter. Qube Research & Technologies Ltd raised its position in KeyCorp by 12,242.1% in the first quarter. Qube Research & Technologies Ltd now owns 1,849,950 shares of the financial services provider’s stock worth $41,402,000 after purchasing an additional 1,834,961 shares in the last quarter. American Century Companies Inc. raised its position in KeyCorp by 183.0% in the first quarter. American Century Companies Inc. now owns 1,982,995 shares of the financial services provider’s stock worth $44,380,000 after purchasing an additional 1,282,279 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in KeyCorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock worth $2,488,691,000 after purchasing an additional 1,278,193 shares in the last quarter. Institutional investors and hedge funds own 83.58% of the company’s stock.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 5,200 shares of KeyCorp stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $17.59, for a total value of $91,468.00. Following the sale, the director now directly owns 64,139 shares in the company, valued at approximately $1,128,205.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

KEY has been the subject of several recent research reports. Royal Bank of Canada dropped their price target on shares of KeyCorp from $29.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of KeyCorp from $26.50 to $23.00 and set a “hold” rating for the company in a report on Monday, September 12th. StockNews.com initiated coverage on shares of KeyCorp in a report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet raised shares of KeyCorp from a “c+” rating to a “b” rating in a report on Thursday, November 10th. Finally, Piper Sandler dropped their price objective on shares of KeyCorp to $16.50 in a report on Thursday, September 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.64.

KeyCorp Trading Down 0.3 %

Shares of NYSE KEY opened at $18.61 on Friday. The company’s fifty day moving average is $17.40 and its 200-day moving average is $18.01. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 8.54, a P/E/G ratio of 0.48 and a beta of 1.29. KeyCorp has a twelve month low of $15.26 and a twelve month high of $27.17. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.69.

KeyCorp (NYSE:KEYGet Rating) last announced its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). KeyCorp had a return on equity of 15.81% and a net margin of 26.66%. During the same quarter in the prior year, the firm earned $0.65 EPS. Equities research analysts predict that KeyCorp will post 2.13 EPS for the current year.

KeyCorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 29th will be paid a $0.205 dividend. This is a positive change from KeyCorp’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Monday, November 28th. KeyCorp’s payout ratio is presently 35.78%.

KeyCorp Company Profile

(Get Rating)

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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