KeyCorp (NYSE:KEY) Shares Bought by Allworth Financial LP

Allworth Financial LP raised its holdings in shares of KeyCorp (NYSE:KEY) by 246.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,168 shares of the financial services provider’s stock after acquiring an additional 1,543 shares during the period. Allworth Financial LP’s holdings in KeyCorp were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Whittier Trust Co. raised its holdings in shares of KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 800 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new stake in KeyCorp in the fourth quarter valued at $28,000. FSC Wealth Advisors LLC acquired a new stake in KeyCorp during the 1st quarter worth about $34,000. NBC Securities Inc. grew its position in KeyCorp by 123,900.0% during the 1st quarter. NBC Securities Inc. now owns 2,480 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 2,478 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in shares of KeyCorp by 44.1% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,504 shares of the financial services provider’s stock valued at $40,000 after buying an additional 766 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other KeyCorp news, Director Carlton L. Highsmith sold 5,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total value of $83,000.00. Following the completion of the sale, the director owned 37,177 shares in the company, valued at approximately $617,138.20. This represents a 11.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Ramani bought 10,000 shares of the stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the completion of the acquisition, the insider owned 10,000 shares in the company, valued at approximately $137,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.52% of the company’s stock.

KeyCorp Price Performance

Shares of KeyCorp stock opened at $18.52 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.83. The business has a 50 day simple moving average of $16.80 and a two-hundred day simple moving average of $16.41. The stock has a market capitalization of $20.30 billion, a P/E ratio of -108.94, a PEG ratio of 0.68 and a beta of 1.11. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. KeyCorp had a positive return on equity of 9.43% and a negative net margin of 0.12%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the prior year, the company earned $0.20 EPS. As a group, analysts predict that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, September 2nd. KeyCorp’s payout ratio is -482.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on KEY shares. Citigroup restated a “buy” rating on shares of KeyCorp in a research note on Thursday, April 17th. TD Cowen began coverage on KeyCorp in a research report on Thursday, May 15th. They issued a “hold” rating and a $18.00 price objective on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of KeyCorp in a research note on Thursday, April 17th. UBS Group upgraded shares of KeyCorp from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.00 to $22.00 in a research note on Tuesday, July 8th. Finally, Evercore ISI set a $17.00 price target on shares of KeyCorp in a report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.18.

About KeyCorp

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.