KeyCorp (NYSE:KEY) is expected to pay $0.09 on Dec 15, 2016. The indicated annual dividend is $0.34. Shareholders owning the stock before Nov 25, 2016 will be eligible to receive the payout. Based on KeyCorp’s current price of $17.52, the dividend is 0.49%. This dividend’s record date is Nov 29, 2016 and the announcement date is Nov 18, 2016. The stock increased 1.98% or $0.34 on November 23, hitting $17.52. About 16.88M shares traded hands. KeyCorp (NYSE:KEY) has risen 39.27% since April 22, 2016 and is uptrending. It has outperformed by 33.86% the S&P500.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association , which is engaged in providing banking services. The company has a market cap of $18.93 billion. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. It has a 19.86 P/E ratio. The Company’s divisions include Key Community Bank and Key Corporate Bank.
Insitutional Activity: The institutional sentiment increased to 2.05 in Q2 2016. Its up 0.96, from 1.09 in 2016Q1. The ratio increased, as 39 funds sold all KeyCorp shares owned while 186 reduced positions. 56 funds bought stakes while 189 increased positions. They now own 702.32 million shares or 2.46% more from 685.48 million shares in 2016Q1.
The Massachusetts-based Pioneer Investment has invested 0.06% in KeyCorp (NYSE:KEY). Moreover, Gam Ag has 0.01% invested in KeyCorp (NYSE:KEY) for 30,578 shares. Advance I holds 0.3% of its portfolio in KeyCorp (NYSE:KEY) for 25,300 shares. New York State Common Retirement Fund has invested 0.04% of its portfolio in KeyCorp (NYSE:KEY). Adirondack Trust Communication accumulated 542 shares or 0% of the stock. Neuberger Berman Limited Liability, a New York-based fund reported 655,929 shares. Brandywine Glob Investment Mngmt Limited Liability Company has 819,965 shares for 0.06% of their US portfolio. Moreover, Cwm Ltd Liability Corp has 0% invested in KeyCorp (NYSE:KEY) for 60 shares. Cornerstone Incorporated reported 469 shares or 0.01% of all its holdings. Quantbot Technologies L P has 250,180 shares for 0.29% of their US portfolio. Blair William & Co Il, a Illinois-based fund reported 15,168 shares. Moreover, Co Of Toledo Na Oh has 0.14% invested in KeyCorp (NYSE:KEY) for 42,773 shares. Timber Hill Llc holds 0% or 89,985 shares in its portfolio. Breton Hill Cap Ltd last reported 0.29% of its portfolio in the stock. State Board Of Administration Of Florida Retirement Systems last reported 0.05% of its portfolio in the stock.
Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 insider sale for $147,907 net activity. On Thursday, November 10 the insider Brady Amy G. sold $147,907.
KeyCorp (NYSE:KEY) Ratings Coverage
Out of 25 analysts covering Keycorp (NYSE:KEY), 15 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 60% are positive. $18 is the highest target while $2 is the lowest. The $14.90 average target is -14.95% below today’s ($17.52) stock price. Keycorp has been the topic of 53 analyst reports since July 20, 2015 according to StockzIntelligence Inc. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Jefferies on Wednesday, July 27. RBC Capital Markets maintained KeyCorp (NYSE:KEY) rating on Monday, November 2. RBC Capital Markets has “Outperform” rating and $14 price target. The firm earned “Outperform” rating on Monday, November 2 by Macquarie Research. The company was upgraded on Wednesday, August 26 by Bernstein. The stock has “Mkt Perform” rating given by Bernstein on Wednesday, November 16. The firm has “Mkt Perform” rating given on Friday, January 22 by FBR Capital. As per Friday, October 16, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Wednesday, January 6 by Nomura. The rating was upgraded by Susquehanna on Thursday, November 5 to “Positive”. The company was initiated on Friday, October 30 by Standpoint Research.
More important recent KeyCorp (NYSE:KEY) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Great Plains Energy, TFS Financial and KeyCorp” on November 23, 2016, also Wsj.com published article titled: “KeyCorp Revenue Climbs on First Niagara Deal”, Prnewswire.com published: “KeyCorp Reports 2016 Dodd-Frank Act Mid-Cycle Stress Test Results” on November 02, 2016. More interesting news about KeyCorp (NYSE:KEY) was released by: Bizjournals.com and their article: “KeyCorp leaders must decide what to do with 3 Albany offices” with publication date: October 27, 2016.
KEY Company Profile
KeyCorp, incorporated on December 31, 1958, is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking services and products to individual, corporate and institutional clients. The Company’s divisions include Key Community Bank and Key Corporate Bank. The Company’s Other Segments consist of corporate treasury, principal investing unit and various exit portfolios.