Schroder Investment Management Group grew its position in shares of KeyCorp (NYSE:KEY) by 304.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,098,703 shares of the financial services provider’s stock after acquiring an additional 826,913 shares during the quarter. Schroder Investment Management Group owned 0.10% of KeyCorp worth $20,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its holdings in shares of KeyCorp by 78.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock valued at $1,055,000 after buying an additional 24,554 shares during the last quarter. Flippin Bruce & Porter Inc. boosted its holdings in shares of KeyCorp by 3.9% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 451,881 shares of the financial services provider’s stock valued at $8,468,000 after buying an additional 17,103 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of KeyCorp by 11.1% in the 3rd quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock valued at $8,071,000 after buying an additional 42,971 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in shares of KeyCorp by 1.3% in the 2nd quarter. Greenwood Capital Associates LLC now owns 41,874 shares of the financial services provider’s stock valued at $785,000 after buying an additional 534 shares during the last quarter. Finally, Private Capital Management Inc. boosted its holdings in shares of KeyCorp by 29.7% in the 3rd quarter. Private Capital Management Inc. now owns 27,500 shares of the financial services provider’s stock valued at $518,000 after buying an additional 6,300 shares during the last quarter. 81.20% of the stock is owned by hedge funds and other institutional investors.

KeyCorp (NYSE:KEY) traded up $0.50 during mid-day trading on Tuesday, reaching $19.63. The company’s stock had a trading volume of 16,942,200 shares, compared to its average volume of 11,005,056. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. The company has a market cap of $20,572.40, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10. KeyCorp has a 1 year low of $16.28 and a 1 year high of $19.93.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.30 EPS. equities research analysts expect that KeyCorp will post 1.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be given a dividend of $0.105 per share. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.42 annualized dividend and a yield of 2.14%. KeyCorp’s dividend payout ratio (DPR) is presently 36.84%.

In related news, Director Carlton L. Highsmith sold 7,600 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total value of $139,764.00. Following the transaction, the director now owns 68,725 shares in the company, valued at $1,263,852.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 46,854 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock worth $1,060,508 in the last quarter. Company insiders own 0.65% of the company’s stock.

Several research firms have recently commented on KEY. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a report on Thursday, October 19th. Citigroup increased their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $18.00 price objective on shares of KeyCorp in a report on Friday, October 6th. Wells Fargo & Company began coverage on KeyCorp in a research note on Wednesday, August 9th. They issued a “market perform” rating and a $19.00 price target on the stock. Finally, Sanford C. Bernstein upgraded KeyCorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $21.00 to $22.00 in a research note on Thursday, September 14th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the stock. KeyCorp presently has an average rating of “Hold” and an average price target of $20.97.

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KeyCorp Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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