Centaurus Financial Inc. Acquires Shares of 6,490 KeyCorp (NYSE:KEY)

Centaurus Financial Inc. acquired a new stake in shares of KeyCorp (NYSE:KEY) during the third quarter, Holdings Channel.com reports. The firm acquired 6,490 shares of the financial services provider’s stock, valued at approximately $109,000.

A number of other hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC grew its holdings in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in shares of KeyCorp in the first quarter worth about $25,000. American Capital Advisory LLC bought a new position in shares of KeyCorp in the third quarter worth about $28,000. Larson Financial Group LLC grew its holdings in shares of KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 918 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new position in shares of KeyCorp in the third quarter worth about $35,000. Institutional investors own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 directly owns 37,864 shares of the company’s stock, valued at $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

KeyCorp Stock Performance

KEY stock opened at $19.52 on Friday. The firm has a market cap of $19.35 billion, a price-to-earnings ratio of 1,952.00, a PEG ratio of 1.08 and a beta of 1.24. The firm has a 50-day simple moving average of $17.79 and a two-hundred day simple moving average of $16.08. KeyCorp has a one year low of $11.64 and a one year high of $20.04. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. On average, equities analysts forecast that KeyCorp will post 1.09 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Tuesday, December 3rd. KeyCorp’s payout ratio is currently 8,200.00%.

Analyst Ratings Changes

A number of research firms have recently commented on KEY. UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Jefferies Financial Group upped their price target on shares of KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 19th. The Goldman Sachs Group upped their price target on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Barclays upped their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and a consensus target price of $18.26.

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.