Harvest Fund Management Co. Ltd Purchases 6,725 Shares of KeyCorp (NYSE:KEY)

Harvest Fund Management Co. Ltd increased its position in shares of KeyCorp (NYSE:KEY) by 1,076.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,350 shares of the financial services provider’s stock after buying an additional 6,725 shares during the period. Harvest Fund Management Co. Ltd’s holdings in KeyCorp were worth $123,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of KeyCorp during the 1st quarter worth about $25,000. Wolff Wiese Magana LLC increased its position in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the period. American Capital Advisory LLC acquired a new position in shares of KeyCorp during the third quarter worth approximately $28,000. Larson Financial Group LLC boosted its position 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 valued at $32,000 after acquiring an additional 918 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp in the third quarter valued at approximately $35,000. Institutional investors own 79.69% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the director now owns 37,864 shares in the company, valued at $648,988.96. This represents a 19.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were 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 $4,595,461.38. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

KeyCorp Stock Down 0.7 %

Shares of NYSE KEY opened at $19.52 on Thursday. KeyCorp has a 52-week low of $11.64 and a 52-week 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. The business has a fifty day moving average of $17.74 and a two-hundred day moving average of $16.06. The stock has a market cap of $19.35 billion, a PE ratio of 1,952.00, a PEG ratio of 1.09 and a beta of 1.24.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.03. The firm 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%. As a group, equities research analysts expect 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. Stockholders of record on Tuesday, December 3rd will be issued 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

Several equities analysts recently commented on KEY shares. UBS Group upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upped their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Morgan Stanley lifted their target price on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group upped their price target on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.26.

KeyCorp Company 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.