4,808 Shares in KeyCorp (NYSE:KEY) Purchased by Brooklyn Investment Group

Brooklyn Investment Group bought a new stake in KeyCorp (NYSE:KEY) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,808 shares of the financial services provider’s stock, valued at approximately $81,000.

Other institutional investors also recently made changes to their positions in the company. Quantbot Technologies LP boosted its holdings in shares of KeyCorp by 80.9% during the third quarter. Quantbot Technologies LP now owns 554,646 shares of the financial services provider’s stock valued at $9,290,000 after acquiring an additional 248,090 shares during the period. Prospector Partners LLC bought a new stake in KeyCorp in the 3rd quarter valued at about $9,630,000. Dai ichi Life Insurance Company Ltd acquired a new position in KeyCorp during the 3rd quarter valued at about $798,000. Truvestments Capital LLC bought a new position in KeyCorp in the 3rd quarter worth about $55,000. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of KeyCorp by 1,076.0% in the third quarter. Harvest Fund Management Co. Ltd now owns 7,350 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 6,725 shares during the period. 79.69% of the stock is owned by institutional investors.

KeyCorp Stock Performance

Shares of KEY opened at $19.52 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. KeyCorp has a one year low of $11.64 and a one year high of $20.04. The company’s fifty day moving average price is $17.79 and its 200 day moving average price is $16.08. The company has a market capitalization of $19.35 billion, a PE ratio of 1,952.00, a price-to-earnings-growth ratio of 1.07 and a beta of 1.24.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, analysts expect that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a $0.205 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.20%. KeyCorp’s payout ratio is 8,200.00%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson boosted their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wedbush boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Wells Fargo & Company raised their price target on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI upped their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.26.

Insider Buying and Selling

In other news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the transaction, the insider now directly owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

KeyCorp Profile

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.