Biltmore Family Office LLC acquired a new stake in shares of KeyCorp (NYSE:KEY) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 14,550 shares of the financial services provider’s stock, valued at approximately $293,000.
Several other large investors also recently added to or reduced their stakes in the stock. Boston Partners lifted its holdings in KeyCorp by 37.6% in the 4th quarter. Boston Partners now owns 26,045,044 shares of the financial services provider’s stock worth $525,329,000 after buying an additional 7,123,113 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its position in KeyCorp by 8.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after buying an additional 1,765,263 shares in the last quarter. Bessemer Group Inc. increased its position in KeyCorp by 17.3% during the 4th quarter. Bessemer Group Inc. now owns 14,150,163 shares of the financial services provider’s stock valued at $285,409,000 after buying an additional 2,084,290 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of KeyCorp by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 11,450,725 shares of the financial services provider’s stock worth $230,468,000 after purchasing an additional 97,817 shares in the last quarter. Finally, Eaton Vance Management increased its holdings in shares of KeyCorp by 77.6% in the 4th quarter. Eaton Vance Management now owns 11,100,824 shares of the financial services provider’s stock worth $223,904,000 after purchasing an additional 4,850,008 shares in the last quarter. Institutional investors own 81.68% of the company’s stock.
In related news, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $21.21, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 92,857 shares of company stock worth $1,953,548 in the last ninety days. Insiders own 0.65% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) opened at $20.02 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. The firm has a market cap of $22,242.61, a price-to-earnings ratio of 15.31, a P/E/G ratio of 1.32 and a beta of 1.01. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.40.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business posted $0.31 earnings per share. equities analysts predict that KeyCorp will post 1.67 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.
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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