KeyCorp (KEY) Position Trimmed by Winthrop Partners WNY LLC

Winthrop Partners WNY LLC cut its stake in KeyCorp (NYSE:KEY) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,270 shares of the financial services provider’s stock after selling 4,018 shares during the quarter. Winthrop Partners WNY LLC’s holdings in KeyCorp were worth $920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in KeyCorp by 1.4% during the third quarter. Vanguard Group Inc. now owns 114,959,582 shares of the financial services provider’s stock valued at $2,286,547,000 after purchasing an additional 1,604,187 shares in the last quarter. Vanguard Group Inc raised its position in KeyCorp by 1.4% during the third quarter. Vanguard Group Inc now owns 114,959,582 shares of the financial services provider’s stock valued at $2,286,547,000 after purchasing an additional 1,604,187 shares in the last quarter. JPMorgan Chase & Co. raised its position in KeyCorp by 33.5% during the third quarter. JPMorgan Chase & Co. now owns 36,176,502 shares of the financial services provider’s stock valued at $719,551,000 after purchasing an additional 9,086,291 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in KeyCorp by 14.9% during the third quarter. The Manufacturers Life Insurance Company now owns 16,968,275 shares of the financial services provider’s stock valued at $337,498,000 after purchasing an additional 2,198,538 shares in the last quarter. Finally, FMR LLC raised its position in KeyCorp by 33.5% during the third quarter. FMR LLC now owns 16,698,961 shares of the financial services provider’s stock valued at $332,143,000 after purchasing an additional 4,186,177 shares in the last quarter. 79.70% of the stock is owned by hedge funds and other institutional investors.

KeyCorp stock opened at $17.18 on Thursday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.97. The company has a market cap of $17.82 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 0.55 and a beta of 1.19. KeyCorp has a fifty-two week low of $13.65 and a fifty-two week high of $22.40.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. KeyCorp had a return on equity of 13.26% and a net margin of 24.74%. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the previous year, the firm posted $0.33 EPS. As a group, analysts forecast that KeyCorp will post 1.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th will be given a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 4th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.96%. KeyCorp’s dividend payout ratio is currently 39.31%.

A number of research firms have weighed in on KEY. CIBC restated an “average” rating on shares of KeyCorp in a research report on Monday, February 4th. UBS Group set a $23.00 price objective on KeyCorp and gave the stock a “buy” rating in a report on Monday, October 22nd. Nomura decreased their price objective on KeyCorp from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, October 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $23.00 price objective on shares of KeyCorp in a report on Monday, October 22nd. Finally, Scotiabank reiterated a “hold” rating on shares of KeyCorp in a report on Friday, November 9th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. KeyCorp currently has an average rating of “Hold” and a consensus price target of $22.01.

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KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company’s Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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