Manning & Napier Group LLC boosted its position in KeyCorp (NYSE:KEY) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 280,234 shares of the financial services provider’s stock after buying an additional 11,839 shares during the quarter. Manning & Napier Group LLC’s holdings in KeyCorp were worth $4,140,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of KeyCorp by 3.3% during the second quarter. FMR LLC now owns 12,512,784 shares of the financial services provider’s stock valued at $244,500,000 after purchasing an additional 401,074 shares in the last quarter. Schroder Investment Management Group increased its stake in shares of KeyCorp by 418.2% in the second quarter. Schroder Investment Management Group now owns 3,086,919 shares of the financial services provider’s stock worth $60,504,000 after purchasing an additional 2,491,167 shares in the last quarter. Chemung Canal Trust Co. purchased a new position in shares of KeyCorp in the third quarter worth about $315,000. Jaffetilchin Investment Partners LLC purchased a new position in KeyCorp during the third quarter valued at approximately $329,000. Finally, Pennsylvania Trust Co grew its stake in KeyCorp by 7.6% during the third quarter. Pennsylvania Trust Co now owns 447,896 shares of the financial services provider’s stock valued at $8,909,000 after acquiring an additional 31,480 shares in the last quarter. 79.96% of the stock is owned by institutional investors.
Shares of KeyCorp stock opened at $16.97 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $17.56 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.55 and a beta of 1.19. KeyCorp has a 52 week low of $13.65 and a 52 week high of $22.40.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Tuesday, March 5th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 4.01%. KeyCorp’s dividend payout ratio (DPR) is presently 39.31%.
Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, December 3rd. BMO Capital Markets downgraded shares of KeyCorp from an “outperform” rating to a “market perform” rating and set a $17.00 price objective on the stock. in a research report on Friday, January 18th. Wedbush downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and set a $16.63 target price on the stock. in a research report on Monday, February 4th. They noted that the move was a valuation call. Scotiabank reiterated a “hold” rating on shares of KeyCorp in a research note on Friday, November 9th. Finally, Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $22.01.
KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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