Nwam LLC Buys 2,821 Shares of KeyCorp (NYSE:KEY)

Nwam LLC lifted its stake in shares of KeyCorp (NYSE:KEY) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,719 shares of the financial services provider’s stock after purchasing an additional 2,821 shares during the quarter. Nwam LLC’s holdings in KeyCorp were worth $314,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in KEY. Raymond James Trust N.A. increased its stake in KeyCorp by 54.9% during the 3rd quarter. Raymond James Trust N.A. now owns 46,721 shares of the financial services provider’s stock valued at $783,000 after purchasing an additional 16,566 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in KeyCorp by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,606,503 shares of the financial services provider’s stock valued at $529,409,000 after acquiring an additional 993,942 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in KeyCorp by 164.9% during the 3rd 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 purchasing an additional 2,900,971 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of KeyCorp in the third quarter worth approximately $582,000. Finally, Premier Fund Managers Ltd purchased a new position in shares of KeyCorp during the third quarter valued at approximately $6,949,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KEY has been the topic of a number of analyst reports. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. DA Davidson upped their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup cut shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday, November 7th. UBS Group upped their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.03.

KeyCorp Stock Performance

Shares of KEY stock opened at $19.81 on Tuesday. The firm’s 50 day moving average is $17.62 and its 200 day moving average is $16.00. The stock has a market capitalization of $19.64 billion, a P/E ratio of 1,981.00, a PEG ratio of 1.08 and a beta of 1.24. KeyCorp has a 12 month low of $11.64 and a 12 month high of $20.04. 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) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS 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 during the quarter, compared to analyst estimates of $1.59 billion. On average, sell-side analysts anticipate that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Tuesday, December 3rd. 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 stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 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 disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

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.