Natixis Advisors L.P. Buys 86,539 Shares of KeyCorp (NYSE:KEY)

Natixis Advisors L.P. raised its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 40.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 299,272 shares of the financial services provider's stock after acquiring an additional 86,539 shares during the quarter. Natixis Advisors L.P.'s holdings in KeyCorp were worth $4,309,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC bought a new position in KeyCorp during the fourth quarter worth $26,000. Sound Income Strategies LLC boosted its holdings in shares of KeyCorp by 3,600.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider's stock valued at $27,000 after buying an additional 1,836 shares during the period. Baldwin Brothers LLC MA bought a new stake in shares of KeyCorp during the 4th quarter valued at about $35,000. Cary Street Partners Investment Advisory LLC acquired a new stake in KeyCorp during the third quarter worth about $28,000. Finally, Creative Financial Designs Inc. ADV lifted its holdings in KeyCorp by 195.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,666 shares of the financial services provider's stock worth $38,000 after acquiring an additional 1,763 shares during the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Douglas M. Schosser sold 3,326 shares of the company's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total transaction of $46,564.00. Following the completion of the sale, the chief accounting officer now directly owns 19,795 shares of the company's stock, valued at $277,130. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.23, for a total value of $175,527.05. Following the completion of the sale, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Douglas M. Schosser sold 3,326 shares of the business's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total transaction of $46,564.00. Following the transaction, the chief accounting officer now directly owns 19,795 shares in the company, valued at $277,130. The disclosure for this sale can be found here. Insiders have sold 21,442 shares of company stock worth $303,914 in the last three months. 0.61% of the stock is currently owned by insiders.

KeyCorp Price Performance

KeyCorp stock remained flat at $15.08 during midday trading on Friday. 9,768,952 shares of the company's stock traded hands, compared to its average volume of 14,915,088. KeyCorp has a 12-month low of $8.73 and a 12-month high of $15.86. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $14.22 billion, a P/E ratio of 19.09 and a beta of 1.28. The business's 50 day simple moving average is $14.92 and its 200-day simple moving average is $13.87.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The firm's revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, equities analysts anticipate that KeyCorp will post 1.14 EPS for the current year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.44%. The ex-dividend date of this dividend is Friday, May 24th. KeyCorp's dividend payout ratio is presently 103.80%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Argus increased their price target on KeyCorp from $15.00 to $16.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Wedbush dropped their target price on KeyCorp from $16.00 to $14.00 and set a "neutral" rating on the stock in a research report on Friday, January 19th. Keefe, Bruyette & Woods boosted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, April 5th. JPMorgan Chase & Co. increased their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. Finally, Morgan Stanley boosted their target price on shares of KeyCorp from $12.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.71.

KeyCorp 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.