Dimensional Fund Advisors LP raised its position in shares of KeyCorp (NYSE:KEY) by 12.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,086,811 shares of the financial services provider’s stock after buying an additional 666,198 shares during the period. Dimensional Fund Advisors LP owned about 0.72% of KeyCorp worth $67,248,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the stock. Systematic Financial Management LP boosted its stake in shares of KeyCorp by 5.1% in the second quarter. Systematic Financial Management LP now owns 8,361,520 shares of the financial services provider’s stock valued at $92,394,000 after buying an additional 409,286 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of KeyCorp by 6.9% in the second quarter. Teacher Retirement System of Texas now owns 1,736,292 shares of the financial services provider’s stock valued at $19,186,000 after buying an additional 111,501 shares during the last quarter. Denver Investment Advisors LLC purchased a new stake in shares of KeyCorp during the second quarter valued at approximately $775,000. Rafferty Asset Management LLC boosted its stake in shares of KeyCorp by 7.1% in the second quarter. Rafferty Asset Management LLC now owns 402,649 shares of the financial services provider’s stock valued at $4,449,000 after buying an additional 26,534 shares during the last quarter. Finally, Advance Capital I Inc. purchased a new stake in shares of KeyCorp during the second quarter valued at approximately $280,000. 66.25% of the stock is currently owned by institutional investors.
KeyCorp (NYSE:KEY) traded up 0.788% on Friday, reaching $12.145. 9,012,272 shares of the company’s stock were exchanged. KeyCorp has a 12 month low of $9.88 and a 12 month high of $14.01. The firm has a market cap of $13.14 billion, a PE ratio of 12.559 and a beta of 1.23. The firm’s 50-day moving average is $12.27 and its 200-day moving average is $11.87.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.27. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The business’s revenue was down .1% on a year-over-year basis. On average, equities analysts forecast that KeyCorp will post $1.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, July 29th were issued a dividend of $0.085 per share. The ex-dividend date of this dividend was Wednesday, July 27th. This represents a $0.34 annualized dividend and a yield of 2.82%. KeyCorp’s payout ratio is 35.42%.
KEY has been the topic of several recent analyst reports. Credit Suisse Group AG reissued a “buy” rating on shares of KeyCorp in a report on Monday, July 11th. Nomura reissued a “buy” rating on shares of KeyCorp in a report on Saturday, July 9th. Citigroup Inc. reissued a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. Jefferies Group reissued a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. Finally, BMO Capital Markets reissued a “buy” rating and set a $15.00 target price on shares of KeyCorp in a report on Wednesday, July 27th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $14.37.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
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