Caxton Associates LP Has $610,000 Stock Holdings in KeyCorp (NYSE:KEY)

Caxton Associates LP cut its holdings in KeyCorp (NYSE:KEY) by 92.9% in the second quarter, HoldingsChannel reports. The firm owned 42,905 shares of the financial services provider’s stock after selling 563,906 shares during the period. Caxton Associates LP’s holdings in KeyCorp were worth $610,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Ontario Teachers Pension Plan Board boosted its holdings in KeyCorp by 8.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 21,690,319 shares of the financial services provider’s stock worth $342,924,000 after purchasing an additional 1,748,633 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in KeyCorp by 12.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider’s stock worth $288,403,000 after purchasing an additional 2,213,872 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in KeyCorp by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider’s stock worth $149,299,000 after purchasing an additional 300,339 shares in the last quarter. Earnest Partners LLC boosted its holdings in KeyCorp by 12.7% in the first quarter. Earnest Partners LLC now owns 10,090,594 shares of the financial services provider’s stock worth $159,532,000 after purchasing an additional 1,137,374 shares in the last quarter. Finally, Ceredex Value Advisors LLC boosted its holdings in KeyCorp by 112.4% in the second quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock worth $94,459,000 after purchasing an additional 3,517,755 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on KEY. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. JPMorgan Chase & Co. decreased their price target on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, June 27th. Wedbush upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday. Citigroup upped their price target on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, August 13th. Finally, DA Davidson upped their price target on shares of KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.71.

KeyCorp Price Performance

KEY opened at $16.56 on Friday. The company has a fifty day moving average price of $16.09 and a two-hundred day moving average price of $15.14. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.85 and a current ratio of 0.85. KeyCorp has a 52 week low of $9.50 and a 52 week high of $17.39. The firm has a market capitalization of $15.61 billion, a PE ratio of 20.96, a P/E/G ratio of 0.92 and a beta of 1.25.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts anticipate that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend was Tuesday, August 27th. KeyCorp’s dividend payout ratio is presently 103.80%.

KeyCorp Company 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.