KeyCorp (NYSE:KEY) Shares Sold by iA Global Asset Management Inc.

iA Global Asset Management Inc. lowered its holdings in KeyCorp (NYSE:KEY) by 19.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,321 shares of the financial services provider’s stock after selling 16,575 shares during the quarter. iA Global Asset Management Inc.’s holdings in KeyCorp were worth $1,144,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC lifted its stake in shares of KeyCorp by 171.5% in the second quarter. SG Americas Securities LLC now owns 297,620 shares of the financial services provider’s stock valued at $4,229,000 after purchasing an additional 188,010 shares during the period. Czech National Bank lifted its position in shares of KeyCorp by 9.0% during the 2nd quarter. Czech National Bank now owns 179,670 shares of the financial services provider’s stock valued at $2,553,000 after acquiring an additional 14,902 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KeyCorp by 4.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 81,879 shares of the financial services provider’s stock worth $1,164,000 after acquiring an additional 3,306 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of KeyCorp by 64.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 29,279 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 11,505 shares during the period. Finally, PGGM Investments increased its stake in KeyCorp by 35.3% in the 2nd quarter. PGGM Investments now owns 15,303 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 3,995 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Stock Performance

NYSE KEY opened at $18.55 on Tuesday. The business’s 50-day moving average price is $18.10 and its 200 day moving average price is $16.28. 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 has a twelve month low of $12.94 and a twelve month high of $20.04. The company has a market capitalization of $18.38 billion, a PE ratio of 1,854.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25.

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

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.42%. KeyCorp’s dividend payout ratio is presently 8,200.00%.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated 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 owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares in the company, valued at approximately $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.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Keefe, Bruyette & Woods boosted their target price on KeyCorp from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Wedbush increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Wells Fargo & Company upped their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays raised their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and a consensus price target of $19.16.

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.