KeyCorp (NYSE:KEY) Stake Lessened by Advisory Services Network LLC

Advisory Services Network LLC trimmed its position in KeyCorp (NYSE:KEYFree Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,398 shares of the financial services provider’s stock after selling 2,185 shares during the period. Advisory Services Network LLC’s holdings in KeyCorp were worth $1,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC lifted its holdings in shares of KeyCorp by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider’s stock valued at $178,000 after buying an additional 732 shares during the period. UMB Bank n.a. boosted its position in shares of KeyCorp by 2.5% during the 4th quarter. UMB Bank n.a. now owns 34,090 shares of the financial services provider’s stock valued at $491,000 after purchasing an additional 841 shares in the last quarter. AHL Investment Management Inc. grew its stake in shares of KeyCorp by 1.8% in the 4th quarter. AHL Investment Management Inc. now owns 51,288 shares of the financial services provider’s stock worth $739,000 after purchasing an additional 900 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of KeyCorp by 15.8% in the 4th quarter. Global Retirement Partners LLC now owns 6,592 shares of the financial services provider’s stock worth $92,000 after purchasing an additional 901 shares in the last quarter. Finally, Register Financial Advisors LLC lifted its stake in KeyCorp by 13.0% during the fourth quarter. Register Financial Advisors LLC now owns 8,021 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 921 shares during the last quarter. 79.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

KEY has been the topic of several research reports. Keefe, Bruyette & Woods upped their price target on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Argus boosted their target price on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Royal Bank of Canada increased their price target on KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on KeyCorp from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Finally, Morgan Stanley raised their target price on shares of KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Check Out Our Latest Stock Analysis on KEY

KeyCorp Trading Down 1.9 %

NYSE KEY opened at $13.92 on Thursday. The company has a market capitalization of $13.12 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.68 and a beta of 1.28. KeyCorp has a 1-year low of $9.10 and a 1-year high of $15.86. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.72. The firm’s fifty day simple moving average is $14.94 and its 200-day simple moving average is $14.26.

KeyCorp (NYSE:KEYGet Free Report) last issued its earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. As a group, sell-side analysts anticipate that KeyCorp will post 1.14 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Friday, May 24th. KeyCorp’s dividend payout ratio (DPR) is presently 103.80%.

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; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, 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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