Teachers Retirement System of The State of Kentucky Purchases 1,467,351 Shares of KeyCorp (NYSE:KEY)

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 1,974.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,541,680 shares of the financial services provider's stock after purchasing an additional 1,467,351 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.16% of KeyCorp worth $25,823,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its holdings 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 valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC acquired a new stake in KeyCorp during the 3rd quarter worth $28,000. Larson Financial Group LLC grew its holdings in KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after acquiring an additional 918 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in KeyCorp during the 3rd quarter worth $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 79.69% of the company's stock.

KeyCorp Stock Performance

Shares of KeyCorp stock traded down $0.10 during trading on Wednesday, hitting $18.31. 8,710,913 shares of the stock were exchanged, compared to its average volume of 13,515,226. The stock has a market capitalization of $18.15 billion, a price-to-earnings ratio of 1,834.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. The company has a fifty day moving average price of $18.14 and a 200-day moving average price of $16.30. 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.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, equities analysts predict that KeyCorp will post 1.09 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be paid a $0.205 dividend. The ex-dividend date is Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.48%. KeyCorp's dividend payout ratio (DPR) is currently 8,200.00%.

Analyst Ratings Changes

A number of research firms have commented on KEY. Wedbush lifted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. UBS Group lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on shares of KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Monday, August 19th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.16.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the sale, the director now owns 37,864 shares of the company's stock, valued at $648,988.96. The trade was a 19.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares of the company's stock, valued at $4,595,461.38. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

KeyCorp 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.