KeyCorp (KEY) Shares Sold by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. lowered its stake in KeyCorp (NYSE:KEY) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,542,485 shares of the financial services provider’s stock after selling 1,097,669 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.33% of KeyCorp worth $71,452,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Capital Fund Management S.A. lifted its stake in KeyCorp by 24.1% in the 4th quarter. Capital Fund Management S.A. now owns 1,295,075 shares of the financial services provider’s stock worth $26,122,000 after purchasing an additional 251,500 shares in the last quarter. Fagan Associates Inc. lifted its stake in KeyCorp by 351.3% in the 4th quarter. Fagan Associates Inc. now owns 51,835 shares of the financial services provider’s stock worth $1,046,000 after purchasing an additional 40,350 shares in the last quarter. D.A. Davidson & CO. lifted its stake in KeyCorp by 4.4% in the 4th quarter. D.A. Davidson & CO. now owns 162,292 shares of the financial services provider’s stock worth $3,273,000 after purchasing an additional 6,768 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in KeyCorp by 17.6% in the 4th quarter. Chartwell Investment Partners LLC now owns 325,834 shares of the financial services provider’s stock worth $6,572,000 after purchasing an additional 48,749 shares in the last quarter. Finally, Toronto Dominion Bank lifted its stake in KeyCorp by 12.7% in the 4th quarter. Toronto Dominion Bank now owns 483,208 shares of the financial services provider’s stock worth $9,746,000 after purchasing an additional 54,296 shares in the last quarter. Institutional investors and hedge funds own 81.08% of the company’s stock.

Shares of KeyCorp (KEY) opened at $20.53 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.22. The firm has a market cap of $22,504.22, a PE ratio of 18.33, a P/E/G ratio of 1.33 and a beta of 1.04.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and upped their target price for the company from $23.00 to $24.00 in a research report on Thursday, January 25th. Oppenheimer restated a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. DA Davidson upped their target price on shares of KeyCorp to $26.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Sandler O’Neill restated a “hold” rating and set a $21.50 target price on shares of KeyCorp in a research report on Friday, January 19th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $22.07.

In other KeyCorp news, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the transaction, the insider now directly owns 51,791 shares in the company, valued at approximately $1,098,487.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “KeyCorp (KEY) Shares Sold by UBS Asset Management Americas Inc.” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/02/23/keycorp-key-shares-sold-by-ubs-asset-management-americas-inc.html.

KeyCorp Company 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.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply