KeyCorp (NYSE:KEY) Shares Acquired by Bokf Na

Bokf Na increased its stake in KeyCorp (NYSE:KEY) by 4,418.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,075 shares of the financial services provider’s stock after purchasing an additional 193,691 shares during the quarter. Bokf Na’s holdings in KeyCorp were worth $3,068,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. First United Bank & Trust purchased a new position in KeyCorp during the 4th quarter valued at about $29,000. Crewe Advisors LLC purchased a new stake in KeyCorp in the 1st quarter valued at approximately $32,000. Quarry LP acquired a new stake in KeyCorp during the 4th quarter valued at $38,000. Turtle Creek Wealth Advisors LLC purchased a new position in KeyCorp during the fourth quarter worth $39,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of KeyCorp in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KEY shares. UBS Group downgraded KeyCorp from a “buy” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $15.00 in a research report on Monday, July 8th. Royal Bank of Canada raised their price target on shares of KeyCorp from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Argus boosted their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Wedbush raised their target price on shares of KeyCorp from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Finally, Evercore ISI reduced their price objective on KeyCorp from $17.50 to $16.50 and set an “outperform” rating on the stock in a research note on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.13.

KeyCorp Stock Performance

NYSE:KEY traded down $0.13 during midday trading on Monday, reaching $16.33. 1,535,177 shares of the company traded hands, compared to its average volume of 14,798,708. KeyCorp has a twelve month low of $9.50 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85. The company has a fifty day moving average price of $14.46 and a 200 day moving average price of $14.57. The firm has a market capitalization of $15.40 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 0.89 and a beta of 1.26.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.27 EPS. KeyCorp’s revenue was down 4.3% on a year-over-year basis. On average, analysts expect that KeyCorp will post 1.12 EPS for the current fiscal year.

KeyCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th 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 5.02%. The ex-dividend date of this dividend is Tuesday, August 27th. KeyCorp’s dividend payout ratio is currently 103.80%.

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.