13,280 Shares in KeyCorp (NYSE:KEY) Purchased by First Bank & Trust

First Bank & Trust purchased a new stake in shares of KeyCorp (NYSE:KEY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,280 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of KeyCorp by 8.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 273,010 shares of the financial services provider’s stock valued at $3,931,000 after purchasing an additional 21,395 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of KeyCorp by 35.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 329,655 shares of the financial services provider’s stock valued at $4,747,000 after purchasing an additional 86,579 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of KeyCorp by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 23,416,018 shares of the financial services provider’s stock valued at $337,191,000 after purchasing an additional 289,258 shares in the last quarter. Aigen Investment Management LP bought a new stake in KeyCorp in the fourth quarter worth $1,556,000. Finally, Miller Howard Investments Inc. NY bought a new stake in KeyCorp in the fourth quarter worth $7,200,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

KEY stock opened at $14.21 on Friday. 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 business has a 50-day moving average price of $14.37 and a 200 day moving average price of $14.46. The company has a market capitalization of $13.40 billion, a P/E ratio of 17.99, a PEG ratio of 0.72 and a beta of 1.28. KeyCorp has a 1-year low of $9.10 and a 1-year high of $15.86.

KeyCorp (NYSE:KEY) last released its quarterly earnings data 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 the consensus estimate of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The business’s revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, equities research analysts forecast that KeyCorp will post 1.13 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th were paid a $0.205 dividend. The ex-dividend date was Friday, May 24th. This represents a $0.82 annualized dividend and a yield of 5.77%. KeyCorp’s dividend payout ratio (DPR) is presently 103.80%.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price target on KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group raised their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their price target on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods raised their price target on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, Argus lifted their target price on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.38.

KeyCorp Company 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.