IHT Wealth Management LLC Acquires 8,316 Shares of KeyCorp (NYSE:KEY)

IHT Wealth Management LLC raised its holdings in KeyCorp (NYSE:KEY) by 65.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,004 shares of the financial services provider’s stock after buying an additional 8,316 shares during the quarter. IHT Wealth Management LLC’s holdings in KeyCorp were worth $348,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of KeyCorp by 171.5% in the 2nd quarter. SG Americas Securities LLC now owns 297,620 shares of the financial services provider’s stock valued at $4,229,000 after purchasing an additional 188,010 shares in the last quarter. Czech National Bank boosted its stake in shares of KeyCorp by 9.0% in the 2nd quarter. Czech National Bank now owns 179,670 shares of the financial services provider’s stock valued at $2,553,000 after purchasing an additional 14,902 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of KeyCorp by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 81,879 shares of the financial services provider’s stock valued at $1,164,000 after purchasing an additional 3,306 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in shares of KeyCorp by 64.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 29,279 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 11,505 shares in the last quarter. Finally, PGGM Investments boosted its stake in shares of KeyCorp by 35.3% in the 2nd quarter. PGGM Investments now owns 15,303 shares of the financial services provider’s stock valued at $217,000 after purchasing an additional 3,995 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

Insider Activity

In related news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $4,595,461.38. This represents a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 of the company’s stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

KeyCorp Stock Performance

Shares of KEY stock opened at $18.55 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market cap of $18.38 billion, a PE ratio of 1,854.50, a price-to-earnings-growth ratio of 1.04 and a beta of 1.25. The stock has a 50-day moving average of $18.10 and a 200-day moving average of $16.28. KeyCorp has a one year low of $12.94 and a one year high of $20.04.

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 company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. As a group, sell-side analysts expect that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.42%. KeyCorp’s dividend payout ratio (DPR) is presently 8,200.00%.

Wall Street Analyst Weigh In

KEY has been the topic of several recent analyst reports. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. DA Davidson upped their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Wedbush upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Nine 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.com, KeyCorp presently has a consensus rating of “Moderate Buy” and an average target price of $19.16.

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.