iSAM Funds UK Ltd Makes New Investment in KeyCorp (NYSE:KEY)

iSAM Funds UK Ltd acquired a new position in KeyCorp (NYSE:KEY - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,359 shares of the financial services provider's stock, valued at approximately $576,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC lifted its position in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock worth $26,000 after buying an additional 1,142 shares during the last quarter. American Capital Advisory LLC acquired a new stake in KeyCorp in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC lifted its holdings in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in KeyCorp during the third quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in KeyCorp during the third quarter valued at approximately $38,000. Institutional investors own 79.69% of the company's stock.

Insiders Place Their Bets

In other news, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction that occurred 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 transaction, the insider now directly owns 234,582 shares of the company's stock, valued at $4,595,461.38. The trade was a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred 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 trade represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

KeyCorp Price Performance

Shares of KeyCorp stock traded up $0.15 during trading on Friday, hitting $18.87. 7,001,103 shares of the company's stock traded hands, compared to its average volume of 7,527,422. The company has a market cap of $18.71 billion, a PE ratio of 1,887.00, a PEG ratio of 1.04 and a beta of 1.25. The firm's fifty day moving average price is $18.06 and its 200 day moving average price is $16.25. KeyCorp has a twelve month low of $12.94 and a twelve month high of $20.04. 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 (NYSE:KEY - Get Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. Analysts forecast that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Tuesday, December 3rd. KeyCorp's dividend payout ratio (DPR) is 8,200.00%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird downgraded shares of KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Wedbush upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. Evercore ISI lifted their price objective on KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Morgan Stanley boosted their price objective on KeyCorp from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 14th. Finally, Barclays raised their target price on KeyCorp from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.16.

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.