Sciencast Management LP bought a new stake in KeyCorp (NYSE:KEY) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 64,380 shares of the financial services provider’s stock, valued at approximately $1,221,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Personal Financial Services lifted its stake in shares of KeyCorp by 139.7% in the 1st quarter. First Personal Financial Services now owns 5,894 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 3,435 shares during the period. Adviser Investments LLC acquired a new position in shares of KeyCorp in the 1st quarter valued at $165,000. We Are One Seven LLC acquired a new position in shares of KeyCorp in the 4th quarter valued at $183,000. Meridian Wealth Management LLC acquired a new position in shares of KeyCorp in the 1st quarter valued at $196,000. Finally, Jump Trading LLC acquired a new position in shares of KeyCorp in the 4th quarter valued at $219,000. Hedge funds and other institutional investors own 79.96% of the company’s stock.

KEY has been the subject of a number of research analyst reports. Susquehanna Bancshares upgraded shares of KeyCorp from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $24.00 to $25.00 in a research report on Tuesday, April 24th. Zacks Investment Research cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. BMO Capital Markets reduced their price objective on shares of KeyCorp from $25.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, April 20th. UBS Group upgraded shares of KeyCorp from a “neutral” rating to a “positive” rating in a research report on Tuesday, April 24th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a research report on Thursday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.45.

Shares of KeyCorp opened at $20.57 on Thursday, according to MarketBeat. The stock has a market capitalization of $21.83 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.27 and a beta of 1.02. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 0.99. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.40.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, April 19th. The financial services provider reported $0.38 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.38. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. equities research analysts predict that KeyCorp will post 1.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 29th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from KeyCorp’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, May 25th. KeyCorp’s dividend payout ratio is 35.29%.

In other news, insider Edward J. Burke sold 10,000 shares of the stock in a transaction dated Tuesday, May 8th. The shares were sold at an average price of $19.83, for a total value of $198,300.00. Following the completion of the sale, the insider now directly owns 126,526 shares in the company, valued at $2,509,010.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by corporate insiders.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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