49,592 Shares in KeyCorp (NYSE:KEY) Acquired by Invst LLC

Invst LLC bought a new position in shares of KeyCorp (NYSE:KEY) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 49,592 shares of the financial services provider’s stock, valued at approximately $768,000.

Other large investors have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in shares of KeyCorp in the first quarter valued at approximately $32,000. First United Bank & Trust bought a new position in shares of KeyCorp in the fourth quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new stake in KeyCorp during the first quarter worth $39,000. Quarry LP bought a new stake in KeyCorp during the fourth quarter worth $38,000. Finally, Turtle Creek Wealth Advisors LLC bought a new stake in KeyCorp during the fourth quarter worth $39,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Down 5.1 %

NYSE KEY traded down $0.77 during trading hours on Friday, hitting $14.45. 19,973,460 shares of the company were exchanged, compared to its average volume of 15,912,344. The stock has a 50-day moving average price of $14.54 and a 200 day moving average price of $14.62. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.37. KeyCorp has a 52 week low of $9.50 and a 52 week high of $16.50. The stock has a market cap of $13.63 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.83 and a beta of 1.26.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. Analysts forecast that KeyCorp will post 1.12 earnings per share for the current fiscal year.

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $0.205 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $0.82 dividend on an annualized basis and a yield of 5.67%. KeyCorp’s dividend payout ratio (DPR) is 103.80%.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of analyst reports. DA Davidson boosted their price objective on KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Royal Bank of Canada increased their price objective on KeyCorp from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Keefe, Bruyette & Woods increased their target price on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Argus increased their price objective on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Evercore ISI lowered their target price on KeyCorp from $17.50 to $16.50 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.13.

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.