Chevy Chase Trust Holdings LLC Sells 17,088 Shares of KeyCorp (NYSE:KEY)

Chevy Chase Trust Holdings LLC reduced its stake in KeyCorp (NYSE:KEY) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 497,662 shares of the financial services provider’s stock after selling 17,088 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of KeyCorp worth $8,336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its holdings in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC bought a new position in shares of KeyCorp during the third quarter worth about $28,000. Larson Financial Group LLC raised 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. Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the 3rd quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in KeyCorp during the 3rd quarter worth approximately $38,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of recent research reports. Citigroup downgraded shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Thursday, November 7th. Wells Fargo & Company boosted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Piper Sandler increased their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday. Barclays lifted their target price on KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Finally, Morgan Stanley increased their price target on KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.16.

KeyCorp Trading Down 0.1 %

KEY stock opened at $18.73 on Friday. KeyCorp has a one year low of $12.94 and a one year high of $20.04. The stock has a market cap of $18.56 billion, a price-to-earnings ratio of 1,872.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. The company has a fifty day moving average price of $18.01 and a two-hundred day moving average price of $16.21. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. Equities analysts anticipate that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 annualized dividend and a yield of 4.38%. KeyCorp’s payout ratio is currently 8,200.00%.

Insider Buying and Selling

In other 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 in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred 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 directly owns 37,864 shares in the company, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

KeyCorp Profile

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.