AMG National Trust Bank Has $1.42 Million Stock Position in KeyCorp (NYSE:KEY)

AMG National Trust Bank reduced its position in KeyCorp (NYSE:KEY - Free Report) by 34.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,482 shares of the financial services provider's stock after selling 46,937 shares during the period. AMG National Trust Bank's holdings in KeyCorp were worth $1,415,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of KEY. Norges Bank acquired a new position in shares of KeyCorp in the 4th quarter valued at about $153,235,000. Vanguard Group Inc. raised its holdings in shares of KeyCorp by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 116,932,760 shares of the financial services provider's stock valued at $2,004,228,000 after buying an additional 7,754,576 shares during the period. Freestone Grove Partners LP purchased a new stake in KeyCorp during the 4th quarter worth approximately $63,540,000. FMR LLC increased its holdings in KeyCorp by 7.1% during the 4th quarter. FMR LLC now owns 44,431,526 shares of the financial services provider's stock worth $761,556,000 after purchasing an additional 2,938,405 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in KeyCorp during the 4th quarter worth approximately $42,827,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Amy G. Brady sold 19,000 shares of the company's 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 completion of the sale, the insider owned 82,523 shares in the company, valued at approximately $1,327,795.07. This represents a 18.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carlton L. Highsmith sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total value of $83,000.00. Following the sale, the director owned 37,177 shares of the company's stock, valued at approximately $617,138.20. The trade was a 11.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KEY shares. Citigroup reiterated a "buy" rating on shares of KeyCorp in a report on Thursday, April 17th. Morgan Stanley reiterated an "equal weight" rating on shares of KeyCorp in a report on Thursday, April 17th. Evercore ISI set a $17.00 price target on KeyCorp in a report on Monday, April 28th. Cowen initiated coverage on KeyCorp in a report on Wednesday, May 14th. They issued a "hold" rating for the company. Finally, Barclays reduced their price objective on KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.18.

KeyCorp Trading Down 1.1%

Shares of KeyCorp stock traded down $0.20 on Monday, reaching $18.31. 32,000,048 shares of the company were exchanged, compared to its average volume of 14,881,558. The stock has a fifty day moving average price of $16.80 and a 200-day moving average price of $16.40. The firm has a market capitalization of $20.06 billion, a price-to-earnings ratio of -107.68, a price-to-earnings-growth ratio of 0.69 and a beta of 1.11. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04.

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

KeyCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.82 annualized dividend and a dividend yield of 4.48%. KeyCorp's dividend payout ratio (DPR) is presently -482.35%.

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.