Fuller & Thaler Asset Management Inc. increased its stake in shares of KeyCorp (NYSE:KEY) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,697,272 shares of the financial services provider’s stock after purchasing an additional 210,993 shares during the quarter. KeyCorp accounts for 1.9% of Fuller & Thaler Asset Management Inc.’s holdings, making the stock its 5th largest holding. Fuller & Thaler Asset Management Inc. owned about 0.72% of KeyCorp worth $155,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation lifted its holdings in KeyCorp by 2,277.5% during the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after buying an additional 5,466 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new stake in KeyCorp during the 3rd quarter worth about $132,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in KeyCorp during the 3rd quarter worth about $145,000. AllSquare Wealth Management LLC purchased a new stake in KeyCorp during the 3rd quarter worth about $173,000. Finally, Connable Office Inc. purchased a new stake in KeyCorp during the 3rd quarter worth about $195,000. 81.08% of the stock is owned by institutional investors.
Shares of KeyCorp (KEY) opened at $20.53 on Friday. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. The firm has a market capitalization of $22,504.22, a PE ratio of 18.33, a PEG ratio of 1.33 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio is presently 37.50%.
A number of analysts have issued reports on the company. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Barclays lifted their price target on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a report on Thursday, December 14th. DA Davidson lifted their price target on KeyCorp to $26.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.50 price target on shares of KeyCorp in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.07.
In other KeyCorp news, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total transaction of $1,175,116.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.
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KeyCorp Company 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.
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