Unigestion Holding SA Takes Position in KeyCorp (NYSE:KEY)

Unigestion Holding SA bought a new stake in KeyCorp (NYSE:KEY - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,321 shares of the financial services provider's stock, valued at approximately $558,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of KeyCorp by 4.2% in the second 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 during the last quarter. PGGM Investments grew its stake in shares of KeyCorp by 35.3% in the 2nd quarter. PGGM Investments now owns 15,303 shares of the financial services provider's stock valued at $217,000 after purchasing an additional 3,995 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings 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 valued at $833,000 after purchasing an additional 1,927 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of KeyCorp by 87.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider's stock worth $18,598,000 after purchasing an additional 610,688 shares during the last quarter. Finally, Royal Fund Management LLC lifted its holdings in shares of KeyCorp by 70.2% during the second quarter. Royal Fund Management LLC now owns 17,700 shares of the financial services provider's stock worth $252,000 after purchasing an additional 7,300 shares during the period. Hedge funds and other institutional investors own 79.69% of the company's stock.

Insider Activity at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction that occurred on 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. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

KeyCorp Price Performance

KEY traded down $0.24 during midday trading on Thursday, reaching $18.07. 7,757,236 shares of the company's stock were exchanged, compared to its average volume of 13,491,815. KeyCorp has a 1-year low of $12.94 and a 1-year high of $20.04. The stock has a market capitalization of $17.91 billion, a PE ratio of 1,806.00, a P/E/G ratio of 1.01 and a beta of 1.25. 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 business's 50-day moving average price is $18.18 and its 200 day moving average price is $16.32.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, equities analysts anticipate that KeyCorp will post 1.09 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.54%. KeyCorp's dividend payout ratio is currently 8,200.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KEY shares. Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Royal Bank of Canada boosted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Wedbush raised their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Piper Sandler lifted their price objective on KeyCorp from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group increased their target price on KeyCorp from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, KeyCorp presently has a consensus rating of "Moderate Buy" and an average price target of $19.16.

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.