KeyCorp (KEY) Shares Bought by Smith Graham & Co. Investment Advisors LP

Smith Graham & Co. Investment Advisors LP boosted its holdings in KeyCorp (NYSE:KEY) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 345,920 shares of the financial services provider’s stock after purchasing an additional 60,820 shares during the quarter. Smith Graham & Co. Investment Advisors LP’s holdings in KeyCorp were worth $6,977,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Advisory Services Network LLC increased its holdings in shares of KeyCorp by 0.8% during the second quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 150 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of KeyCorp by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 216 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of KeyCorp by 1.0% during the second quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after acquiring an additional 757 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of KeyCorp by 3.8% during the second quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 1,230 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in shares of KeyCorp by 0.6% during the second quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock valued at $4,633,000 after acquiring an additional 1,539 shares in the last quarter. Institutional investors and hedge funds own 81.00% of the company’s stock.

Shares of KeyCorp (NYSE:KEY) opened at $21.39 on Tuesday. KeyCorp has a 1-year low of $16.28 and a 1-year high of $21.71. The stock has a market capitalization of $22,621.82, a price-to-earnings ratio of 19.10, a P/E/G ratio of 1.58 and a beta of 1.10. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. analysts forecast that KeyCorp will post 1.67 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. The ex-dividend date is Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 1.96%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total value of $139,764.00. Following the completion of the transaction, the director now directly owns 68,725 shares in the company, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Several research firms have recently commented on KEY. Sandler O’Neill restated a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a report on Friday. Oppenheimer restated a “hold” rating on shares of KeyCorp in a report on Monday. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price objective on shares of KeyCorp in a report on Wednesday, September 27th. Vining Sparks restated a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a report on Thursday, January 18th. Finally, DA Davidson boosted their price objective on KeyCorp to $26.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.98.

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KeyCorp Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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