KeyCorp (NYSE:KEY) Stock Holdings Lifted by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp lifted its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 485,044 shares of the financial services provider's stock after buying an additional 19,711 shares during the quarter. CHURCHILL MANAGEMENT Corp's holdings in KeyCorp were worth $7,756,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $476,000. IFP Advisors Inc lifted its stake in KeyCorp by 4.8% in the 4th quarter. IFP Advisors Inc now owns 16,260 shares of the financial services provider's stock valued at $282,000 after buying an additional 739 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in KeyCorp during the 4th quarter worth approximately $1,519,000. QRG Capital Management Inc. acquired a new position in shares of KeyCorp during the fourth quarter valued at approximately $203,000. Finally, Mutual of America Capital Management LLC lifted its position in shares of KeyCorp by 0.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 159,496 shares of the financial services provider's stock valued at $2,734,000 after acquiring an additional 1,448 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 5,000 shares of KeyCorp stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $16.60, for a total transaction of $83,000.00. Following the sale, the director directly owned 37,177 shares of the company's stock, valued at approximately $617,138.20. The trade was a 11.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $305,710.00. Following the completion of the transaction, the insider owned 82,523 shares of the company's stock, valued at $1,327,795.07. This trade represents a 18.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

KeyCorp Stock Performance

KEY traded up $0.35 on Wednesday, hitting $18.22. 18,037,885 shares of the company traded hands, compared to its average volume of 13,042,348. KeyCorp has a 12-month low of $12.73 and a 12-month high of $20.04. The company has a 50 day moving average of $15.96 and a 200-day moving average of $16.31. 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 stock has a market capitalization of $19.97 billion, a PE ratio of -107.18, a PEG ratio of 0.67 and a beta of 1.11.

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

KeyCorp announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.50%. The ex-dividend date was Tuesday, May 27th. KeyCorp's payout ratio is -482.35%.

Analyst Ratings Changes

KEY has been the subject of several recent research reports. TD Cowen initiated coverage on KeyCorp in a research note on Thursday, May 15th. They issued a "hold" rating and a $18.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of KeyCorp from $18.50 to $16.50 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of KeyCorp from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Baird R W upgraded shares of KeyCorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of KeyCorp in a report on Thursday, April 17th. Twelve investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $18.97.

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.