Livingston Group Asset Management CO operating as Southport Capital Management maintained its position in KeyCorp (NYSE:KEY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,161 shares of the financial services provider’s stock at the end of the second quarter. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in KeyCorp were worth $156,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in KEY. Regentatlantic Capital LLC bought a new stake in KeyCorp during the second quarter worth about $134,000. QUANTRES ASSET MANAGEMENT Ltd boosted its stake in KeyCorp by 9.1% in the second quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 18,000 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,500 shares during the last quarter. LGL Partners LLC bought a new stake in KeyCorp during the first quarter worth about $238,000. Stratos Wealth Partners LTD. boosted its stake in KeyCorp by 5.4% in the first quarter. Stratos Wealth Partners LTD. now owns 22,963 shares of the financial services provider’s stock worth $254,000 after buying an additional 1,179 shares during the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in KeyCorp during the first quarter worth about $263,000. 66.25% of the stock is owned by hedge funds and other institutional investors.
Shares of KeyCorp (NYSE:KEY) traded down 0.16% during midday trading on Monday, hitting $12.15. The stock had a trading volume of 11,002,194 shares. The firm’s 50-day moving average is $12.27 and its 200 day moving average is $11.90. KeyCorp has a one year low of $9.88 and a one year high of $14.01. The company has a market capitalization of $13.15 billion, a PE ratio of 12.56 and a beta of 1.21.
KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the consensus estimate of $0.27. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. Equities analysts expect that KeyCorp will post $1.06 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, July 29th were paid a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.80%. The ex-dividend date was Wednesday, July 27th. KeyCorp’s payout ratio is 35.42%.
A number of brokerages recently weighed in on KEY. Zacks Investment Research cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 27th. Piper Jaffray Cos. cut shares of KeyCorp from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $14.50 to $13.00 in a research note on Monday, August 29th. Citigroup Inc. lifted their price objective on shares of KeyCorp from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. BMO Capital Markets restated a “buy” rating and set a $15.00 price objective on shares of KeyCorp in a research note on Wednesday, July 27th. Finally, Jefferies Group restated a “buy” rating and set a $14.00 price objective (down from $14.50) on shares of KeyCorp in a research note on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.37.
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.
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