Centaurus Financial Inc. Acquires New Stake in KeyCorp (KEY)

Centaurus Financial Inc. purchased a new position in shares of KeyCorp (NYSE:KEY) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,167 shares of the financial services provider’s stock, valued at approximately $427,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its position in KeyCorp by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock worth $466,000 after acquiring an additional 216 shares in the last quarter. Mycio Wealth Partners LLC raised its position in KeyCorp by 17.1% during the fourth quarter. Mycio Wealth Partners LLC now owns 17,116 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 2,500 shares in the last quarter. New Mexico Educational Retirement Board raised its position in KeyCorp by 2.6% during the fourth quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock worth $2,108,000 after acquiring an additional 2,600 shares in the last quarter. Dividend Assets Capital LLC raised its position in KeyCorp by 11.7% during the fourth quarter. Dividend Assets Capital LLC now owns 27,335 shares of the financial services provider’s stock worth $551,000 after acquiring an additional 2,860 shares in the last quarter. Finally, Trillium Asset Management LLC raised its position in KeyCorp by 0.3% during the third quarter. Trillium Asset Management LLC now owns 916,578 shares of the financial services provider’s stock worth $17,250,000 after acquiring an additional 2,896 shares in the last quarter. 81.08% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp (NYSE KEY) opened at $21.05 on Thursday. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.22. The company has a market cap of $22,397.31, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the company earned $0.31 earnings per share. equities research analysts predict that KeyCorp will post 1.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.

In related news, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the transaction, the insider now owns 51,791 shares in the company, valued at $1,098,487.11. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Several analysts have issued reports on the stock. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.00 to $24.00 in a research report on Thursday, January 25th. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. Sandler O’Neill reaffirmed a “hold” rating and set a $21.50 price target on shares of KeyCorp in a research report on Friday, January 19th. DA Davidson upped their price target on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $25.00 price target on shares of KeyCorp in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $22.07.

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KeyCorp Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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