KeyCorp (NYSE:KEY) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its position in KeyCorp (NYSE:KEYGet Rating) by 13.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,443 shares of the financial services provider’s stock after selling 5,955 shares during the period. Avantax Advisory Services Inc.’s holdings in KeyCorp were worth $632,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KEY. Federated Hermes Inc. grew its stake in KeyCorp by 65.9% in the second quarter. Federated Hermes Inc. now owns 13,608,794 shares of the financial services provider’s stock worth $234,479,000 after purchasing an additional 5,406,238 shares in the last quarter. Prudential Financial Inc. lifted its holdings 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 acquiring an additional 2,223,588 shares during the last quarter. Prana Capital Management LP bought a new position in KeyCorp in the second quarter worth about $27,775,000. Vanguard Group Inc. lifted its holdings 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 acquiring an additional 1,278,193 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in KeyCorp by 57.6% in the second quarter. Envestnet Asset Management Inc. now owns 2,885,355 shares of the financial services provider’s stock worth $49,715,000 after acquiring an additional 1,054,207 shares during the last quarter. 82.11% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Price Performance

NYSE KEY opened at $17.44 on Monday. KeyCorp has a 12 month low of $15.26 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $16.27 billion, a PE ratio of 9.08 and a beta of 1.29. The company’s 50 day simple moving average is $17.85 and its 200 day simple moving average is $17.77.

KeyCorp (NYSE:KEYGet Rating) last posted its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). KeyCorp had a net margin of 22.46% and a return on equity of 15.27%. During the same quarter last year, the business posted $0.64 EPS. As a group, equities research analysts forecast that KeyCorp will post 2.14 EPS for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be given a $0.205 dividend. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.82 annualized dividend and a yield of 4.70%. KeyCorp’s dividend payout ratio (DPR) is 42.71%.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of recent research reports. DA Davidson initiated coverage on shares of KeyCorp in a report on Tuesday, December 20th. They issued a “buy” rating and a $20.00 target price on the stock. Royal Bank of Canada cut their target price on shares of KeyCorp from $29.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, October 21st. Morgan Stanley initiated coverage on shares of KeyCorp in a report on Monday, December 5th. They issued an “equal weight” rating and a $22.00 target price on the stock. Barclays raised KeyCorp from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $21.00 to $24.00 in a report on Tuesday, January 3rd. Finally, JPMorgan Chase & Co. cut KeyCorp from a “neutral” rating to an “underweight” rating and cut their price target for the company from $18.50 to $17.00 in a report on Tuesday, December 13th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, KeyCorp presently has a consensus rating of “Hold” and an average price target of $20.06.

KeyCorp 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.

Featured Articles

Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for KeyCorp (NYSE:KEYGet Rating).

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.