574,914 Shares in KeyCorp (NYSE:KEY) Purchased by Prospector Partners LLC

Prospector Partners LLC purchased a new stake in KeyCorp (NYSE:KEY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 574,914 shares of the financial services provider's stock, valued at approximately $9,630,000. Prospector Partners LLC owned 0.06% of KeyCorp at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Wolff Wiese Magana LLC boosted its holdings in KeyCorp by 285.5% during 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 in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of KeyCorp during the 1st quarter valued at approximately $25,000. American Capital Advisory LLC purchased a new stake in shares of KeyCorp during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC grew its holdings in shares of 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 acquiring an additional 918 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in KeyCorp in the 3rd quarter valued at approximately $35,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore ISI upped their target price on KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Morgan Stanley lifted their target price on shares of KeyCorp from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 14th. Wells Fargo & Company increased their price target 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, Royal Bank of Canada lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.26.

Insider Buying and Selling at KeyCorp

In other news, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction 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 transaction, the director now owns 37,864 shares of the company's stock, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. The trade was 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 Trading Down 0.8 %

KEY traded down $0.15 during midday trading on Tuesday, hitting $19.66. The company's stock had a trading volume of 8,209,838 shares, compared to its average volume of 13,739,755. KeyCorp has a 52-week low of $11.64 and a 52-week high of $20.04. The firm has a 50-day moving average price of $17.62 and a two-hundred day moving average price of $16.00. 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 firm has a market cap of $19.48 billion, a P/E ratio of 1,973.00, a PEG ratio of 1.08 and a beta of 1.24.

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, beating analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. On average, research analysts anticipate that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, December 3rd. KeyCorp's dividend payout ratio (DPR) is currently 8,200.00%.

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.