KeyCorp (NYSE:KEY) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in KeyCorp (NYSE:KEY) by 44.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,587 shares of the financial services provider’s stock after purchasing an additional 1,107 shares during the period. Versant Capital Management Inc’s holdings in KeyCorp were worth $61,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KEY. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KeyCorp by 14.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock valued at $10,928,000 after buying an additional 85,052 shares during the period. MBB Public Markets I LLC purchased a new position in KeyCorp in the second quarter worth $981,000. Dai ichi Life Insurance Company Ltd acquired a new stake in KeyCorp in the third quarter valued at $798,000. Prospector Partners LLC purchased a new stake in shares of KeyCorp during the 3rd quarter worth $9,630,000. Finally, Natixis Advisors LLC grew its stake in shares of KeyCorp by 17.9% during the 3rd quarter. Natixis Advisors LLC now owns 689,469 shares of the financial services provider’s stock worth $11,549,000 after purchasing an additional 104,689 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

KeyCorp Stock Up 1.8 %

KEY stock opened at $17.29 on Monday. The company has a 50 day moving average price of $18.28 and a two-hundred day moving average price of $16.76. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $17.14 billion, a P/E ratio of 1,729.00, a PEG ratio of 1.00 and a beta of 1.25. KeyCorp has a one year low of $12.94 and a one year high of $20.04.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. As a group, sell-side analysts expect that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Tuesday, December 3rd. KeyCorp’s dividend payout ratio is currently 8,200.00%.

Analyst Ratings Changes

KEY has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Wedbush boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. UBS Group raised their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, KeyCorp has an average rating of “Moderate Buy” and an average target price of $19.16.

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.