CHURCHILL MANAGEMENT Corp Buys 26,047 Shares of KeyCorp (NYSE:KEY)

CHURCHILL MANAGEMENT Corp increased its stake in shares of KeyCorp (NYSE:KEY) by 5.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,333 shares of the financial services provider’s stock after purchasing an additional 26,047 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in KeyCorp were worth $7,976,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Financial Advocates Investment Management increased its position in KeyCorp by 2.3% in the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock worth $450,000 after purchasing an additional 602 shares during the period. HM Payson & Co. grew its position in shares of KeyCorp by 27.0% during the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock worth $51,000 after buying an additional 650 shares during the period. Graypoint LLC raised its stake in shares of KeyCorp by 4.7% during the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after buying an additional 675 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 679 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in KeyCorp by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock worth $542,000 after acquiring an additional 705 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KEY has been the topic of several recent research reports. UBS Group raised their price target on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their target price on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their price target for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Keefe, Bruyette & Woods upped their target price on shares of KeyCorp from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, DA Davidson boosted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and an average price target of $19.44.

KeyCorp Stock Up 3.8 %

Shares of KEY stock opened at $18.15 on Thursday. The firm’s fifty day moving average price is $18.26 and its two-hundred day moving average price is $16.93. KeyCorp has a 1 year low of $12.94 and a 1 year high of $20.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $17.99 billion, a P/E ratio of 1,815.00, a PEG ratio of 0.63 and a beta of 1.27.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. On average, equities analysts predict that KeyCorp will post 1.1 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Tuesday, December 3rd. KeyCorp’s dividend payout ratio (DPR) is presently 8,200.00%.

Insider Transactions at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following 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. 0.67% of the stock is owned by company insiders.

KeyCorp Company 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.