KeyCorp (NYSE:KEY) Shares Bought by Harrington Investments INC

Harrington Investments INC grew its holdings in shares of KeyCorp (NYSE:KEY – Get Rating) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,306 shares of the financial services provider’s stock after purchasing an additional 6,715 shares during the period. Harrington Investments INC’s holdings in KeyCorp were worth $702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Guardian Wealth Advisors LLC bought a new position in shares of KeyCorp during the third quarter worth about $25,000. Brown Brothers Harriman & Co. grew its position in shares of KeyCorp by 93.0% during the second quarter. Brown Brothers Harriman & Co. now owns 1,631 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 786 shares during the last quarter. CNB Bank grew its position in shares of KeyCorp by 3,380.8% during the second quarter. CNB Bank now owns 1,810 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 1,758 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of KeyCorp during the first quarter worth about $38,000. Finally, Point72 Hong Kong Ltd bought a new position in KeyCorp in the 1st quarter valued at about $40,000. 82.11% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KeyCorp

In related news, Director Ruth Ann M. Gillis purchased 2,000 shares of KeyCorp stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $12.95 per share, with a total value of $25,900.00. Following the completion of the transaction, the director now directly owns 42,961 shares of the company’s stock, valued at $556,344.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ruth Ann M. Gillis purchased 2,000 shares of KeyCorp stock in a transaction dated Tuesday, March 14th. The stock was acquired at an average cost of $12.95 per share, with a total value of $25,900.00. Following the completion of the transaction, the director now directly owns 42,961 shares of the company’s stock, valued at $556,344.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela G. Mago sold 5,352 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was sold at an average price of $19.95, for a total transaction of $106,772.40. Following the completion of the sale, the insider now directly owns 194,280 shares of the company’s stock, valued at $3,875,886. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays upgraded shares of KeyCorp from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $21.00 to $24.00 in a research report on Tuesday, January 3rd. JPMorgan Chase & Co. decreased their target price on shares of KeyCorp from $17.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, January 23rd. DA Davidson assumed coverage on shares of KeyCorp in a research report on Tuesday, December 20th. They issued a “buy” rating and a $20.00 target price for the company. Morgan Stanley decreased their target price on shares of KeyCorp from $22.00 to $21.00 and set an “equal weight” rating for the company in a research report on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of KeyCorp from $23.00 to $20.00 in a report on Friday, January 6th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $19.87.

KeyCorp Trading Down 6.1 %

KEY stock traded down $0.75 during mid-day trading on Friday, reaching $11.53. 70,675,976 shares of the stock traded hands, compared to its average volume of 27,399,200. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.76. KeyCorp has a 52-week low of $9.60 and a 52-week high of $24.62. The company has a market cap of $10.74 billion, a P/E ratio of 6.01, a P/E/G ratio of 1.03 and a beta of 1.31. The stock’s fifty day moving average is $17.81 and its 200-day moving average is $17.64.

KeyCorp (NYSE:KEY – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.17). KeyCorp had a net margin of 22.46% and a return on equity of 15.27%. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, sell-side analysts expect that KeyCorp will post 1.99 earnings per share for the current year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Monday, February 27th. KeyCorp’s dividend payout ratio (DPR) is 42.71%.

About KeyCorp

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KeyCorp is a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.