WINTON GROUP Ltd Invests $529,000 in KeyCorp (NYSE:KEY)

WINTON GROUP Ltd bought a new position in shares of KeyCorp (NYSE:KEY - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,230 shares of the financial services provider's stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Aigen Investment Management LP acquired a new stake in KeyCorp in the fourth quarter valued at approximately $1,556,000. Freestone Capital Holdings LLC bought a new stake in shares of KeyCorp during the first quarter worth about $561,000. Assenagon Asset Management S.A. increased its stake in shares of KeyCorp by 87.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider's stock valued at $18,598,000 after buying an additional 610,688 shares during the period. Commerce Bank raised its holdings in KeyCorp by 399.7% in the 1st quarter. Commerce Bank now owns 456,136 shares of the financial services provider's stock valued at $7,212,000 after buying an additional 364,850 shares during the last quarter. Finally, Cibc World Markets Corp raised its holdings in KeyCorp by 44.4% in the 4th quarter. Cibc World Markets Corp now owns 217,122 shares of the financial services provider's stock valued at $3,127,000 after buying an additional 66,806 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

Analyst Upgrades and Downgrades

KEY has been the subject of several recent research reports. Wedbush upped their price target on shares of KeyCorp from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Tuesday, August 13th. Citigroup increased their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, August 13th. UBS Group lowered shares of KeyCorp from a "buy" rating to a "neutral" rating and dropped their target price for the company from $16.00 to $15.00 in a report on Monday, July 8th. DA Davidson increased their price target on KeyCorp from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, July 19th. Finally, Evercore ISI lowered their price objective on KeyCorp from $17.50 to $16.50 and set an "outperform" rating for the company in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, KeyCorp currently has a consensus rating of "Moderate Buy" and an average price target of $16.65.

KeyCorp Stock Up 0.1 %

Shares of KEY stock traded up $0.02 during trading hours on Wednesday, reaching $16.59. The company had a trading volume of 9,799,878 shares, compared to its average volume of 14,894,733. The company has a market cap of $15.65 billion, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85. KeyCorp has a 12 month low of $9.50 and a 12 month high of $17.20. The business has a fifty day simple moving average of $15.93 and a 200-day simple moving average of $15.06.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.52 billion. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. On average, research analysts expect that KeyCorp will post 1.09 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.82 annualized dividend and a yield of 4.94%. KeyCorp's dividend payout ratio (DPR) is 103.80%.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the transaction, the director now directly owns 46,864 shares of the company's stock, valued at $759,665.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company's stock.

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.