257,514 Shares in KeyCorp (NYSE:KEY) Purchased by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC purchased a new stake in KeyCorp (NYSE:KEY - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 257,514 shares of the financial services provider's stock, valued at approximately $4,118,000.

Several other hedge funds have also recently bought and sold shares of KEY. Whittier Trust Co. raised its stake in shares of KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 800 shares during the period. Fourth Dimension Wealth LLC purchased a new stake in shares of KeyCorp during the fourth quarter valued at approximately $28,000. Allworth Financial LP raised its stake in shares of KeyCorp by 246.9% during the first quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 1,543 shares during the period. FSC Wealth Advisors LLC purchased a new stake in shares of KeyCorp during the first quarter valued at approximately $34,000. Finally, TCTC Holdings LLC raised its stake in shares of KeyCorp by 38.6% during the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 611 shares during the period. Hedge funds and other institutional investors own 79.69% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on KEY. Bank of America lifted their price objective on shares of KeyCorp from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Royal Bank Of Canada reiterated an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. Cowen began coverage on shares of KeyCorp in a report on Wednesday, May 14th. They issued a "hold" rating on the stock. Barclays cut their price target on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Finally, Baird R W cut shares of KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Eleven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.18.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 5,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total transaction of $83,000.00. Following the completion of the transaction, the director owned 37,177 shares in the company, valued at approximately $617,138.20. This represents a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mohit Ramani acquired 10,000 shares of KeyCorp stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $13.75 per share, with a total value of $137,500.00. Following the acquisition, the insider directly owned 10,000 shares of the company's stock, valued at approximately $137,500. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.52% of the company's stock.

KeyCorp Stock Performance

Shares of KeyCorp stock traded down $0.15 during trading on Friday, hitting $18.34. 14,371,447 shares of the stock were exchanged, compared to its average volume of 13,182,959. The stock's fifty day moving average is $16.52 and its 200 day moving average is $16.37. The stock has a market cap of $20.10 billion, a PE ratio of -107.88, a P/E/G ratio of 0.69 and a beta of 1.11. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.83 and a current ratio of 0.84. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.77 billion. KeyCorp had a negative net margin of 0.12% and a positive return on equity of 9.43%. During the same quarter in the prior year, the firm earned $0.20 earnings per share. As a group, sell-side analysts anticipate that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $0.82 annualized dividend and a dividend yield of 4.47%. KeyCorp's dividend payout ratio is currently -482.35%.

KeyCorp Profile

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; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.