191,059 Shares in KeyCorp $KEY Acquired by Catherine Avery Investment Management LLC

Catherine Avery Investment Management LLC acquired a new stake in KeyCorp (NYSE:KEY) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 191,059 shares of the financial services provider’s stock, valued at approximately $3,943,000. KeyCorp comprises about 2.4% of Catherine Avery Investment Management LLC’s portfolio, making the stock its 27th biggest holding.

Several other institutional investors have also added to or reduced their stakes in KEY. United Community Bank bought a new stake in KeyCorp during the third quarter worth $27,000. GoalVest Advisory LLC bought a new position in shares of KeyCorp in the 4th quarter valued at $30,000. Sachetta LLC increased its stake in shares of KeyCorp by 1,246.1% in the 3rd quarter. Sachetta LLC now owns 1,723 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 1,595 shares during the last quarter. Kelleher Financial Advisors acquired a new position in shares of KeyCorp during the 3rd quarter worth $32,000. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of KeyCorp during the 2nd quarter worth $36,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on KEY. Argus raised their price objective on KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings raised KeyCorp from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, February 25th. Stephens increased their target price on shares of KeyCorp from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, December 18th. Wells Fargo & Company set a $18.00 price target on shares of KeyCorp and gave the company an “underperform” rating in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada lifted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and an average price target of $23.03.

KeyCorp Trading Up 1.0%

NYSE KEY opened at $19.26 on Friday. The company has a market cap of $20.98 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. KeyCorp has a twelve month low of $12.73 and a twelve month high of $23.34. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.55. The business’s fifty day moving average is $21.12 and its 200 day moving average is $19.66.

KeyCorp (NYSE:KEY) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.The business’s revenue for the quarter was up 131.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. As a group, sell-side analysts expect that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd were paid a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, March 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.3%. KeyCorp’s dividend payout ratio is currently 53.95%.

Insider Activity

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 completion of the transaction, the director owned 58,719 shares in the company, valued at $1,276,551.06. This trade represents a 35.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew J. Paine III sold 65,961 shares of KeyCorp stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the sale, the insider owned 166,583 shares in the company, valued at approximately $3,869,723.09. This represents a 28.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,506 shares of company stock valued at $3,597,481 over the last quarter. 0.52% of the stock is owned by company insiders.

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.