Charles Schwab Investment Management Inc. boosted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,606,503 shares of the financial services provider's stock after acquiring an additional 993,942 shares during the period. Charles Schwab Investment Management Inc. owned 3.19% of KeyCorp worth $529,409,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its position in shares of KeyCorp by 280.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider's stock valued at $83,364,000 after acquiring an additional 3,668,168 shares during the period. Ceredex Value Advisors LLC raised its position in KeyCorp by 112.4% in the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock worth $94,459,000 after purchasing an additional 3,517,755 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of KeyCorp by 108.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider's stock valued at $98,025,000 after purchasing an additional 3,042,060 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in KeyCorp by 164.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider's stock valued at $78,066,000 after acquiring an additional 2,900,971 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of KeyCorp by 279.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider's stock valued at $63,452,000 after purchasing an additional 2,790,192 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.
NYSE KEY opened at $19.25 on Friday. The firm's fifty day moving average price is $17.48 and its two-hundred day moving average price is $15.92. KeyCorp has a 1 year low of $11.64 and a 1 year high of $20.00. The firm has a market capitalization of $19.08 billion, a P/E ratio of 1,925.00, a price-to-earnings-growth ratio of 1.05 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 - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. As a group, research analysts anticipate that KeyCorp will post 1.09 EPS for the current year.
The firm also recently declared 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. This represents a $0.82 dividend on an annualized basis and a yield of 4.26%. KeyCorp's dividend payout ratio (DPR) is presently 8,200.00%.
A number of equities analysts have commented on KEY shares. Jefferies Financial Group boosted their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a "buy" rating in a research report on Monday, August 19th. Royal Bank of Canada boosted their target price 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. DA Davidson lifted their target price on KeyCorp from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, October 21st. Wedbush lifted their price target 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. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $18.03.
Read Our Latest Report on KeyCorp
In other news, 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction 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 sale, 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 disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.
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.
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