ING Groep NV acquired a new position in shares of KeyCorp (NYSE:KEY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 102,251 shares of the financial services provider’s stock, valued at approximately $2,062,000.

Several other large investors also recently modified their holdings of KEY. Raymond James Financial Services Advisors Inc. raised its holdings in shares of KeyCorp by 22.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 105,637 shares of the financial services provider’s stock worth $1,980,000 after acquiring an additional 19,574 shares during the period. Bank of Nova Scotia raised its holdings in shares of KeyCorp by 0.6% during the second quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock worth $4,633,000 after acquiring an additional 1,539 shares during the period. Castleark Management LLC acquired a new stake in shares of KeyCorp during the second quarter worth $481,000. Ameritas Investment Partners Inc. raised its holdings in shares of KeyCorp by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 216 shares during the period. Finally, Sterling Capital Management LLC raised its holdings in shares of KeyCorp by 1.0% during the second quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock worth $1,408,000 after acquiring an additional 757 shares during the period. Institutional investors and hedge funds own 82.04% of the company’s stock.

In other news, insider Craig A. Buffie sold 11,819 shares of KeyCorp stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the transaction, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizabeth R. Gile acquired 1,374 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was purchased at an average cost of $18.23 per share, with a total value of $25,048.02. Following the transaction, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a report on Thursday, October 19th. CIBC restated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Barclays raised their price objective on shares of KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective on the stock in a report on Thursday, December 14th. Finally, DA Davidson raised their price objective on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $22.07.

KeyCorp (NYSE KEY) opened at $20.39 on Friday. KeyCorp has a 12-month low of $16.28 and a 12-month high of $22.22. The company has a market cap of $21,798.62, a PE ratio of 18.21, a PEG ratio of 1.52 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $0.31 EPS. sell-side analysts expect that KeyCorp will post 1.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.

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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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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