Quantbot Technologies LP boosted its holdings in KeyCorp (NYSE:KEY) by 951.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,713 shares of the financial services provider’s stock after purchasing an additional 88,416 shares during the period. Quantbot Technologies LP’s holdings in KeyCorp were worth $1,838,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of KEY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in KeyCorp in the third quarter worth $145,000. Sun Life Financial INC boosted its position in KeyCorp by 80,370.0% in the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 8,037 shares during the last quarter. AllSquare Wealth Management LLC purchased a new position in KeyCorp in the third quarter worth $173,000. Connable Office Inc. purchased a new position in KeyCorp in the third quarter worth $195,000. Finally, Equity Investment Corp Acquisition Inc boosted its position in KeyCorp by 3.9% in the second quarter. Equity Investment Corp Acquisition Inc now owns 10,465 shares of the financial services provider’s stock worth $196,000 after purchasing an additional 390 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.
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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 value of $869,610.24. Following the transaction, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 completion of the transaction, the director now owns 68,725 shares in the company, valued at $1,263,852.75. The disclosure for this sale can be found here. Insiders sold a total of 57,212 shares of company stock worth $1,060,508 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.
Shares of KeyCorp (KEY) opened at $18.31 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. KeyCorp has a one year low of $16.28 and a one year high of $19.53. The stock has a market capitalization of $19,690.57, a price-to-earnings ratio of 13.87, a P/E/G ratio of 1.67 and a beta of 1.10.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.35. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a return on equity of 9.84% and a net margin of 23.57%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. research analysts anticipate that KeyCorp will post 1.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be paid a $0.105 dividend. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, November 27th. KeyCorp’s dividend payout ratio is currently 33.33%.
Several research analysts have weighed in on KEY shares. Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research report on Friday, July 28th. BMO Capital Markets reissued a “buy” rating and issued a $22.00 price objective on shares of KeyCorp in a research report on Thursday, July 27th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research report on Thursday, October 19th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. Finally, Robert W. Baird reissued a “hold” rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.82.
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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