Segall Bryant & Hamill LLC held its position in shares of KeyCorp (NYSE:KEY) during the first quarter, Holdings Channel reports. The fund owned 16,308 shares of the financial services provider’s stock at the end of the first quarter. Segall Bryant & Hamill LLC’s holdings in KeyCorp were worth $290,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. raised its position in shares of KeyCorp by 2.2% in the first quarter. Cutter & CO Brokerage Inc. now owns 14,206 shares of the financial services provider’s stock worth $253,000 after buying an additional 300 shares during the last quarter. Huntington National Bank raised its position in shares of KeyCorp by 0.3% in the first quarter. Huntington National Bank now owns 120,563 shares of the financial services provider’s stock worth $2,144,000 after buying an additional 323 shares during the last quarter. Denver Investment Advisors LLC raised its position in shares of KeyCorp by 0.4% in the first quarter. Denver Investment Advisors LLC now owns 93,603 shares of the financial services provider’s stock worth $1,665,000 after buying an additional 357 shares during the last quarter. YHB Investment Advisors Inc. raised its position in shares of KeyCorp by 1.8% in the first quarter. YHB Investment Advisors Inc. now owns 26,480 shares of the financial services provider’s stock worth $483,000 after buying an additional 475 shares during the last quarter. Finally, Wade G W & Inc. raised its position in shares of KeyCorp by 1.7% in the first quarter. Wade G W & Inc. now owns 30,677 shares of the financial services provider’s stock worth $545,000 after buying an additional 510 shares during the last quarter. 81.38% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

Shares of KeyCorp (NYSE KEY) traded down 0.75% on Friday, hitting $18.54. 12,042,844 shares of the stock traded hands. The stock has a 50 day moving average price of $18.20 and a 200-day moving average price of $18.17. KeyCorp has a 52 week low of $10.21 and a 52 week high of $19.53. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 21.58 and a beta of 1.12.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, April 20th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.04. KeyCorp had a net margin of 14.69% and a return on equity of 9.30%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. On average, equities research analysts forecast that KeyCorp will post $1.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th were given a $0.095 dividend. The ex-dividend date was Thursday, May 25th. This represents a $0.38 annualized dividend and a dividend yield of 2.05%. This is a positive change from KeyCorp’s previous quarterly dividend of $0.09. KeyCorp’s payout ratio is 44.71%.

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A number of equities analysts have recently commented on KEY shares. Keefe, Bruyette & Woods set a $18.00 price objective on shares of KeyCorp and gave the stock a “hold” rating in a research note on Saturday, March 25th. BidaskClub upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Instinet restated a “buy” rating and set a $23.00 price objective (up from $22.00) on shares of KeyCorp in a research note on Sunday, April 23rd. Nomura restated a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a research note on Friday, April 21st. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of KeyCorp in a research note on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.56.

About KeyCorp

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.

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