California Public Employees Retirement System lifted its position in shares of KeyCorp (NYSE:KEY) by 2.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,992,221 shares of the financial services provider’s stock after acquiring an additional 74,117 shares during the period. California Public Employees Retirement System owned 0.28% of KeyCorp worth $56,314,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new position in KeyCorp in the 3rd quarter valued at about $356,111,000. Janus Henderson Group PLC grew its position in KeyCorp by 6,189.4% in the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock valued at $170,679,000 after buying an additional 8,962,913 shares in the last quarter. Vanguard Group Inc. grew its position in KeyCorp by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after buying an additional 4,230,390 shares in the last quarter. Samlyn Capital LLC bought a new position in KeyCorp in the 2nd quarter valued at about $57,111,000. Finally, Victory Capital Management Inc. grew its position in KeyCorp by 561.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,954,024 shares of the financial services provider’s stock valued at $55,358,000 after buying an additional 2,507,628 shares in the last quarter. Institutional investors and hedge funds own 81.20% of the company’s stock.

Shares of KeyCorp (NYSE KEY) opened at $19.70 on Thursday. KeyCorp has a 1-year low of $16.28 and a 1-year high of $20.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market cap of $21,508.00, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company earned $0.30 EPS. KeyCorp’s revenue was up 13.7% on a year-over-year basis. equities research analysts anticipate that KeyCorp will post 1.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be paid a dividend of $0.105 per share. The ex-dividend date is Monday, November 27th. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a yield of 2.13%. KeyCorp’s dividend payout ratio is currently 36.84%.

In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. Insiders have sold 57,212 shares of company stock valued at $1,060,508 over the last ninety days. Insiders own 0.65% of the company’s stock.

A number of equities analysts recently issued reports on the stock. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Thursday. CIBC reiterated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $21.09.

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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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