Oppenheimer & Co. Inc. lessened its position in KeyCorp (NYSE:KEY) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,723 shares of the financial services provider’s stock after selling 5,006 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in KeyCorp were worth $2,435,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. California Public Employees Retirement System raised its holdings in KeyCorp by 4.7% in the 4th quarter. California Public Employees Retirement System now owns 3,131,438 shares of the financial services provider’s stock worth $63,161,000 after acquiring an additional 139,217 shares during the period. M&T Bank Corp raised its holdings in KeyCorp by 5.6% in the 4th quarter. M&T Bank Corp now owns 86,925 shares of the financial services provider’s stock worth $1,754,000 after acquiring an additional 4,576 shares during the period. Goelzer Investment Management Inc. raised its holdings in KeyCorp by 0.9% in the 4th quarter. Goelzer Investment Management Inc. now owns 538,790 shares of the financial services provider’s stock worth $10,867,000 after acquiring an additional 4,615 shares during the period. Icon Advisers Inc. Co. raised its holdings in KeyCorp by 62.4% in the 4th quarter. Icon Advisers Inc. Co. now owns 513,463 shares of the financial services provider’s stock worth $10,357,000 after acquiring an additional 197,363 shares during the period. Finally, ING Groep NV bought a new position in KeyCorp in the 4th quarter worth $2,062,000. Hedge funds and other institutional investors own 82.19% of the company’s stock.

Several research analysts have recently issued reports on KEY shares. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, December 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. CIBC restated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Vining Sparks restated a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a report on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $22.07.

In other news, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the transaction, the director now directly owns 24,989 shares in the company, valued at $455,549.47. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the transaction, the insider now owns 51,791 shares in the company, valued at $1,098,487.11. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Shares of KeyCorp (NYSE:KEY) opened at $21.17 on Thursday. The firm has a market cap of $21,969.68, a PE ratio of 15.00, a P/E/G ratio of 1.54 and a beta of 1.04. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. equities analysts expect that KeyCorp will post 1.67 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.105 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.98%. KeyCorp’s payout ratio is currently 37.50%.

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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.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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