O Shaughnessy Asset Management LLC Purchases 1,444,414 Shares of KeyCorp (NYSE:KEY)

O Shaughnessy Asset Management LLC lifted its position in shares of KeyCorp (NYSE:KEYGet Rating) by 741.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,639,099 shares of the financial services provider’s stock after purchasing an additional 1,444,414 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.18% of KeyCorp worth $37,913,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Sonora Investment Management LLC lifted its position in KeyCorp by 18.6% in the 3rd quarter. Sonora Investment Management LLC now owns 3,042 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 476 shares in the last quarter. Stevens Capital Management LP lifted its position in KeyCorp by 4.5% in the 4th quarter. Stevens Capital Management LP now owns 11,187 shares of the financial services provider’s stock valued at $259,000 after acquiring an additional 482 shares in the last quarter. Quadrant Capital Group LLC lifted its position in KeyCorp by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 6,957 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 526 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in KeyCorp by 5.4% in the 4th quarter. Orion Portfolio Solutions LLC now owns 10,435 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 536 shares in the last quarter. Finally, Heritage Trust Co lifted its position in KeyCorp by 5.9% in the 4th quarter. Heritage Trust Co now owns 10,233 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 570 shares in the last quarter. 83.24% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of KeyCorp from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $27.00 in a research note on Monday, April 11th. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research note on Friday, January 28th. StockNews.com began coverage on shares of KeyCorp in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Odeon Capital Group lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 26th. Finally, Credit Suisse Group upgraded shares of KeyCorp from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KeyCorp presently has an average rating of “Buy” and a consensus price target of $26.31.

KEY traded down $0.15 on Thursday, reaching $18.36. The company had a trading volume of 9,430,412 shares, compared to its average volume of 9,644,823. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a market cap of $17.12 billion, a P/E ratio of 7.44, a P/E/G ratio of 0.46 and a beta of 1.33. KeyCorp has a fifty-two week low of $17.90 and a fifty-two week high of $27.17. The company’s fifty day moving average is $21.26 and its 200 day moving average is $23.25.

KeyCorp (NYSE:KEYGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.04). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. KeyCorp had a net margin of 31.30% and a return on equity of 15.42%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. On average, sell-side analysts expect that KeyCorp will post 2.21 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, May 27th. KeyCorp’s dividend payout ratio (DPR) is presently 31.58%.

In other news, Director Carlton L. Highsmith sold 5,362 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $22.86, for a total transaction of $122,575.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.54% of the company’s stock.

KeyCorp Company Profile (Get Rating)

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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