KeyCorp $KEY Shares Acquired by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in KeyCorp (NYSE:KEY) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,013,977 shares of the financial services provider’s stock after acquiring an additional 53,682 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.18% of KeyCorp worth $37,641,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of KEY. United Community Bank purchased a new position in shares of KeyCorp during the 3rd quarter valued at approximately $27,000. Sachetta LLC increased its stake in KeyCorp by 1,246.1% during the 3rd quarter. Sachetta LLC now owns 1,723 shares of the financial services provider’s stock worth $32,000 after buying an additional 1,595 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of KeyCorp during the third quarter valued at approximately $37,000. Elevation Point Wealth Partners LLC purchased a new position in shares of KeyCorp in the second quarter valued at approximately $36,000. Finally, Capital A Wealth Management LLC lifted its position in shares of KeyCorp by 252.8% in the second quarter. Capital A Wealth Management LLC now owns 2,237 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,603 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Price Performance

KeyCorp stock opened at $21.76 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The company has a 50-day moving average price of $21.44 and a 200 day moving average price of $19.40. KeyCorp has a 12-month low of $12.73 and a 12-month high of $23.34. The stock has a market cap of $23.78 billion, a P/E ratio of 14.32, a PEG ratio of 0.66 and a beta of 1.10.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KeyCorp had a net margin of 15.97% and a return on equity of 10.28%. The business’s revenue for the quarter was up 131.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 EPS. Sell-side analysts anticipate that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, March 3rd. KeyCorp’s dividend payout ratio is 53.95%.

Insiders Place Their Bets

In other KeyCorp news, insider Angela G. Mago sold 62,850 shares of KeyCorp stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $21.55, for a total transaction of $1,354,417.50. Following the completion of the sale, the insider directly owned 261,415 shares in the company, valued at $5,633,493.25. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trina M. Evans sold 32,695 shares of KeyCorp stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total transaction of $710,789.30. Following the completion of the sale, the director owned 58,719 shares of the company’s stock, valued at $1,276,551.06. This trade represents a 35.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 161,506 shares of company stock valued at $3,597,481 over the last 90 days. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on KEY shares. Citigroup reissued a “neutral” rating on shares of KeyCorp in a research note on Wednesday, December 31st. Barclays increased their target price on shares of KeyCorp from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Wells Fargo & Company set a $18.00 price target on shares of KeyCorp and gave the stock an “underperform” rating in a research note on Tuesday, January 6th. Evercore upped their price objective on shares of KeyCorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of KeyCorp from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.87.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.