Strs Ohio lifted its position in KeyCorp (NYSE:KEY – Free Report) by 411.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,004,492 shares of the financial services provider’s stock after purchasing an additional 808,142 shares during the quarter. Strs Ohio owned about 0.11% of KeyCorp worth $12,576,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of KeyCorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock worth $2,488,691,000 after purchasing an additional 1,278,193 shares during the period. Boston Partners increased its stake in KeyCorp by 0.3% in the fourth quarter. Boston Partners now owns 32,534,320 shares of the financial services provider’s stock valued at $566,984,000 after acquiring an additional 84,047 shares during the last quarter. Royal Bank of Canada increased its stake in KeyCorp by 0.6% in the first quarter. Royal Bank of Canada now owns 21,965,131 shares of the financial services provider’s stock valued at $491,578,000 after acquiring an additional 136,741 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in KeyCorp by 11.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,753,312 shares of the financial services provider’s stock valued at $344,103,000 after acquiring an additional 1,993,369 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in KeyCorp by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 19,541,801 shares of the financial services provider’s stock valued at $339,813,000 after acquiring an additional 191,952 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.
Insiders Place Their Bets
In related news, insider Victor B. Alexander acquired 8,500 shares of the stock in a transaction on Friday, April 21st. The stock was acquired at an average cost of $11.83 per share, for a total transaction of $100,555.00. Following the completion of the acquisition, the insider now directly owns 117,196 shares of the company’s stock, valued at approximately $1,386,428.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other KeyCorp news, insider Andrew J. Paine III bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was acquired at an average price of $9.78 per share, with a total value of $733,500.00. Following the completion of the purchase, the insider now owns 335,414 shares of the company’s stock, valued at $3,280,348.92. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Victor B. Alexander bought 8,500 shares of the firm’s stock in a transaction on Friday, April 21st. The shares were acquired at an average cost of $11.83 per share, with a total value of $100,555.00. Following the purchase, the insider now directly owns 117,196 shares of the company’s stock, valued at approximately $1,386,428.68. The disclosure for this purchase can be found here. Insiders purchased 85,700 shares of company stock worth $857,507 over the last three months. Company insiders own 0.61% of the company’s stock.
Wall Street Analyst Weigh In
KeyCorp Stock Performance
Shares of KEY opened at $10.16 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.86 and a quick ratio of 0.86. KeyCorp has a one year low of $8.53 and a one year high of $20.30. The company has a 50-day simple moving average of $9.86 and a two-hundred day simple moving average of $13.50. The firm has a market capitalization of $9.50 billion, a PE ratio of 5.74, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23.
KeyCorp (NYSE:KEY – Get Free Report) last issued its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. KeyCorp had a net margin of 19.09% and a return on equity of 15.63%. The business had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business posted $0.45 earnings per share. KeyCorp’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts anticipate that KeyCorp will post 1.38 EPS for the current fiscal year.
KeyCorp Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be issued a $0.205 dividend. The ex-dividend date is Monday, August 28th. This represents a $0.82 annualized dividend and a yield of 8.07%. KeyCorp’s dividend payout ratio (DPR) is presently 46.33%.
About KeyCorp
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.
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