Xact Kapitalforvaltning AB increased its stake in shares of KeyCorp (NYSE:KEY) by 4.5% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 251,553 shares of the financial services provider’s stock after purchasing an additional 10,854 shares during the period. Xact Kapitalforvaltning AB’s holdings in KeyCorp were worth $4,918,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Stifel Financial Corp boosted its position in shares of KeyCorp by 3.5% during the 1st quarter. Stifel Financial Corp now owns 1,386,981 shares of the financial services provider’s stock worth $27,142,000 after purchasing an additional 47,073 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of KeyCorp by 2.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 7,697,272 shares of the financial services provider’s stock worth $155,254,000 after purchasing an additional 210,993 shares during the period. Wells Fargo & Company MN boosted its position in shares of KeyCorp by 5.3% during the 4th quarter. Wells Fargo & Company MN now owns 4,593,311 shares of the financial services provider’s stock worth $92,648,000 after purchasing an additional 230,221 shares during the period. We Are One Seven LLC purchased a new position in shares of KeyCorp during the 4th quarter worth approximately $183,000. Finally, Equity Investment Corp boosted its position in shares of KeyCorp by 44.9% during the 4th quarter. Equity Investment Corp now owns 17,000 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 5,270 shares during the period. 79.88% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Edward J. Burke sold 10,000 shares of KeyCorp stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $19.83, for a total transaction of $198,300.00. Following the sale, the insider now directly owns 126,526 shares in the company, valued at approximately $2,509,010.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is owned by company insiders.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.38 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.38. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $0.32 EPS. The company’s revenue was up 3.1% on a year-over-year basis. equities analysts expect that KeyCorp will post 1.7 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, May 29th were paid a dividend of $0.12 per share. This is a positive change from KeyCorp’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Friday, May 25th. KeyCorp’s dividend payout ratio (DPR) is currently 35.29%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday. Susquehanna Bancshares raised shares of KeyCorp from a “neutral” rating to a “positive” rating and raised their price target for the company from $24.00 to $25.00 in a research report on Tuesday, April 24th. Vining Sparks reissued a “buy” rating and issued a $25.00 price target on shares of KeyCorp in a research report on Friday, April 6th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $23.00 price target on shares of KeyCorp in a research report on Thursday, April 5th. Finally, Morgan Stanley raised their price target on shares of KeyCorp from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $22.45.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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.