Sei Investments Co. Acquires 706,764 Shares of KeyCorp (NYSE:KEY)

Sei Investments Co. boosted its holdings in KeyCorp (NYSE:KEYFree Report) by 31.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,960,110 shares of the financial services provider’s stock after buying an additional 706,764 shares during the period. Sei Investments Co. owned approximately 0.32% of KeyCorp worth $42,626,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Evercore ISI raised their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Argus lifted their price target on shares of KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Royal Bank of Canada lifted their target price on shares of KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of KeyCorp from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Read Our Latest Research Report on KEY

KeyCorp Stock Performance

Shares of NYSE:KEY opened at $13.67 on Tuesday. The business has a fifty day moving average of $14.71 and a 200-day moving average of $14.39. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. KeyCorp has a twelve month low of $9.10 and a twelve month high of $15.86. The firm has a market cap of $12.89 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28.

KeyCorp (NYSE:KEYGet Free Report) last posted its quarterly earnings data 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). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business posted $0.44 EPS. The company’s revenue was down 10.6% compared to the same quarter last year. On average, equities research analysts predict that KeyCorp will post 1.14 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 6.00%. The ex-dividend date is Friday, May 24th. KeyCorp’s dividend payout ratio is 103.80%.

KeyCorp 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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