Investec Asset Management PTY Ltd maintained its position in KeyCorp (NYSE:KEY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 36,018 shares of the financial services provider’s stock at the end of the 2nd quarter. Investec Asset Management PTY Ltd’s holdings in KeyCorp were worth $669,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec lifted its holdings in KeyCorp by 447.1% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,182,062 shares of the financial services provider’s stock worth $21,040,000 after buying an additional 966,000 shares during the period. Trust Co. of Toledo NA OH lifted its holdings in KeyCorp by 0.4% during the second quarter. Trust Co. of Toledo NA OH now owns 42,951 shares of the financial services provider’s stock worth $805,000 after buying an additional 178 shares during the period. Flippin Bruce & Porter Inc. lifted its holdings in KeyCorp by 3.9% during the second quarter. Flippin Bruce & Porter Inc. now owns 451,881 shares of the financial services provider’s stock worth $8,468,000 after buying an additional 17,103 shares during the period. Greenwood Capital Associates LLC lifted its holdings in KeyCorp by 1.3% during the second quarter. Greenwood Capital Associates LLC now owns 41,874 shares of the financial services provider’s stock worth $785,000 after buying an additional 534 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in KeyCorp by 62.1% during the second quarter. State of Alaska Department of Revenue now owns 68,512 shares of the financial services provider’s stock worth $1,283,000 after buying an additional 26,248 shares during the period. Institutional investors own 80.78% of the company’s stock.

In other KeyCorp news, insider Craig A. Buffie sold 31,385 shares of KeyCorp stock in a transaction on Friday, July 28th. The shares were sold at an average price of $18.01, for a total value of $565,243.85. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Paul N. Harris sold 205,024 shares of KeyCorp stock in a transaction on Friday, August 4th. The shares were sold at an average price of $18.56, for a total transaction of $3,805,245.44. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 16,000 shares of company stock worth $290,540 and sold 259,409 shares worth $4,794,449. Insiders own 0.65% of the company’s stock.

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KEY has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upgraded KeyCorp from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price target on shares of KeyCorp in a research report on Thursday, July 27th. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Wednesday, June 21st. Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research report on Friday, July 28th. Finally, Instinet reaffirmed a “buy” rating and set a $23.00 price target on shares of KeyCorp in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.13.

KeyCorp (NYSE KEY) traded up 0.441% during midday trading on Monday, reaching $17.999. 1,637,995 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $17.63 and its 200-day moving average price is $18.09. KeyCorp has a 1-year low of $11.89 and a 1-year high of $19.53. The company has a market capitalization of $19.57 billion, a PE ratio of 17.874 and a beta of 1.12.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a net margin of 16.62% and a return on equity of 9.88%. KeyCorp’s quarterly revenue was up 52.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 earnings per share. Equities analysts expect that KeyCorp will post $1.36 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th were paid a $0.095 dividend. The ex-dividend date was Friday, August 25th. This represents a $0.38 dividend on an annualized basis and a yield of 2.12%. KeyCorp’s dividend payout ratio is presently 38.78%.

KeyCorp declared that its board has approved a share repurchase plan on Wednesday, June 28th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase up to 4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

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.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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