74,883 Shares in KeyCorp (NYSE:KEY) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new stake in KeyCorp by purchasing 74,883 shares valued at approximately $1,197,000 during the first quarter.
• Insider trading at KeyCorp included director Carlton L. Highsmith selling 5,000 shares for $83,000, resulting in an 11.85% decrease in ownership, while less than 1% of the stock is currently owned by corporate insiders.
• KeyCorp announced a quarterly dividend of $0.205, set to be paid on September 15th, translating to an annualized yield of 4.7%.

ASR Vermogensbeheer N.V. bought a new position in KeyCorp (NYSE:KEY - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 74,883 shares of the financial services provider's stock, valued at approximately $1,197,000.

A number of other large investors have also added to or reduced their stakes in KEY. Fourth Dimension Wealth LLC bought a new stake in shares of KeyCorp during the 4th quarter valued at $28,000. FSC Wealth Advisors LLC bought a new stake in shares of KeyCorp during the 1st quarter valued at $34,000. Allworth Financial LP grew its position in shares of KeyCorp by 246.9% during the 1st quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock valued at $32,000 after acquiring an additional 1,543 shares during the period. Optiver Holding B.V. bought a new stake in shares of KeyCorp during the 4th quarter valued at $42,000. Finally, NBC Securities Inc. grew its position in shares of KeyCorp by 123,900.0% during the 1st quarter. NBC Securities Inc. now owns 2,480 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 2,478 shares during the period. Institutional investors own 79.69% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on KEY. Citigroup restated a "neutral" rating and set a $20.00 target price (up previously from $19.00) on shares of KeyCorp in a research note on Thursday, July 24th. Royal Bank Of Canada restated an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. DA Davidson lifted their target price on shares of KeyCorp from $19.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, July 23rd. Barclays lowered their target price on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley restated an "equal weight" rating on shares of KeyCorp in a research note on Thursday, April 17th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $19.39.

Insider Activity at KeyCorp

In other KeyCorp news, Director Trina M. Evans sold 17,000 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $18.67, for a total value of $317,390.00. Following the completion of the transaction, the director owned 82,719 shares of the company's stock, valued at approximately $1,544,363.73. This trade represents a 17.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Amy G. Brady sold 19,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $305,710.00. Following the completion of the transaction, the insider directly owned 82,523 shares of the company's stock, valued at approximately $1,327,795.07. This represents a 18.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 148,149 shares of company stock valued at $2,738,230 over the last 90 days. Insiders own 0.52% of the company's stock.

KeyCorp Stock Up 0.5%

Shares of NYSE KEY traded up $0.09 during midday trading on Wednesday, reaching $18.00. 14,343,686 shares of the company's stock traded hands, compared to its average volume of 16,943,422. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The stock's 50 day simple moving average is $17.47 and its 200-day simple moving average is $16.47. KeyCorp has a one year low of $12.73 and a one year high of $20.04. The company has a market cap of $19.73 billion, a price-to-earnings ratio of -257.21, a P/E/G ratio of 0.61 and a beta of 1.13.

KeyCorp (NYSE:KEY - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The financial services provider reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. KeyCorp had a net margin of 1.49% and a return on equity of 9.65%. The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. KeyCorp's revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts predict that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.82 dividend on an annualized basis and a yield of 4.6%. KeyCorp's dividend payout ratio is presently -1,171.43%.

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.