KeyCorp (NYSE:KEY) Shares Acquired by Xponance Inc.

Xponance Inc. grew its position in shares of KeyCorp (NYSE:KEY - Free Report) by 171.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 356,324 shares of the financial services provider's stock after acquiring an additional 224,848 shares during the quarter. Xponance Inc.'s holdings in KeyCorp were worth $5,698,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KEY. Brighton Jones LLC bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $476,000. Proficio Capital Partners LLC bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $1,519,000. Daiwa Securities Group Inc. lifted its position in KeyCorp by 10.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 126,599 shares of the financial services provider's stock worth $2,170,000 after buying an additional 12,124 shares during the last quarter. Independent Advisor Alliance bought a new stake in KeyCorp in the fourth quarter worth $183,000. Finally, Sequoia Financial Advisors LLC lifted its position in KeyCorp by 8.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 65,712 shares of the financial services provider's stock worth $1,126,000 after buying an additional 5,231 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KEY shares. Wall Street Zen upgraded KeyCorp from a "sell" rating to a "hold" rating in a research report on Monday, April 21st. Morgan Stanley restated an "equal weight" rating on shares of KeyCorp in a research report on Thursday, April 17th. UBS Group upgraded KeyCorp from a "neutral" rating to a "buy" rating and raised their price target for the stock from $16.00 to $22.00 in a research report on Tuesday, July 8th. 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 report on Thursday, April 3rd. Finally, Evercore ISI set a $17.00 price target on KeyCorp in a research report on Monday, April 28th. Eleven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.18.

KeyCorp Trading Up 0.4%

Shares of NYSE:KEY traded up $0.08 on Wednesday, hitting $17.97. 24,750,772 shares of the company's stock were exchanged, compared to its average volume of 13,277,748. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of -105.68, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.84 and a quick ratio of 0.83. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04. The business's 50 day simple moving average is $16.63 and its two-hundred day simple moving average is $16.38.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.20 earnings per share. Analysts anticipate that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The company 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 is Tuesday, September 2nd. This represents a $0.82 annualized dividend and a dividend yield of 4.56%. KeyCorp's dividend payout ratio is currently -482.35%.

Insider Activity

In other KeyCorp 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 value of $305,710.00. Following the transaction, the insider owned 82,523 shares in the company, valued at $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 available at the SEC website. Also, insider Mohit Ramani bought 10,000 shares of the business's stock in a transaction on Monday, April 21st. The stock was bought at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the purchase, the insider directly owned 10,000 shares of the company's stock, valued at $137,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.52% of the company's stock.

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.