Quadrature Capital Ltd Sells 279,427 Shares of KeyCorp (NYSE:KEY)

Quadrature Capital Ltd decreased its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 83.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 56,654 shares of the financial services provider's stock after selling 279,427 shares during the period. Quadrature Capital Ltd's holdings in KeyCorp were worth $950,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KEY. SG Americas Securities LLC lifted its position in shares of KeyCorp by 171.5% during the 2nd quarter. SG Americas Securities LLC now owns 297,620 shares of the financial services provider's stock valued at $4,229,000 after acquiring an additional 188,010 shares during the period. Czech National Bank grew its stake in KeyCorp by 9.0% during the second quarter. Czech National Bank now owns 179,670 shares of the financial services provider's stock worth $2,553,000 after buying an additional 14,902 shares in the last quarter. AHL Investment Management Inc. increased its holdings in KeyCorp by 3.0% in the 2nd quarter. AHL Investment Management Inc. now owns 51,888 shares of the financial services provider's stock valued at $737,000 after buying an additional 1,500 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of KeyCorp by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 81,879 shares of the financial services provider's stock valued at $1,164,000 after buying an additional 3,306 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in shares of KeyCorp by 64.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 29,279 shares of the financial services provider's stock worth $416,000 after acquiring an additional 11,505 shares during the period. Institutional investors own 79.69% of the company's stock.

KeyCorp Price Performance

Shares of KeyCorp stock traded up $0.15 on Friday, reaching $18.87. The stock had a trading volume of 7,001,103 shares, compared to its average volume of 7,527,422. The business's 50 day moving average is $18.06 and its two-hundred day moving average is $16.24. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The company has a market cap of $18.71 billion, a P/E ratio of 1,887.00, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. KeyCorp has a 1 year low of $12.94 and a 1 year high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (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 company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. As a group, research analysts anticipate that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Announces Dividend

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 paid a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.35%. KeyCorp's dividend payout ratio (DPR) is currently 8,200.00%.

Analyst Ratings Changes

KEY has been the subject of a number of recent research reports. 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 report on Monday, August 19th. Royal Bank of Canada upped their price target on KeyCorp from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Wells Fargo & Company increased their target price on shares of KeyCorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group upped their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, KeyCorp currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.16.

Insider Buying and Selling at KeyCorp

In other news, insider Angela G. Mago sold 15,011 shares of the firm'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 directly owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now owns 37,864 shares of the company's stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

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.