Sigma Planning Corp raised its position in KeyCorp (NYSE:KEY – Free Report) by 233.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,873 shares of the financial services provider’s stock after acquiring an additional 32,828 shares during the quarter. Sigma Planning Corp’s holdings in KeyCorp were worth $587,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Heritage Wealth Management LLC grew its position in KeyCorp by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 790 shares in the last quarter. Versant Capital Management Inc grew its position in KeyCorp by 74.3% in the 1st quarter. Versant Capital Management Inc now owns 2,709 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,155 shares in the last quarter. Dakota Community Bank & Trust NA grew its position in KeyCorp by 78.7% in the 1st quarter. Dakota Community Bank & Trust NA now owns 2,690 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,185 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new position in KeyCorp in the 4th quarter valued at about $35,000. Finally, Glassman Wealth Services grew its position in KeyCorp by 35.4% in the 4th quarter. Glassman Wealth Services now owns 2,103 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 550 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at KeyCorp
In other news, insider Amy G. Brady sold 12,388 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $10.11, for a total transaction of $125,242.68. Following the completion of the sale, the insider now owns 106,733 shares in the company, valued at $1,079,070.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.
KeyCorp Price Performance
KeyCorp (NYSE:KEY – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.05). KeyCorp had a net margin of 14.93% and a return on equity of 13.78%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the prior year, the firm posted $0.54 EPS. KeyCorp’s quarterly revenue was down 11.0% compared to the same quarter last year. On average, research analysts forecast that KeyCorp will post 1.27 earnings per share for the current year.
KeyCorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend is Monday, August 28th. KeyCorp’s dividend payout ratio is currently 54.67%.
Analysts Set New Price Targets
KEY has been the subject of several research reports. Odeon Capital Group raised KeyCorp from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research report on Monday, May 22nd. TheStreet downgraded KeyCorp from a “b-” rating to a “c+” rating in a research report on Monday, May 1st. StockNews.com initiated coverage on KeyCorp in a research report on Thursday, May 18th. They set a “sell” rating for the company. DA Davidson lowered their price objective on KeyCorp from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, April 21st. Finally, 888 reissued a “maintains” rating on shares of KeyCorp in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.60.
View Our Latest Report on KeyCorp
KeyCorp Profile
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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