KeyCorp (KEY) Position Raised by GSA Capital Partners LLP

GSA Capital Partners LLP lifted its holdings in shares of KeyCorp (NYSE:KEY) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,286 shares of the financial services provider’s stock after buying an additional 8,937 shares during the period. GSA Capital Partners LLP’s holdings in KeyCorp were worth $965,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation boosted its position in KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 5,466 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in KeyCorp in the third quarter worth about $132,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in KeyCorp in the third quarter worth about $145,000. Sun Life Financial INC boosted its position in KeyCorp by 80,370.0% in the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 8,037 shares during the last quarter. Finally, AllSquare Wealth Management LLC purchased a new position in KeyCorp in the third quarter worth about $173,000. 80.91% of the stock is currently owned by institutional investors.

KEY has been the topic of several research reports. Zacks Investment Research raised KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley reissued an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a research report on Thursday, December 14th. ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised their target price on KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Robert W. Baird reissued a “hold” rating and issued a $18.00 target price on shares of KeyCorp in a research report on Friday, October 6th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.28.

In related news, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of KeyCorp stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the sale, the director now directly owns 68,725 shares in the company, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,212 shares of company stock worth $1,060,508. Insiders own 0.65% of the company’s stock.

KeyCorp (KEY) opened at $20.44 on Tuesday. KeyCorp has a 12-month low of $16.28 and a 12-month high of $20.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market capitalization of $21,981.17, a PE ratio of 17.93, a PEG ratio of 1.86 and a beta of 1.10.

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

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were given 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 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date was Monday, November 27th. KeyCorp’s payout ratio is presently 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.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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