International Assets Investment Management LLC Acquires 8,424 Shares of KeyCorp (NYSE:KEY)

International Assets Investment Management LLC raised its holdings in shares of KeyCorp (NYSE:KEY) by 27.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,707 shares of the financial services provider’s stock after purchasing an additional 8,424 shares during the quarter. International Assets Investment Management LLC’s holdings in KeyCorp were worth $600,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Cornerstone Wealth Management LLC lifted its position in KeyCorp by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 732 shares during the last quarter. Czech National Bank lifted its holdings in shares of KeyCorp by 0.5% in the 1st quarter. Czech National Bank now owns 164,768 shares of the financial services provider’s stock worth $2,605,000 after acquiring an additional 788 shares during the last quarter. CWM LLC lifted its holdings in shares of KeyCorp by 1.7% in the 1st quarter. CWM LLC now owns 50,656 shares of the financial services provider’s stock worth $801,000 after acquiring an additional 837 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of KeyCorp by 2.5% in the 4th quarter. UMB Bank n.a. now owns 34,090 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 841 shares during the last quarter. Finally, AHL Investment Management Inc. lifted its holdings in shares of KeyCorp by 1.8% in the 4th quarter. AHL Investment Management Inc. now owns 51,288 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Down 0.3 %

KEY opened at $13.60 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.28. The business has a 50-day moving average of $14.44 and a two-hundred day moving average of $14.45. KeyCorp has a 12 month low of $9.10 and a 12 month high of $15.86.

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

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Friday, May 24th. KeyCorp’s payout ratio is currently 103.80%.

Analyst Ratings Changes

KEY has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of KeyCorp from $18.00 to $17.50 and set a “neutral” rating for the company in a report on Friday, June 14th. Evercore ISI raised their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Royal Bank of Canada raised their price target on shares of KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Wells Fargo & Company raised their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” 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 stock a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.