Strs Ohio Sells 95,742 Shares of KeyCorp $KEY

Strs Ohio decreased its holdings in shares of KeyCorp (NYSE:KEY) by 80.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,611 shares of the financial services provider’s stock after selling 95,742 shares during the period. Strs Ohio’s holdings in KeyCorp were worth $423,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of KeyCorp in the 4th quarter worth approximately $476,000. Woodline Partners LP increased its holdings in shares of KeyCorp by 41.4% during the first quarter. Woodline Partners LP now owns 84,156 shares of the financial services provider’s stock valued at $1,346,000 after acquiring an additional 24,627 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of KeyCorp by 17.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 195,914 shares of the financial services provider’s stock worth $3,413,000 after purchasing an additional 29,652 shares during the last quarter. Greenleaf Trust boosted its stake in KeyCorp by 5.7% in the 2nd quarter. Greenleaf Trust now owns 12,738 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 691 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. grew its position in KeyCorp by 4.1% during the 2nd quarter. ASR Vermogensbeheer N.V. now owns 77,970 shares of the financial services provider’s stock valued at $1,358,000 after purchasing an additional 3,087 shares during the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KeyCorp

In related news, Director Trina M. Evans sold 32,695 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total value of $710,789.30. Following the transaction, the director owned 58,719 shares of the company’s stock, valued at approximately $1,276,551.06. This trade represents a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

KeyCorp Price Performance

NYSE KEY opened at $21.51 on Friday. The stock has a market capitalization of $23.50 billion, a price-to-earnings ratio of 14.15, a PEG ratio of 0.53 and a beta of 1.09. KeyCorp has a 1-year low of $12.73 and a 1-year high of $22.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.82. The business’s fifty day moving average price is $20.52 and its 200-day moving average price is $19.02.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. KeyCorp’s revenue for the quarter was up 131.8% compared to the same quarter last year. On average, equities analysts predict that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, March 3rd. KeyCorp’s dividend payout ratio is 53.95%.

Analysts Set New Price Targets

KEY has been the topic of several analyst reports. Citigroup reiterated a “neutral” rating on shares of KeyCorp in a research note on Wednesday, December 31st. The Goldman Sachs Group upped their price objective on KeyCorp from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. JPMorgan Chase & Co. increased their target price on KeyCorp from $19.50 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Truist Financial boosted their price target on KeyCorp from $22.00 to $23.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, DA Davidson set a $25.00 price target on KeyCorp in a report on Wednesday, January 21st. Eleven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.68.

KeyCorp Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.