KeyCorp (KEY) Stake Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in KeyCorp (NYSE:KEY) by 24.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,963 shares of the financial services provider’s stock after purchasing an additional 18,181 shares during the period. Janney Montgomery Scott LLC’s holdings in KeyCorp were worth $1,768,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of KEY. Zions Bancorporation boosted its stake in shares of KeyCorp by 2,277.5% in the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 5,466 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of KeyCorp in the 3rd quarter valued at $132,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of KeyCorp in the 3rd quarter valued at $145,000. Sun Life Financial INC boosted its stake in shares of KeyCorp by 80,370.0% in the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 8,037 shares in the last quarter. Finally, AllSquare Wealth Management LLC acquired a new stake in shares of KeyCorp in the 3rd quarter valued at $173,000. Institutional investors own 80.91% of the company’s stock.

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.50 target price on shares of KeyCorp in a research note on Thursday, December 14th. Morgan Stanley reiterated an “overweight” rating and set a $23.00 price target on shares of KeyCorp in a research report on Thursday, December 14th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target on the stock in a research report on Thursday, December 14th. CIBC reiterated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Finally, ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. KeyCorp currently has an average rating of “Buy” and a consensus price target of $21.28.

In other KeyCorp news, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the sale, the director now directly owns 68,725 shares of the company’s stock, valued at approximately $1,263,852.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth R. Gile acquired 1,374 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the acquisition, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 over the last three months. Company insiders own 0.65% of the company’s stock.

Shares of KeyCorp (NYSE:KEY) opened at $20.16 on Tuesday. The firm has a market capitalization of $21,249.90, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. KeyCorp has a twelve month low of $16.28 and a twelve month high of $20.19. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. equities analysts anticipate that KeyCorp will post 1.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th were issued a dividend of $0.105 per share. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Monday, November 27th. KeyCorp’s payout ratio is currently 36.84%.

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About KeyCorp

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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