KeyCorp (NYSE:KEY) Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC trimmed its position in shares of KeyCorp (NYSE:KEY - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199,553 shares of the financial services provider's stock after selling 53,649 shares during the period. AE Wealth Management LLC owned approximately 0.11% of KeyCorp worth $19,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fourth Dimension Wealth LLC bought a new stake in KeyCorp in the fourth quarter worth $28,000. FSC Wealth Advisors LLC acquired a new stake in shares of KeyCorp in the 1st quarter worth $34,000. Allworth Financial LP boosted its position in shares of KeyCorp by 246.9% in the 1st quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,543 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of KeyCorp in the 4th quarter worth $42,000. Finally, NBC Securities Inc. boosted its position in shares of KeyCorp by 123,900.0% in the 1st quarter. NBC Securities Inc. now owns 2,480 shares of the financial services provider's stock worth $39,000 after purchasing an additional 2,478 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KeyCorp news, CEO Christopher M. Gorman sold 112,149 shares of KeyCorp stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $18.86, for a total value of $2,115,130.14. Following the completion of the sale, the chief executive officer owned 619,895 shares in the company, valued at $11,691,219.70. The trade was a 15.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Amy G. Brady sold 19,000 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $305,710.00. Following the transaction, the insider owned 82,523 shares in the company, valued at approximately $1,327,795.07. The trade was a 18.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 136,149 shares of company stock valued at $2,503,840. Company insiders own 0.52% of the company's stock.

KeyCorp Price Performance

NYSE:KEY traded up $0.07 during trading hours on Friday, reaching $18.57. 39,231,158 shares of the company traded hands, compared to its average volume of 23,438,416. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.83. The firm's 50-day moving average is $17.00 and its 200-day moving average is $16.45. The stock has a market cap of $20.35 billion, a P/E ratio of -265.21, a P/E/G ratio of 0.66 and a beta of 1.11. KeyCorp has a 1-year low of $12.73 and a 1-year high of $20.04.

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

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Tuesday, September 2nd. KeyCorp's payout ratio is -1,171.43%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KEY. Wall Street Zen upgraded KeyCorp from a "sell" rating to a "hold" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on KeyCorp from $18.50 to $16.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Morgan Stanley reaffirmed an "equal weight" rating on shares of KeyCorp in a research report on Thursday, April 17th. Jefferies Financial Group assumed coverage on shares of KeyCorp in a research report on Wednesday, May 21st. They set a "hold" rating and a $18.00 price target on the stock. Finally, Truist Financial cut their target price on KeyCorp from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $19.24.

KeyCorp Company 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.