NEOS Investment Management LLC Buys New Holdings in KeyCorp (NYSE:KEY)

NEOS Investment Management LLC bought a new stake in KeyCorp (NYSE:KEYFree Report) during the fourth quarter, HoldingsChannel reports. The fund bought 13,260 shares of the financial services provider’s stock, valued at approximately $191,000.

A number of other large investors have also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in KeyCorp in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC boosted its position in KeyCorp by 3,600.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,836 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in KeyCorp in the 3rd quarter worth approximately $28,000. First United Bank & Trust purchased a new stake in KeyCorp in the 4th quarter worth approximately $29,000. Finally, Baldwin Brothers LLC MA purchased a new stake in KeyCorp in the 4th quarter worth approximately $35,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on KEY. Evercore ISI upped their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Keefe, Bruyette & Woods upped their price objective on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Argus increased their target price on KeyCorp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Wells Fargo & Company increased their target price on KeyCorp from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Finally, Royal Bank of Canada increased their target price on KeyCorp from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Get Our Latest Stock Analysis on KeyCorp

KeyCorp Price Performance

NYSE KEY opened at $13.93 on Friday. The business has a fifty day moving average price of $14.75 and a 200 day moving average price of $14.34. KeyCorp has a one year low of $9.10 and a one year high of $15.86. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $13.13 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.67 and a beta of 1.28.

KeyCorp (NYSE:KEYGet Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was down 10.6% compared to the same quarter last year. Research analysts anticipate that KeyCorp will post 1.14 EPS for the current fiscal year.

KeyCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Tuesday, May 28th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.89%. The ex-dividend date of this dividend is Friday, May 24th. KeyCorp’s dividend payout ratio (DPR) is presently 103.80%.

KeyCorp 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; 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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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