CHURCHILL MANAGEMENT Corp Purchases 2,173 Shares of KeyCorp (NYSE:KEY)

CHURCHILL MANAGEMENT Corp grew its stake in shares of KeyCorp (NYSE:KEY) by 0.5% during the first quarter, HoldingsChannel reports. The firm owned 431,777 shares of the financial services provider’s stock after purchasing an additional 2,173 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in KeyCorp were worth $6,826,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new stake in shares of KeyCorp during the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted its stake in shares of KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,836 shares in the last quarter. First United Bank & Trust bought a new stake in shares of KeyCorp during the 4th quarter valued at about $29,000. Baldwin Brothers LLC MA bought a new stake in shares of KeyCorp during the 4th quarter valued at about $35,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $28,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Down 0.3 %

KEY opened at $13.60 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.72. The firm has a 50 day moving average price of $14.44 and a 200-day moving average price of $14.44. KeyCorp has a twelve month low of $9.10 and a twelve month high of $15.86. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 0.69 and a beta of 1.28.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Equities research analysts forecast that KeyCorp will post 1.13 earnings per share for the current year.

KeyCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were issued a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.82 annualized dividend and a dividend yield of 6.03%. KeyCorp’s payout ratio is 103.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on KEY shares. Evercore ISI boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Argus boosted their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their price objective on shares of KeyCorp from $18.00 to $17.50 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Jefferies Financial Group boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Finally, Royal Bank of Canada boosted their price objective on shares of KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.97.

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.