PGGM Investments raised its position in KeyCorp (NYSE:KEY) by 2.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 586,712 shares of the financial services provider’s stock after buying an additional 13,711 shares during the period. PGGM Investments’ holdings in KeyCorp were worth $6,483,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Regentatlantic Capital LLC acquired a new position in shares of KeyCorp during the second quarter valued at $134,000. QUANTRES ASSET MANAGEMENT Ltd boosted its position in shares of KeyCorp by 9.1% in the second quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 18,000 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,500 shares in the last quarter. LGL Partners LLC acquired a new position in shares of KeyCorp during the first quarter valued at $238,000. Stratos Wealth Partners LTD. boosted its position in shares of KeyCorp by 5.4% in the first quarter. Stratos Wealth Partners LTD. now owns 22,963 shares of the financial services provider’s stock valued at $254,000 after buying an additional 1,179 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of KeyCorp during the first quarter valued at $263,000. 66.25% of the stock is owned by institutional investors and hedge funds.
KeyCorp (NYSE:KEY) traded up 1.00% during midday trading on Friday, hitting $12.17. The stock had a trading volume of 22,705,265 shares. The stock has a market cap of $13.17 billion, a P/E ratio of 12.59 and a beta of 1.23. KeyCorp has a 52 week low of $9.88 and a 52 week high of $14.01. The company has a 50-day moving average price of $12.27 and a 200-day moving average price of $11.88.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.27. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. KeyCorp’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Equities analysts expect that KeyCorp will post $1.06 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, July 29th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend was Wednesday, July 27th. KeyCorp’s dividend payout ratio (DPR) is presently 35.42%.
Several equities analysts have recently weighed in on the stock. Nomura reaffirmed a “buy” rating on shares of KeyCorp in a research note on Saturday, July 9th. Barclays PLC reaffirmed a “sell” rating on shares of KeyCorp in a research note on Saturday, July 9th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of KeyCorp in a research note on Saturday, July 9th. BMO Capital Markets reaffirmed a “buy” rating and set a $15.00 price target on shares of KeyCorp in a research note on Wednesday, July 27th. Finally, Vetr raised shares of KeyCorp from a “buy” rating to a “strong-buy” rating and set a $13.77 price target for the company in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. KeyCorp has a consensus rating of “Buy” and an average price target of $14.37.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
Want to see what other hedge funds are holding KEY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades 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.