Toronto Dominion Bank Purchases 187,587 Shares of KeyCorp (NYSE:KEY)

Toronto Dominion Bank lifted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 68.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460,441 shares of the financial services provider's stock after acquiring an additional 187,587 shares during the quarter. Toronto Dominion Bank's holdings in KeyCorp were worth $7,712,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its stake 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 purchasing an additional 3,306 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of KeyCorp by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 58,601 shares of the financial services provider's stock worth $833,000 after acquiring an additional 1,927 shares in the last quarter. Blue Trust Inc. grew its stake in KeyCorp by 37.9% during the 2nd quarter. Blue Trust Inc. now owns 23,171 shares of the financial services provider's stock worth $329,000 after purchasing an additional 6,365 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of KeyCorp during the 2nd quarter worth about $145,000. Finally, Gradient Investments LLC lifted its stake in KeyCorp by 9,720.3% in the second quarter. Gradient Investments LLC now owns 6,285 shares of the financial services provider's stock valued at $89,000 after buying an additional 6,221 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. DA Davidson boosted their price target on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, October 21st. Wells Fargo & Company increased their price target on KeyCorp from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Barclays raised their target price on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Royal Bank of Canada boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Finally, Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $18.00 to $17.00 in a report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.16.

KeyCorp Trading Up 0.4 %

Shares of NYSE KEY traded up $0.07 during midday trading on Friday, hitting $18.13. The stock had a trading volume of 9,028,810 shares, compared to its average volume of 7,616,271. The firm has a market cap of $17.97 billion, a P/E ratio of 1,813.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. KeyCorp has a fifty-two week low of $12.94 and a fifty-two week high of $20.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The company's 50-day simple moving average is $18.24 and its 200 day simple moving average is $16.39.

KeyCorp (NYSE:KEY - Get Free Report) last announced 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. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. 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 was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Tuesday, December 3rd. KeyCorp's dividend payout ratio (DPR) is currently 8,200.00%.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the firm's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the director now directly owns 37,864 shares of the company's stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is 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.