KeyCorp (NYSE:KEY) Shares Acquired by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its position in KeyCorp (NYSE:KEY) by 54.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,721 shares of the financial services provider’s stock after acquiring an additional 16,566 shares during the quarter. Raymond James Trust N.A.’s holdings in KeyCorp were worth $783,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KEY. Pathway Financial Advisers LLC acquired a new position in KeyCorp in the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its position in KeyCorp by 285.5% during the 3rd 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. American Capital Advisory LLC acquired a new position in KeyCorp in the 3rd quarter valued at about $28,000. Catalyst Capital Advisors LLC acquired a new position in shares of KeyCorp in the third quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in KeyCorp in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 1.1 %

KeyCorp stock opened at $19.81 on Tuesday. The stock has a 50-day moving average price of $17.62 and a 200 day moving average price of $16.00. KeyCorp has a 52 week low of $11.64 and a 52 week high of $20.04. The stock has a market cap of $19.64 billion, a PE ratio of 1,981.00, a P/E/G ratio of 1.08 and a beta of 1.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09.

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

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 3rd. KeyCorp’s dividend payout ratio is presently 8,200.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KEY shares. Wells Fargo & Company boosted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. DA Davidson increased their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Royal Bank of Canada upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Wedbush upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.03.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 19.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Angela G. Mago sold 15,011 shares of the firm’s 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 sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

About KeyCorp

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.