Atria Wealth Solutions Inc. Has $2.20 Million Stock Holdings in KeyCorp (NYSE:KEY)

Atria Wealth Solutions Inc. lessened its position in KeyCorp (NYSE:KEYFree Report) by 4.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 204,609 shares of the financial services provider’s stock after selling 8,478 shares during the period. Atria Wealth Solutions Inc.’s holdings in KeyCorp were worth $2,202,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of KeyCorp by 1.2% during the first quarter. Vanguard Group Inc. now owns 111,201,600 shares of the financial services provider’s stock valued at $2,488,691,000 after buying an additional 1,278,193 shares during the last quarter. BlackRock Inc. boosted its position in shares of KeyCorp by 4.7% during the second quarter. BlackRock Inc. now owns 93,937,195 shares of the financial services provider’s stock valued at $867,980,000 after buying an additional 4,177,314 shares during the last quarter. State Street Corp boosted its position in shares of KeyCorp by 2.6% during the second quarter. State Street Corp now owns 47,193,025 shares of the financial services provider’s stock valued at $436,064,000 after buying an additional 1,194,413 shares during the last quarter. Royal Bank of Canada boosted its position in shares of KeyCorp by 0.6% during the first quarter. Royal Bank of Canada now owns 21,965,131 shares of the financial services provider’s stock valued at $491,578,000 after buying an additional 136,741 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of KeyCorp by 5.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 19,910,176 shares of the financial services provider’s stock valued at $183,970,000 after buying an additional 1,098,252 shares during the last quarter. Institutional investors and hedge funds own 77.77% of the company’s stock.

KeyCorp Stock Performance

NYSE:KEY opened at $13.89 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.86 and a current ratio of 0.86. KeyCorp has a 52-week low of $8.53 and a 52-week high of $19.65. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 15.61 and a beta of 1.29. The business’s fifty day moving average is $14.14 and its 200 day moving average is $12.19.

KeyCorp (NYSE:KEYGet Free Report) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company earned $0.38 EPS. Research analysts predict that KeyCorp will post 1.23 EPS for the current year.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.205 per share. The ex-dividend date is Monday, February 26th. This represents a $0.82 annualized dividend and a dividend yield of 5.90%. KeyCorp’s dividend payout ratio (DPR) is presently 92.13%.

Insider Activity

In other news, CAO Douglas M. Schosser sold 14,383 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $13.37, for a total transaction of $192,300.71. Following the transaction, the chief accounting officer now directly owns 19,795 shares in the company, valued at approximately $264,659.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KEY shares. Wedbush cut their target price on KeyCorp from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, January 19th. Raymond James initiated coverage on KeyCorp in a research report on Monday, January 8th. They issued a “market perform” rating on the stock. Barclays cut their price objective on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday, January 19th. Wells Fargo & Company boosted their price objective on KeyCorp from $12.00 to $16.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Finally, The Goldman Sachs Group boosted their target price on KeyCorp from $13.50 to $15.00 and gave the company a “buy” rating in a research note on Monday, December 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Read Our Latest Research Report on KEY

KeyCorp Company Profile

(Free Report)

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; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

Further Reading

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.