KeyCorp (NYSE:KEY) Shares Sold by TRUE Private Wealth Advisors

TRUE Private Wealth Advisors trimmed its holdings in KeyCorp (NYSE:KEY) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,989 shares of the financial services provider’s stock after selling 1,621 shares during the quarter. TRUE Private Wealth Advisors’ holdings in KeyCorp were worth $1,139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. boosted its stake in shares of KeyCorp by 13.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 49,007 shares of the financial services provider’s stock worth $775,000 after buying an additional 5,824 shares during the period. Swedbank AB purchased a new position in shares of KeyCorp in the 1st quarter valued at approximately $8,203,000. PGGM Investments acquired a new position in shares of KeyCorp in the first quarter valued at approximately $179,000. Cetera Investment Advisers raised its stake in shares of KeyCorp by 274.4% during the first quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider’s stock worth $5,251,000 after purchasing an additional 243,437 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of KeyCorp by 116.4% during the first quarter. Cetera Advisors LLC now owns 155,448 shares of the financial services provider’s stock worth $2,458,000 after purchasing an additional 83,601 shares during the period. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insider Buying and Selling

In other KeyCorp 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 transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now directly owns 234,582 shares of the company’s stock, 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. 0.61% of the stock is currently owned by company insiders.

KeyCorp Trading Down 0.2 %

Shares of KEY stock opened at $19.48 on Friday. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 1,948.00, a PEG ratio of 1.07 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. The firm has a 50-day moving average price of $17.83 and a 200 day moving average price of $16.11. KeyCorp has a twelve month low of $12.22 and a twelve month 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 for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that KeyCorp will post 1.09 earnings per share for the current fiscal year.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be paid a $0.205 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a yield of 4.21%. KeyCorp’s payout ratio is currently 8,200.00%.

Analyst Ratings Changes

KEY has been the subject of a number of analyst reports. Citigroup downgraded shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, November 7th. Barclays increased their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $17.00 in a report on Monday, October 14th. DA Davidson raised their price target on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Finally, Morgan Stanley increased their price objective on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and an average 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.