Fox Run Management L.L.C. Has $735,000 Stake in KeyCorp (KEY)

Fox Run Management L.L.C. raised its holdings in shares of KeyCorp (NYSE:KEY) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,462 shares of the financial services provider’s stock after acquiring an additional 7,762 shares during the quarter. Fox Run Management L.L.C.’s holdings in KeyCorp were worth $735,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its position in shares of KeyCorp by 3.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,710,242 shares of the financial services provider’s stock valued at $74,836,000 after purchasing an additional 134,355 shares during the period. National Pension Service boosted its position in shares of KeyCorp by 4.5% in the 4th quarter. National Pension Service now owns 1,113,145 shares of the financial services provider’s stock valued at $22,452,000 after purchasing an additional 47,814 shares during the period. Bank of Montreal Can boosted its position in shares of KeyCorp by 7.1% in the 4th quarter. Bank of Montreal Can now owns 3,074,125 shares of the financial services provider’s stock valued at $62,004,000 after purchasing an additional 204,584 shares during the period. Davis R M Inc. acquired a new stake in shares of KeyCorp in the 4th quarter valued at about $217,000. Finally, Pennsylvania Trust Co boosted its position in shares of KeyCorp by 28.6% in the 4th quarter. Pennsylvania Trust Co now owns 339,803 shares of the financial services provider’s stock valued at $6,856,000 after purchasing an additional 75,539 shares during the period. 81.01% of the stock is owned by institutional investors and hedge funds.

KEY has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, December 26th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.98.

In other KeyCorp news, Director Elizabeth R. Gile bought 1,374 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average cost of $18.23 per share, with a total value of $25,048.02. Following the purchase, the director now owns 24,989 shares in the company, valued at approximately $455,549.47. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Paul N. Harris sold 2,758 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,212 shares of company stock valued at $1,060,508. Company insiders own 0.65% of the company’s stock.

KeyCorp (NYSE KEY) opened at $21.16 on Friday. The stock has a market capitalization of $22,760.00, a P/E ratio of 18.40, a PEG ratio of 1.59 and a beta of 1.09. KeyCorp has a one year low of $16.28 and a one year high of $21.71. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.89 and a current ratio of 0.89.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same period in the prior year, the business posted $0.31 EPS. research analysts anticipate that KeyCorp will post 1.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is 36.52%.

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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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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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