CHURCHILL MANAGEMENT Corp Buys 26,047 Shares of KeyCorp (NYSE:KEY)

CHURCHILL MANAGEMENT Corp grew its position in KeyCorp (NYSE:KEY - Free Report) by 5.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 465,333 shares of the financial services provider's stock after buying an additional 26,047 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in KeyCorp were worth $7,976,000 as of its most recent SEC filing.

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

KeyCorp Price Performance

NYSE:KEY traded down $0.30 during trading hours on Thursday, reaching $17.85. The stock had a trading volume of 16,414,269 shares, compared to its average volume of 12,312,406. The stock has a market capitalization of $17.69 billion, a PE ratio of 1,784.50, a PEG ratio of 0.63 and a beta of 1.27. The company has a 50 day moving average price of $18.22 and a two-hundred day moving average price of $16.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. KeyCorp has a 52 week low of $12.94 and a 52 week high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.03. The firm had revenue of $1.60 billion during 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, sell-side analysts anticipate that KeyCorp will post 1.1 earnings per share for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.60%. KeyCorp's dividend payout ratio is currently 8,200.00%.

Analyst Ratings Changes

A number of analysts have recently issued reports on KEY shares. Wedbush raised 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. Robert W. Baird downgraded shares of KeyCorp from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Royal Bank of Canada increased their price target on KeyCorp from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Truist Financial initiated coverage on KeyCorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 price objective for the company. Finally, Keefe, Bruyette & Woods increased their target price on KeyCorp from $19.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, KeyCorp currently has an average rating of "Moderate Buy" and a consensus price target of $19.44.

Insider Transactions at KeyCorp

In other news, 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 value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company's stock.

About KeyCorp

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.