CIBC Asset Management Inc increased its holdings in shares of KeyCorp (NYSE:KEY) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,194 shares of the financial services provider’s stock after buying an additional 4,727 shares during the quarter. CIBC Asset Management Inc’s holdings in KeyCorp were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also modified their holdings of the company. CI Investments Inc. grew its holdings in shares of KeyCorp by 114.5% during the fourth quarter. CI Investments Inc. now owns 1,151,870 shares of the financial services provider’s stock valued at $23,233,000 after buying an additional 614,800 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of KeyCorp during the fourth quarter valued at $971,000. Aperio Group LLC grew its holdings in shares of KeyCorp by 6.1% during the fourth quarter. Aperio Group LLC now owns 780,200 shares of the financial services provider’s stock valued at $15,737,000 after buying an additional 45,017 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of KeyCorp by 246.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 26,700 shares of the financial services provider’s stock valued at $539,000 after buying an additional 19,000 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of KeyCorp by 37.6% during the fourth quarter. Boston Partners now owns 26,045,044 shares of the financial services provider’s stock valued at $525,329,000 after buying an additional 7,123,113 shares in the last quarter. Institutional investors and hedge funds own 82.04% of the company’s stock.
In other KeyCorp news, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the sale, the insider now owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the transaction, the director now directly owns 24,989 shares of the company’s stock, valued at $455,549.47. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.
KeyCorp (NYSE KEY) opened at $20.08 on Friday. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.22. The company has a market capitalization of $22,589.74, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88.
KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. equities research analysts forecast that KeyCorp will post 1.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.09%. KeyCorp’s dividend payout ratio is currently 37.50%.
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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