KeyCorp (NYSE:KEY) Holdings Trimmed by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in KeyCorp (NYSE:KEY - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 632,823 shares of the financial services provider's stock after selling 25,510 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of KeyCorp worth $10,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of 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 period. Price T Rowe Associates Inc. MD grew its holdings in shares of KeyCorp by 4.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,302,732 shares of the financial services provider's stock worth $622,229,000 after purchasing an additional 1,645,296 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in shares of KeyCorp by 4.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 27,183,748 shares of the financial services provider's stock worth $465,929,000 after purchasing an additional 1,062,615 shares during the period. Geode Capital Management LLC grew its holdings in shares of KeyCorp by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 23,349,979 shares of the financial services provider's stock worth $399,169,000 after purchasing an additional 1,647,332 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of KeyCorp by 2.9% during the 4th quarter. Invesco Ltd. now owns 17,260,508 shares of the financial services provider's stock worth $295,845,000 after purchasing an additional 479,604 shares during the period. Institutional investors and hedge funds own 79.69% of the company's stock.

Insider Buying and Selling

In other news, CEO Christopher M. Gorman sold 112,149 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $18.86, for a total value of $2,115,130.14. Following the completion of the transaction, the chief executive officer owned 619,895 shares of the company's stock, valued at approximately $11,691,219.70. This represents a 15.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Trina M. Evans sold 17,000 shares of the stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $18.67, for a total value of $317,390.00. Following the completion of the transaction, the director directly owned 82,719 shares of the company's stock, valued at approximately $1,544,363.73. The trade was a 17.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold 153,149 shares of company stock valued at $2,821,230 over the last three months. Corporate insiders own 0.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on KEY. UBS Group upgraded KeyCorp from a "neutral" rating to a "buy" rating and upped their price target for the stock from $16.00 to $22.00 in a report on Tuesday, July 8th. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Jefferies Financial Group began coverage on KeyCorp in a report on Wednesday, May 21st. They issued 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 report on Thursday, April 17th. Finally, Barclays reduced their target price on KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, KeyCorp currently has an average rating of "Hold" and an average price target of $19.39.

KeyCorp Stock Performance

NYSE KEY traded down $0.25 during trading hours on Thursday, hitting $17.91. The company had a trading volume of 47,084,918 shares, compared to its average volume of 26,840,252. 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 0.71. The business has a fifty day simple moving average of $17.13 and a 200-day simple moving average of $16.48. The firm has a market cap of $19.63 billion, a P/E ratio of -255.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.11.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the company earned $0.25 earnings per share. The firm's revenue for the quarter was up 20.6% on a year-over-year basis. Equities analysts predict that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $0.82 annualized dividend and a yield of 4.6%. KeyCorp's dividend payout ratio (DPR) is currently -1,171.43%.

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.