KeyCorp (KEY) Shares Sold by Navellier & Associates Inc

Navellier & Associates Inc reduced its stake in shares of KeyCorp (NYSE:KEY) by 68.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,100 shares of the financial services provider’s stock after selling 41,500 shares during the period. Navellier & Associates Inc’s holdings in KeyCorp were worth $385,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KEY. Zions Bancorporation lifted its holdings in shares of KeyCorp by 2,277.5% during the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 5,466 shares during the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in shares of KeyCorp during the 3rd quarter worth $132,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of KeyCorp during the 3rd quarter worth $145,000. AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the 3rd quarter worth $173,000. Finally, Connable Office Inc. bought a new stake in shares of KeyCorp during the 3rd quarter worth $195,000. 81.08% of the stock is owned by institutional investors.

In other KeyCorp news, insider Christopher M. Gorman sold 56,038 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert A. Deangelis sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the completion of the transaction, the insider now owns 175,053 shares in the company, valued at approximately $3,695,368.83. The disclosure for this sale can be found here. Insiders sold 92,857 shares of company stock worth $1,953,548 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

A number of research firms have recently issued reports on KEY. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $24.00 in a report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. Sandler O’Neill reaffirmed a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a report on Friday, January 19th. DA Davidson lifted their price objective on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.07.

KeyCorp (KEY) opened at $20.97 on Friday. KeyCorp has a 52-week low of $16.28 and a 52-week high of $22.22. The stock has a market cap of $22,418.69, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. 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 (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. equities research analysts expect that KeyCorp will post 1.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders 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 dividend yield of 2.00%. The ex-dividend date is Monday, February 26th. KeyCorp’s payout ratio is 37.50%.

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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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