Green Square Capital LLC Has $673,000 Holdings in KeyCorp (KEY)

Green Square Capital LLC decreased its stake in KeyCorp (NYSE:KEY) by 37.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 35,737 shares of the financial services provider’s stock after selling 21,670 shares during the quarter. Green Square Capital LLC’s holdings in KeyCorp were worth $673,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Zions Bancorporation lifted its stake in KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. acquired a new position in KeyCorp in the third quarter valued at about $132,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in KeyCorp in the third quarter valued at about $145,000. Sun Life Financial INC lifted its stake in KeyCorp by 80,370.0% in the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after buying an additional 8,037 shares during the period. Finally, AllSquare Wealth Management LLC acquired a new position in KeyCorp in the third quarter valued at about $173,000. 81.20% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp (NYSE:KEY) traded up $0.27 during midday trading on Wednesday, hitting $20.00. The stock had a trading volume of 8,910,300 shares, compared to its average volume of 10,976,072. The firm has a market capitalization of $21,217.64, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.79 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. KeyCorp has a 52 week low of $16.28 and a 52 week high of $20.07.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. KeyCorp’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. analysts anticipate that KeyCorp will post 1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, November 27th. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.10%. KeyCorp’s dividend payout ratio (DPR) is presently 36.84%.

Several equities analysts have weighed in on KEY shares. Zacks Investment Research raised KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Citigroup increased their target price on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Robert W. Baird reissued a “hold” rating and issued a $18.00 target price on shares of KeyCorp in a research note on Friday, October 6th. Finally, Sanford C. Bernstein raised KeyCorp from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Thursday, September 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $21.09.

In related news, General Counsel Paul N. Harris sold 2,758 shares of the stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total value of $869,610.24. Following the transaction, the insider now owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is owned by corporate insiders.

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KeyCorp Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Institutional Ownership by Quarter for KeyCorp (NYSE:KEY)

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