Dynamic Technology Lab Private Ltd lifted its position in KeyCorp (NYSE:KEY) by 81.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,107 shares of the financial services provider’s stock after acquiring an additional 31,501 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in KeyCorp were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. Ballentine Partners LLC boosted its stake in shares of KeyCorp by 0.5% in the second quarter. Ballentine Partners LLC now owns 12,113 shares of the financial services provider’s stock worth $223,000 after acquiring an additional 66 shares during the last quarter. Comerica Securities Inc. boosted its stake in shares of KeyCorp by 0.7% in the second quarter. Comerica Securities Inc. now owns 11,535 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 83 shares during the last quarter. Essex Financial Services Inc. boosted its stake in shares of KeyCorp by 0.3% in the second quarter. Essex Financial Services Inc. now owns 39,160 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 117 shares during the last quarter. Dividend Assets Capital LLC boosted its stake in shares of KeyCorp by 0.5% in the second quarter. Dividend Assets Capital LLC now owns 24,475 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 125 shares during the last quarter. Finally, HM Payson & Co. boosted its stake in shares of KeyCorp by 1.2% in the second quarter. HM Payson & Co. now owns 13,041 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 150 shares during the last quarter. 82.42% of the stock is currently owned by hedge funds and other institutional investors.
KeyCorp (KEY) traded up $0.18 during mid-day trading on Monday, hitting $18.31. The company had a trading volume of 9,553,700 shares, compared to its average volume of 10,918,650. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market cap of $19,690.00, a P/E ratio of 13.87, a PEG ratio of 1.67 and a beta of 1.10. KeyCorp has a 52-week low of $16.28 and a 52-week high of $19.53.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 EPS. sell-side analysts expect that KeyCorp will post 1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.105 per share. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 27th. This represents a $0.42 annualized dividend and a yield of 2.29%. KeyCorp’s dividend payout ratio is 33.04%.
KEY has been the topic of a number of recent research reports. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Sanford C. Bernstein raised KeyCorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $21.00 to $22.00 in a research note on Thursday, September 14th. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research note on Friday, July 28th. Robert W. Baird reissued a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Friday, October 6th. Finally, BMO Capital Markets reissued a “buy” rating and set a $22.00 price objective on shares of KeyCorp in a research note on Thursday, July 27th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.82.
In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $18.39, for a total value of $139,764.00. Following the sale, the director now owns 68,725 shares in the company, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,212 shares of company stock worth $1,060,508. 0.65% of the stock is owned by company insiders.
KeyCorp Company Profile
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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