Stephens Inc. AR lifted its position in shares of KeyCorp (NYSE:KEY) by 7.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 54,592 shares of the financial services provider’s stock after acquiring an additional 3,924 shares during the period. Stephens Inc. AR’s holdings in KeyCorp were worth $1,027,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in shares of KeyCorp by 78.0% during the third quarter. Meeder Asset Management Inc. now owns 56,046 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 24,554 shares during the last quarter. Flippin Bruce & Porter Inc. grew its position in shares of KeyCorp by 3.9% during the second quarter. Flippin Bruce & Porter Inc. now owns 451,881 shares of the financial services provider’s stock worth $8,468,000 after acquiring an additional 17,103 shares during the last quarter. Greenwood Capital Associates LLC grew its position in shares of KeyCorp by 1.3% during the second quarter. Greenwood Capital Associates LLC now owns 41,874 shares of the financial services provider’s stock worth $785,000 after acquiring an additional 534 shares during the last quarter. Private Capital Management Inc. grew its position in shares of KeyCorp by 29.7% during the third quarter. Private Capital Management Inc. now owns 27,500 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 6,300 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of KeyCorp by 11.1% during the third quarter. Toronto Dominion Bank now owns 428,912 shares of the financial services provider’s stock worth $8,071,000 after acquiring an additional 42,971 shares during the last quarter. Institutional investors and hedge funds own 82.42% of the company’s stock.

In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the sale, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. Insiders sold a total of 57,212 shares of company stock valued at $1,060,508 over the last three months. 0.65% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the stock. Citigroup Inc. upped their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research report on Thursday, October 19th. Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a research report on Wednesday, September 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.82.

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Shares of KeyCorp (NYSE KEY) traded down $0.12 during midday trading on Thursday, reaching $18.16. 9,207,801 shares of the company’s stock were exchanged, compared to its average volume of 10,899,456. KeyCorp has a 52 week low of $16.28 and a 52 week high of $19.53. 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 firm has a market cap of $19,400.00, a P/E ratio of 13.85, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company earned $0.30 EPS. KeyCorp’s revenue was up 13.7% on a year-over-year basis. sell-side analysts anticipate that KeyCorp will post 1.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 2.31%. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 27th. KeyCorp’s dividend payout ratio is presently 33.04%.

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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