Nisa Investment Advisors LLC Has $4.81 Million Stock Holdings in KeyCorp (NYSE:KEY)

Nisa Investment Advisors LLC increased its stake in KeyCorp (NYSE:KEY - Free Report) by 17.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 301,025 shares of the financial services provider's stock after purchasing an additional 44,505 shares during the quarter. Nisa Investment Advisors LLC's holdings in KeyCorp were worth $4,813,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. increased its stake in KeyCorp by 110.3% in the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in KeyCorp during the 4th quarter valued at about $28,000. FSC Wealth Advisors LLC purchased a new position in KeyCorp during the 1st quarter valued at about $34,000. TCTC Holdings LLC grew its stake in KeyCorp by 38.6% during the 4th quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 611 shares in the last quarter. Finally, Optiver Holding B.V. purchased a new position in KeyCorp during the 4th quarter valued at about $42,000. Hedge funds and other institutional investors own 79.69% of the company's stock.

KeyCorp Stock Performance

KeyCorp stock traded down $0.15 during trading hours on Friday, reaching $18.34. 14,371,447 shares of the company were exchanged, compared to its average volume of 13,182,959. The firm has a market cap of $20.10 billion, a price-to-earnings ratio of -107.88, a PEG 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. The stock has a 50-day moving average of $16.52 and a 200 day moving average of $16.37. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, research analysts anticipate that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th were given a $0.205 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $0.82 annualized dividend and a dividend yield of 4.47%. KeyCorp's dividend payout ratio is -482.35%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group raised KeyCorp from a "neutral" rating to a "buy" rating and lifted their target price for the company from $16.00 to $22.00 in a research note on Tuesday. TD Cowen assumed coverage on KeyCorp in a research note on Thursday, May 15th. They set a "hold" rating and a $18.00 target price on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their price target on KeyCorp from $18.50 to $16.50 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, Bank of America boosted their price target on KeyCorp from $18.00 to $20.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Eleven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.18.

Insider Activity

In related news, Director Carlton L. Highsmith sold 5,000 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $16.60, for a total value of $83,000.00. Following the completion of the transaction, the director directly owned 37,177 shares in the company, valued at approximately $617,138.20. This represents a 11.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amy G. Brady sold 19,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were 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. The trade was a 18.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.

About KeyCorp

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.