B. Riley Wealth Advisors Inc. Reduces Stock Holdings in KeyCorp (NYSE:KEY)

B. Riley Wealth Advisors Inc. trimmed its position in shares of KeyCorp (NYSE:KEY) by 37.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,084 shares of the financial services provider’s stock after selling 15,940 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in KeyCorp were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of KeyCorp by 340.0% during the 3rd quarter. Franklin Resources Inc. now owns 413,011 shares of the financial services provider’s stock worth $7,186,000 after acquiring an additional 319,155 shares during the period. Wilmington Savings Fund Society FSB bought a new position in KeyCorp during the third quarter worth about $395,000. Sanctuary Advisors LLC boosted its position in KeyCorp by 23.8% during the third quarter. Sanctuary Advisors LLC now owns 71,218 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 13,701 shares during the period. Unigestion Holding SA purchased a new position in shares of KeyCorp in the third quarter worth about $558,000. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of KeyCorp by 1,974.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,541,680 shares of the financial services provider’s stock valued at $25,823,000 after purchasing an additional 1,467,351 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Trading Down 0.9 %

Shares of KEY stock opened at $16.81 on Friday. The business has a 50-day moving average price of $18.29 and a two-hundred day moving average price of $16.45. KeyCorp has a 12-month low of $12.94 and a 12-month high of $20.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The firm has a market cap of $16.66 billion, a P/E ratio of 1,681.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25.

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

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Tuesday, December 3rd. KeyCorp’s dividend payout ratio is currently 8,200.00%.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp 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 completion of the transaction, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KEY shares. The Goldman Sachs Group lifted their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Wells Fargo & Company raised their target price on KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada upped their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Barclays increased their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.16.

About KeyCorp

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.