KeyCorp (NYSE:KEY) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in KeyCorp (NYSE:KEYFree Report) by 8.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 88,612 shares of the financial services provider’s stock after buying an additional 6,796 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in KeyCorp were worth $953,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of KeyCorp by 1.2% in the 1st 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 period. BlackRock Inc. lifted its holdings in shares of KeyCorp by 4.7% in the 2nd 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 period. State Street Corp lifted its holdings in shares of KeyCorp by 2.6% in the 2nd 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 period. Charles Schwab Investment Management Inc. lifted its holdings in shares of KeyCorp by 16.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,126,760 shares of the financial services provider’s stock valued at $248,844,000 after buying an additional 3,216,584 shares during the period. Finally, Royal Bank of Canada lifted its holdings in shares of KeyCorp by 0.6% in the 1st 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 period. 77.77% of the stock is owned by institutional investors and hedge funds.

KeyCorp Price Performance

KEY stock opened at $14.13 on Tuesday. The stock has a 50-day moving average price of $14.15 and a two-hundred day moving average price of $12.21. KeyCorp has a 12-month low of $8.53 and a 12-month high of $19.65. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.61. The company has a market cap of $13.23 billion, a PE ratio of 15.88 and a beta of 1.29.

KeyCorp (NYSE:KEYGet Free Report) last posted its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the business earned $0.38 earnings per share. As a group, research analysts predict that KeyCorp will post 1.22 EPS for the current year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio is presently 92.13%.

Insiders Place Their Bets

In other KeyCorp news, CAO Douglas M. Schosser sold 14,383 shares of the business’s 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 owns 19,795 shares in the company, valued at $264,659.15. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on KEY. Piper Sandler raised their price target on KeyCorp from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Raymond James began coverage on KeyCorp in a report on Monday, January 8th. They set a “market perform” rating for the company. Barclays reduced their price objective on KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, January 19th. Royal Bank of Canada lifted their price objective on KeyCorp from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, January 19th. Finally, Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

View Our Latest Stock Report on KeyCorp

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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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