KeyCorp (NYSE:KEY) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC trimmed its holdings in KeyCorp (NYSE:KEY - Free Report) by 45.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 37,276 shares of the financial services provider's stock after selling 30,629 shares during the period. Valeo Financial Advisors LLC's holdings in KeyCorp were worth $596,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Whittier Trust Co. grew its position in KeyCorp by 110.3% in the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after acquiring an additional 800 shares during the period. Fourth Dimension Wealth LLC purchased a new position in KeyCorp in the fourth quarter worth approximately $28,000. SBI Securities Co. Ltd. purchased a new position in KeyCorp in the fourth quarter worth approximately $34,000. FSC Wealth Advisors LLC purchased a new position in KeyCorp in the first quarter worth approximately $34,000. Finally, TCTC Holdings LLC grew its position in KeyCorp by 38.6% in the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock worth $38,000 after acquiring an additional 611 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at KeyCorp

In other news, insider Amy G. Brady sold 19,000 shares of KeyCorp 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlton L. Highsmith sold 5,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total value of $83,000.00. Following the completion of the transaction, the director owned 37,177 shares in the company, valued at $617,138.20. This trade represents a 11.85% decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

KEY has been the subject of several research analyst reports. TD Cowen initiated coverage on KeyCorp in a research report on Thursday, May 15th. They set a "hold" rating and a $18.00 price target for the company. Jefferies Financial Group initiated coverage on KeyCorp in a research report on Wednesday, May 21st. They set a "hold" rating and a $18.00 price target for the company. Royal Bank Of Canada restated an "outperform" rating on shares of KeyCorp in a research report on Thursday, April 17th. Wall Street Zen upgraded KeyCorp from a "sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Citigroup restated a "buy" rating on shares of KeyCorp in a research report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.18.

KeyCorp Stock Up 0.1%

KeyCorp stock traded up $0.02 during midday trading on Thursday, reaching $18.48. The company's stock had a trading volume of 15,971,588 shares, compared to its average volume of 13,171,487. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.75. The company has a market cap of $20.25 billion, a P/E ratio of -108.68, a P/E/G ratio of 0.69 and a beta of 1.11. The business has a 50-day simple moving average of $16.39 and a 200-day simple moving average of $16.36.

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 analysts' consensus estimates 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 company had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the firm earned $0.20 earnings per share. On average, research analysts expect that KeyCorp will post 1.5 earnings per share for the current fiscal year.

KeyCorp announced that its Board of Directors has authorized a share buyback plan on Thursday, March 13th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Tuesday, May 27th. KeyCorp's dividend payout ratio 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.