KeyCorp (NYSE:KEY) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in KeyCorp (NYSE:KEY - Free Report) by 21.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 690,359 shares of the financial services provider's stock after acquiring an additional 123,253 shares during the period. Victory Capital Management Inc. owned 0.07% of KeyCorp worth $9,941,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in KEY. Cornerstone Wealth Management LLC raised its position in KeyCorp by 6.3% in the 4th quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider's stock valued at $178,000 after buying an additional 732 shares during the last quarter. UMB Bank n.a. lifted its position in shares of KeyCorp by 2.5% during the 4th quarter. UMB Bank n.a. now owns 34,090 shares of the financial services provider's stock valued at $491,000 after acquiring an additional 841 shares during the period. PL Capital Advisors LLC lifted its position in shares of KeyCorp by 1.7% during the 3rd quarter. PL Capital Advisors LLC now owns 54,900 shares of the financial services provider's stock valued at $591,000 after acquiring an additional 900 shares during the period. AHL Investment Management Inc. lifted its position in shares of KeyCorp by 1.8% during the 4th quarter. AHL Investment Management Inc. now owns 51,288 shares of the financial services provider's stock valued at $739,000 after acquiring an additional 900 shares during the period. Finally, Global Retirement Partners LLC lifted its position in shares of KeyCorp by 15.8% during the 4th quarter. Global Retirement Partners LLC now owns 6,592 shares of the financial services provider's stock worth $92,000 after buying an additional 901 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

KeyCorp Price Performance

KEY stock traded down $0.20 during mid-day trading on Monday, reaching $14.88. 8,552,402 shares of the company's stock were exchanged, compared to its average volume of 15,720,560. The stock's 50 day moving average is $14.92 and its 200 day moving average is $13.90. KeyCorp has a 12-month low of $8.99 and a 12-month high of $15.86. The company has a market cap of $14.03 billion, a price-to-earnings ratio of 18.86 and a beta of 1.28. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the firm posted $0.44 earnings per share. KeyCorp's quarterly revenue was down 10.6% on a year-over-year basis. On average, research analysts expect 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 given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Friday, May 24th. KeyCorp's dividend payout ratio is currently 103.80%.

Insider Transactions at KeyCorp

In other KeyCorp news, CAO Douglas M. Schosser sold 3,326 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the transaction, the chief accounting officer now owns 19,795 shares in the company, valued at $277,130. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total transaction of $33,335.28. Following the completion of the sale, the insider now directly owns 98,120 shares in the company, valued at $1,376,623.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Douglas M. Schosser sold 3,326 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total value of $46,564.00. Following the transaction, the chief accounting officer now directly owns 19,795 shares in the company, valued at approximately $277,130. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on KEY shares. Morgan Stanley increased their price target on KeyCorp from $12.00 to $16.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 7th. Barclays cut their price target on shares of KeyCorp from $17.00 to $16.00 and set an "equal weight" rating on the stock in a report on Friday, January 19th. Royal Bank of Canada lifted their target price on KeyCorp from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Friday, April 19th. Wells Fargo & Company lifted their target price on KeyCorp from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Thursday, March 28th. Finally, DA Davidson lowered their price objective on KeyCorp from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, KeyCorp currently has a consensus rating of "Moderate Buy" and an average target price of $15.71.

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.