KeyCorp (NYSE:KEY) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in KeyCorp (NYSE:KEY) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,628 shares of the financial services provider’s stock after selling 722 shares during the quarter. Blair William & Co. IL’s holdings in KeyCorp were worth $322,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC purchased a new position in shares of KeyCorp in the 1st quarter valued at $25,000. Crewe Advisors LLC purchased a new position in shares of KeyCorp in the 1st quarter valued at $32,000. Quarry LP purchased a new position in shares of KeyCorp in the 4th quarter valued at $38,000. Fidelis Capital Partners LLC purchased a new position in shares of KeyCorp in the 1st quarter valued at $39,000. Finally, Centerpoint Advisors LLC raised its stake in shares of KeyCorp by 127.7% in the 1st quarter. Centerpoint Advisors LLC now owns 3,757 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 2,107 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 1.1 %

NYSE KEY opened at $16.56 on Friday. KeyCorp has a one year low of $9.50 and a one year high of $17.39. The company has a 50-day simple moving average of $16.09 and a 200-day simple moving average of $15.14. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $15.61 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 0.92 and a beta of 1.25.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.27 EPS. The company’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities analysts forecast that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Tuesday, August 27th. KeyCorp’s payout ratio is 103.80%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a research note on Tuesday, September 10th. DA Davidson lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of KeyCorp in a research note on Tuesday, August 13th. Wedbush lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, KeyCorp has an average rating of “Moderate Buy” and an average target price of $16.71.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the transaction, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

About KeyCorp

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.