Sciencast Management LP Takes Position in KeyCorp (KEY)

Sciencast Management LP acquired a new position in shares of KeyCorp (NYSE:KEY) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 64,380 shares of the financial services provider’s stock, valued at approximately $1,221,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiera Capital Corp raised its stake in shares of KeyCorp by 25.0% during the 1st quarter. Fiera Capital Corp now owns 12,902 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 2,582 shares in the last quarter. New Mexico Educational Retirement Board raised its stake in shares of KeyCorp by 2.6% during the 4th quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock worth $2,108,000 after acquiring an additional 2,600 shares in the last quarter. TCW Group Inc. raised its stake in shares of KeyCorp by 0.9% during the 1st quarter. TCW Group Inc. now owns 277,576 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 2,604 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of KeyCorp by 6.0% during the 1st quarter. LS Investment Advisors LLC now owns 47,496 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 2,680 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in shares of KeyCorp by 17.3% during the 4th quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 2,744 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s stock.

Several research firms recently commented on KEY. ValuEngine lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Morgan Stanley boosted their price objective on shares of KeyCorp from $24.50 to $25.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 24th. Vining Sparks reiterated a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a research note on Friday, April 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a research note on Thursday, April 5th. Finally, UBS Group upgraded shares of KeyCorp from a “neutral” rating to a “positive” rating in a research note on Tuesday, April 24th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.45.

NYSE:KEY opened at $20.57 on Thursday. The company has a market cap of $21.83 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.27 and a beta of 1.02. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 0.99.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. equities research analysts expect that KeyCorp will post 1.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 29th will be issued a $0.12 dividend. This is an increase from KeyCorp’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, May 25th. KeyCorp’s dividend payout ratio is 35.29%.

In other news, insider Edward J. Burke sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $19.83, for a total value of $198,300.00. Following the sale, the insider now directly owns 126,526 shares of the company’s stock, valued at approximately $2,509,010.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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