KeyCorp (NYSE:KEY) Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its position in KeyCorp (NYSE:KEY) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,218 shares of the financial services provider’s stock after acquiring an additional 13,701 shares during the quarter. Sanctuary Advisors LLC’s holdings in KeyCorp were worth $1,193,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Retirement Systems of Alabama boosted its position in shares of KeyCorp by 0.6% in the second quarter. Retirement Systems of Alabama now owns 207,983 shares of the financial services provider’s stock worth $2,955,000 after buying an additional 1,268 shares during the period. Raymond James Trust N.A. grew its stake in KeyCorp by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider’s stock valued at $429,000 after acquiring an additional 724 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in KeyCorp during the 2nd quarter valued at about $325,000. Summit Securities Group LLC increased its holdings in shares of KeyCorp by 51.8% in the 2nd quarter. Summit Securities Group LLC now owns 70,900 shares of the financial services provider’s stock valued at $1,007,000 after purchasing an additional 24,200 shares during the period. Finally, Atomi Financial Group Inc. lifted its position in shares of KeyCorp by 14.5% in the second quarter. Atomi Financial Group Inc. now owns 33,978 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 4,302 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Up 1.7 %

Shares of KEY opened at $17.09 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50-day simple moving average of $18.29 and a 200-day simple moving average of $16.49. KeyCorp has a 52 week low of $12.94 and a 52 week high of $20.04. The firm has a market capitalization of $16.94 billion, a P/E ratio of 1,709.00, a P/E/G ratio of 1.00 and a beta of 1.25.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. On average, equities research analysts expect that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.80%. KeyCorp’s dividend payout ratio is currently 8,200.00%.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now directly owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the transaction, the insider now directly owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on KEY shares. Keefe, Bruyette & Woods upped their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Barclays increased their price objective on KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Royal Bank of Canada boosted their target price on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Finally, Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.16.

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.