Stifel Financial Corp grew its stake in KeyCorp (NYSE:KEY) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 364,521 shares of the financial services provider’s stock after purchasing an additional 39,518 shares during the period. Stifel Financial Corp’s holdings in KeyCorp were worth $4,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Mark Sheptoff Financial Planning LLC lifted its stake in KeyCorp by 110.0% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 2,100 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,100 shares during the last quarter. Cerebellum GP LLC bought a new position in shares of KeyCorp in the 2nd quarter valued at $45,000. Procyon Private Wealth Partners LLC lifted its stake in shares of KeyCorp by 77.2% in the 1st quarter. Procyon Private Wealth Partners LLC now owns 2,373 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,034 shares during the last quarter. WASHINGTON TRUST Co acquired a new position in KeyCorp in the 1st quarter worth about $31,000. Finally, Sterling Investment Advisors Ltd. acquired a new stake in shares of KeyCorp during the second quarter valued at about $36,000. 79.72% of the stock is currently owned by institutional investors.

KeyCorp stock opened at $12.53 on Wednesday. KeyCorp has a fifty-two week low of $7.45 and a fifty-two week high of $20.52. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.91 and a current ratio of 0.92. The firm’s 50-day simple moving average is $12.46 and its 200 day simple moving average is $12.01. The stock has a market cap of $12.23 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 2.46 and a beta of 1.48.

KeyCorp (NYSE:KEY) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.07. The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a return on equity of 8.52% and a net margin of 15.85%. KeyCorp’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. As a group, analysts predict that KeyCorp will post 0.88 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date of this dividend was Monday, August 31st. KeyCorp’s dividend payout ratio (DPR) is currently 41.11%.

KEY has been the subject of a number of research reports. Bank of America lowered shares of KeyCorp from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $15.00 to $12.00 in a report on Friday, July 10th. BofA Securities downgraded KeyCorp from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $15.00 to $12.00 in a report on Friday, July 10th. Morgan Stanley increased their price target on KeyCorp from $14.00 to $15.25 and gave the company an “equal weight” rating in a research note on Monday, June 8th. Odeon Capital Group cut KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Stephens downgraded shares of KeyCorp from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research report on Wednesday, June 3rd. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.54.

In other news, insider Angela G. Mago sold 3,646 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $12.46, for a total transaction of $45,429.16. Following the completion of the transaction, the insider now directly owns 171,829 shares of the company’s stock, valued at approximately $2,140,989.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.

KeyCorp 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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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