KeyCorp (NYSE:KEY) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. trimmed its stake in shares of KeyCorp (NYSE:KEY) by 0.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,872,430 shares of the financial services provider’s stock after selling 19,923 shares during the period. Vanguard Group Inc. owned about 11.77% of KeyCorp worth $1,582,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of KEY. Bruce G. Allen Investments LLC purchased a new position in shares of KeyCorp during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC raised its position in shares of KeyCorp by 3,600.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,836 shares during the period. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of KeyCorp during the 3rd quarter worth about $28,000. First United Bank & Trust acquired a new stake in shares of KeyCorp during the 4th quarter valued at about $29,000. Finally, Baldwin Brothers LLC MA purchased a new position in shares of KeyCorp in the 4th quarter valued at about $35,000. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Trading Up 0.1 %

Shares of KEY opened at $13.58 on Thursday. KeyCorp has a 12-month low of $9.10 and a 12-month high of $15.86. The firm has a market capitalization of $12.80 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.68 and a beta of 1.28. The firm has a 50-day moving average price of $14.48 and a 200 day moving average price of $14.43. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.72.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The business’s quarterly revenue was down 10.6% on a year-over-year basis. During the same period last year, the company earned $0.44 EPS. Sell-side analysts forecast that KeyCorp will post 1.13 EPS for the current year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were given a $0.205 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.82 dividend on an annualized basis and a yield of 6.04%. KeyCorp’s dividend payout ratio is currently 103.80%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Keefe, Bruyette & Woods raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Wells Fargo & Company boosted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. decreased their price objective on shares of KeyCorp from $18.00 to $17.50 and set a “neutral” rating on the stock in a report on Friday, June 14th. Evercore ISI boosted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Finally, Jefferies Financial Group raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.97.

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.