MUFG Securities EMEA plc acquired a new position in shares of KeyCorp (NYSE:KEY) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 242,000 shares of the financial services provider’s stock, valued at approximately $3,577,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Achmea Investment Management B.V. lifted its stake in KeyCorp by 250.6% in the fourth quarter. Achmea Investment Management B.V. now owns 137,020 shares of the financial services provider’s stock valued at $2,025,000 after buying an additional 97,941 shares during the last quarter. Polar Capital LLP lifted its stake in KeyCorp by 5.3% in the fourth quarter. Polar Capital LLP now owns 402,676 shares of the financial services provider’s stock valued at $5,952,000 after buying an additional 20,164 shares during the last quarter. American International Group Inc. lifted its stake in KeyCorp by 4.8% in the fourth quarter. American International Group Inc. now owns 466,473 shares of the financial services provider’s stock valued at $6,894,000 after buying an additional 21,155 shares during the last quarter. Geode Capital Management LLC lifted its stake in KeyCorp by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 13,284,088 shares of the financial services provider’s stock valued at $195,989,000 after buying an additional 767,195 shares during the last quarter. Finally, Kinneret Advisory LLC bought a new stake in KeyCorp in the fourth quarter valued at $324,000. Hedge funds and other institutional investors own 79.08% of the company’s stock.

A number of equities research analysts have issued reports on KEY shares. Sandler O’Neill upgraded KeyCorp from a “hold” rating to a “buy” rating and raised their target price for the company from $16.50 to $19.00 in a research note on Friday, January 11th. Raymond James reissued a “hold” rating on shares of KeyCorp in a report on Wednesday, December 19th. Argus lowered their price target on KeyCorp from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Tuesday, January 22nd. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Finally, BMO Capital Markets lowered KeyCorp from an “outperform” rating to a “market perform” rating and set a $17.00 price target on the stock. in a report on Friday, January 18th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.74.

In related news, insider Robert A. Deangelis sold 31,166 shares of KeyCorp stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $17.37, for a total transaction of $541,353.42. Following the transaction, the insider now directly owns 196,478 shares of the company’s stock, valued at $3,412,822.86. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Angela G. Mago sold 4,162 shares of KeyCorp stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $17.33, for a total value of $72,127.46. Following the transaction, the insider now directly owns 128,464 shares in the company, valued at $2,226,281.12. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.

NYSE:KEY opened at $17.38 on Friday. The stock has a market cap of $17.53 billion, a P/E ratio of 10.05, a PEG ratio of 0.55 and a beta of 1.22. KeyCorp has a 52-week low of $13.65 and a 52-week high of $21.91. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, January 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.63 billion. KeyCorp had a return on equity of 13.26% and a net margin of 24.74%. During the same period in the previous year, the company earned $0.33 earnings per share. Sell-side analysts anticipate that KeyCorp will post 1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Monday, March 4th. KeyCorp’s payout ratio is currently 39.31%.

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About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

Read More: Book Value Per Share – BVPS

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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