First Trust Advisors LP raised its position in shares of KeyCorp (NYSE:KEY) by 6.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 1,672,238 shares of the financial services provider’s stock after buying an additional 105,444 shares during the period. First Trust Advisors LP owned about 0.15% of KeyCorp worth $20,351,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in KEY. MSI Financial Services Inc boosted its stake in KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock worth $109,000 after buying an additional 860 shares during the period. Cutler Capital Management LLC acquired a new stake in KeyCorp during the third quarter worth $121,000. Wealthfront Inc. acquired a new stake in KeyCorp during the second quarter worth $123,000. Sigma Investment Management Co boosted its stake in KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,135 shares during the period. Finally, Regentatlantic Capital LLC acquired a new stake in KeyCorp during the second quarter worth $134,000. 71.65% of the stock is currently owned by institutional investors.
KeyCorp (NYSE:KEY) traded down 0.60% during trading on Friday, reaching $17.33. 6,134,531 shares of the company’s stock traded hands. The firm’s 50 day moving average is $14.56 and its 200 day moving average is $12.65. KeyCorp has a 12 month low of $9.88 and a 12 month high of $17.57. The company 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 released its quarterly earnings results on Tuesday, October 25th. The financial services provider reported $0.30 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.04. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. KeyCorp had a net margin of 15.72% and a return on equity of 8.44%. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Analysts anticipate that KeyCorp will post $1.10 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 29th will be given a $0.085 dividend. The ex-dividend date is Friday, November 25th. This represents a $0.34 dividend on an annualized basis and a yield of 1.96%. KeyCorp’s dividend payout ratio (DPR) is presently 39.08%.
A number of research firms have recently weighed in on KEY. Sanford C. Bernstein cut KeyCorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $17.00 to $19.00 in a report on Wednesday, November 16th. They noted that the move was a valuation call. Rafferty Capital Markets raised KeyCorp from a “hold” rating to a “buy” rating in a report on Tuesday, October 25th. Vetr cut KeyCorp from a “strong-buy” rating to a “buy” rating and set a $14.14 price target on the stock. in a report on Wednesday, October 19th. Wedbush began coverage on KeyCorp in a report on Thursday, October 6th. They set an “outperform” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research cut KeyCorp from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. KeyCorp currently has an average rating of “Buy” and an average target price of $14.84.