Marcum Wealth LLC grew its position in KeyCorp (NYSE:KEY – Free Report) by 3.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,378 shares of the financial services provider’s stock after buying an additional 1,163 shares during the period. Marcum Wealth LLC’s holdings in KeyCorp were worth $607,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in KeyCorp in the 4th quarter worth approximately $26,000. Sound Income Strategies LLC boosted its stake in KeyCorp by 3,600.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,836 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in KeyCorp in the 3rd quarter worth approximately $28,000. First United Bank & Trust acquired a new stake in KeyCorp in the 4th quarter worth approximately $29,000. Finally, Baldwin Brothers LLC MA acquired a new stake in KeyCorp in the 4th quarter worth approximately $35,000. 79.69% of the stock is currently owned by institutional investors.
KeyCorp Stock Down 0.3 %
Shares of NYSE:KEY opened at $13.60 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a market capitalization of $12.82 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.28. The firm’s 50-day moving average is $14.44 and its two-hundred day moving average is $14.43. KeyCorp has a 1 year low of $9.10 and a 1 year high of $15.86.
KeyCorp Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, May 28th were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Friday, May 24th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 6.03%. KeyCorp’s payout ratio is 103.80%.
Wall Street Analysts Forecast Growth
KEY has been the subject of a number of recent research reports. Royal Bank of Canada raised their price target on shares of KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Argus raised their price target on shares of KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Evercore ISI raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company raised their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. reduced their price target on shares of KeyCorp from $18.00 to $17.50 and set a “neutral” rating for the company in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and a consensus price target of $15.97.
Read Our Latest Report on KeyCorp
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.
Further Reading
- Five stocks we like better than KeyCorp
- How to Choose Top Rated Stocks
- McDonald’s Stock: Balancing Value and Innovation
- What are earnings reports?
- MarketBeat Week in Review – 6/17 – 6/21
- Bank Stocks – Best Bank Stocks to Invest In
- Sarepta Therapeutics Stock Soars on FDA Approval
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.