LGT Capital Partners LTD. Has $4.54 Million Stock Position in KeyCorp (NYSE:KEY)

LGT Capital Partners LTD. lessened its stake in KeyCorp (NYSE:KEY) by 77.0% in the fourth quarter, HoldingsChannel reports. The firm owned 315,510 shares of the financial services provider’s stock after selling 1,054,080 shares during the period. LGT Capital Partners LTD.’s holdings in KeyCorp were worth $4,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KEY. Vanguard Group Inc. boosted its stake in KeyCorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock worth $2,488,691,000 after acquiring an additional 1,278,193 shares during the last quarter. BlackRock Inc. grew its stake in KeyCorp by 4.7% in the second quarter. BlackRock Inc. now owns 93,937,195 shares of the financial services provider’s stock valued at $867,980,000 after acquiring an additional 4,177,314 shares during the period. State Street Corp increased its holdings in shares of KeyCorp by 2.6% in the second quarter. State Street Corp now owns 47,193,025 shares of the financial services provider’s stock worth $436,064,000 after acquiring an additional 1,194,413 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of KeyCorp by 3.2% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 32,342,547 shares of the financial services provider’s stock valued at $348,006,000 after purchasing an additional 993,215 shares in the last quarter. Finally, FMR LLC increased its stake in KeyCorp by 14.4% during the 3rd quarter. FMR LLC now owns 31,781,539 shares of the financial services provider’s stock worth $341,969,000 after purchasing an additional 3,992,226 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

NYSE KEY opened at $15.80 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $14.65 billion, a price-to-earnings ratio of 17.75 and a beta of 1.27. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a fifty day moving average price of $14.43 and a 200-day moving average price of $12.92.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. During the same period last year, the business posted $0.38 earnings per share. As a group, equities research analysts predict that KeyCorp will post 1.18 EPS for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.205 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.82 annualized dividend and a dividend yield of 5.19%. KeyCorp’s payout ratio is 92.13%.

Insider Activity

In related news, Director Trina M. Evans sold 12,335 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the sale, the director now directly owns 81,622 shares in the company, valued at approximately $1,161,481.06. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Trina M. Evans sold 12,335 shares of KeyCorp stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the sale, the director now owns 81,622 shares in the company, valued at approximately $1,161,481.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the sale, the insider now owns 214,630 shares in the company, valued at approximately $3,056,331.20. The disclosure for this sale can be found here. Insiders have sold a total of 21,442 shares of company stock valued at $303,914 over the last quarter. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

KEY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods dropped their price objective on shares of KeyCorp from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Wedbush decreased their target price on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Barclays decreased their price objective on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, January 19th. Finally, The Goldman Sachs Group increased their price target on KeyCorp from $13.50 to $15.00 and gave the company a “buy” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.00.

KeyCorp Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.