Quantbot Technologies LP Increases Stock Holdings in KeyCorp (NYSE:KEY)

Quantbot Technologies LP increased its stake in shares of KeyCorp (NYSE:KEY) by 80.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 554,646 shares of the financial services provider’s stock after acquiring an additional 248,090 shares during the period. Quantbot Technologies LP’s holdings in KeyCorp were worth $9,290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KEY. Pathway Financial Advisers LLC purchased a new stake in shares of KeyCorp during the first quarter valued at approximately $25,000. Wolff Wiese Magana LLC increased its stake in KeyCorp by 285.5% during the 3rd 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 during the period. American Capital Advisory LLC acquired a new position in KeyCorp in the 3rd quarter worth $28,000. Larson Financial Group LLC boosted its position in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after buying an additional 918 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of KeyCorp during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Up 1.1 %

KEY stock opened at $19.81 on Tuesday. The stock has a market cap of $19.64 billion, a PE ratio of 1,981.00, a price-to-earnings-growth ratio of 1.08 and a beta of 1.24. The firm’s 50-day simple moving average is $17.62 and its 200 day simple moving average is $16.00. KeyCorp has a fifty-two week low of $11.64 and a fifty-two week high of $20.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.30 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 analysts’ expectations of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, sell-side analysts predict that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.14%. The ex-dividend date is Tuesday, December 3rd. KeyCorp’s payout ratio is currently 8,200.00%.

Analyst Ratings Changes

A number of brokerages recently commented on KEY. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Monday, October 14th. UBS Group increased their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Evercore ISI lifted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a report on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.03.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 9,000 shares of the company’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 sale, the director now directly owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction that occurred 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. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by 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.