Nwam LLC boosted its holdings in shares of KeyCorp (NYSE:KEY) by 2.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,830 shares of the financial services provider’s stock after acquiring an additional 542 shares during the period. Nwam LLC’s holdings in KeyCorp were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. Cambridge Investment Research Advisors Inc. grew its holdings in KeyCorp by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 75,171 shares of the financial services provider’s stock worth $1,625,000 after acquiring an additional 2,276 shares in the last quarter. Allworth Financial LP grew its holdings in KeyCorp by 10,873.1% during the 3rd quarter. Allworth Financial LP now owns 8,559 shares of the financial services provider’s stock worth $185,000 after acquiring an additional 8,481 shares in the last quarter. ING Groep NV grew its holdings in KeyCorp by 0.7% during the 3rd quarter. ING Groep NV now owns 85,637 shares of the financial services provider’s stock worth $1,851,000 after acquiring an additional 583 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of KeyCorp by 17.7% during the third quarter. Lebenthal Global Advisors LLC now owns 18,754 shares of the financial services provider’s stock valued at $405,000 after buying an additional 2,816 shares during the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of KeyCorp by 21.4% during the third quarter. Perigon Wealth Management LLC now owns 20,758 shares of the financial services provider’s stock valued at $449,000 after buying an additional 3,658 shares during the last quarter. Institutional investors own 80.45% of the company’s stock.
Shares of NYSE KEY opened at $22.74 on Monday. The stock has a market capitalization of $21.17 billion, a price-to-earnings ratio of 8.88, a PEG ratio of 0.58 and a beta of 1.47. KeyCorp has a 12 month low of $15.95 and a 12 month high of $24.57. The firm’s 50 day simple moving average is $23.31 and its 200-day simple moving average is $21.59. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.81.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 21st. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.74 billion. KeyCorp had a net margin of 33.07% and a return on equity of 15.47%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the company earned $0.41 EPS. Analysts anticipate that KeyCorp will post 2.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Tuesday, November 30th were paid a $0.195 dividend. The ex-dividend date was Monday, November 29th. This represents a $0.78 dividend on an annualized basis and a yield of 3.43%. This is a boost from KeyCorp’s previous quarterly dividend of $0.19. KeyCorp’s dividend payout ratio (DPR) is currently 30.47%.
Several research firms have commented on KEY. Royal Bank of Canada decreased their price target on shares of KeyCorp from $36.00 to $34.00 and set an “outperform” rating for the company in a research report on Thursday, November 4th. Stephens increased their price target on shares of KeyCorp from $21.50 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, October 22nd. Wells Fargo & Company lowered shares of KeyCorp to an “equal weight” rating and set a $29.00 price objective for the company. in a research report on Thursday, December 16th. Morgan Stanley increased their price objective on shares of KeyCorp from $26.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, December 6th. Finally, Jefferies Financial Group increased their price objective on shares of KeyCorp from $25.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, October 11th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, KeyCorp presently has a consensus rating of “Buy” and a consensus price target of $26.46.
In other KeyCorp news, insider Kenneth C. Gavrity sold 10,981 shares of the firm’s stock in a transaction on Thursday, October 28th. The stock was sold at an average price of $23.36, for a total value of $256,516.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian L. Fishel sold 11,841 shares of the firm’s stock in a transaction on Monday, December 6th. The shares were sold at an average price of $23.26, for a total value of $275,421.66. The disclosure for this sale can be found here. Insiders sold a total of 98,672 shares of company stock worth $2,361,619 in the last three months. 0.56% of the stock is owned by corporate insiders.
KeyCorp Profile
KeyCorp operates as bank holding company, which engages in the provision of financial services. it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
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