Aperio Group LLC raised its stake in KeyCorp (NYSE:KEY) by 16.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 590,605 shares of the financial services provider’s stock after buying an additional 83,669 shares during the period. Aperio Group LLC owned 0.05% of KeyCorp worth $7,188,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MSI Financial Services Inc increased its stake in shares of KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock valued at $109,000 after buying an additional 860 shares during the last quarter. Cutler Capital Management LLC purchased a new stake in shares of KeyCorp during the third quarter valued at approximately $121,000. Wealthfront Inc. purchased a new stake in shares of KeyCorp during the second quarter valued at approximately $123,000. Sigma Investment Management Co increased its stake in shares of KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,135 shares during the last quarter. Finally, Regentatlantic Capital LLC purchased a new stake in shares of KeyCorp during the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 71.65% of the company’s stock.
KeyCorp (NYSE:KEY) traded down 0.60% during midday trading on Friday, hitting $17.33. 6,134,531 shares of the stock traded hands. KeyCorp has a 12-month low of $9.88 and a 12-month high of $17.57. The company’s 50-day moving average is $14.56 and its 200 day moving average is $12.65. The firm has a market cap of $18.73 billion, a P/E ratio of 19.97 and a beta of 1.00.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.28 billion. KeyCorp had a net margin of 15.72% and a return on equity of 8.44%. The business’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts anticipate that KeyCorp will post $1.10 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 29th will be issued a $0.085 dividend. The ex-dividend date is Friday, November 25th. This represents a $0.34 annualized dividend and a yield of 1.96%. KeyCorp’s dividend payout ratio (DPR) is 39.08%.
KEY has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Friday, October 28th. Jefferies Group reaffirmed a “buy” rating and set a $16.00 target price on shares of KeyCorp in a research note on Wednesday, October 26th. Rafferty Capital Markets raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Vetr cut shares of KeyCorp from a “strong-buy” rating to a “buy” rating and set a $14.14 target price for the company. in a research note on Wednesday, October 19th. Finally, Citigroup Inc. raised their target price on shares of KeyCorp from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. KeyCorp presently has a consensus rating of “Buy” and an average target price of $14.84.