Rhumbline Advisers Reduces Stock Position in KeyCorp $KEY

Rhumbline Advisers recently reduced its stake in KeyCorp (NYSE:KEY) by 4.0% in Q3, selling 75,328 shares and now holding 1,816,835 shares valued at approximately $33.96 million. Despite this reduction, KeyCorp exceeded analyst expectations for the quarter with EPS of $0.41 and revenue of $2.01 billion, trading near its 52-week high with a 3.8% annualized dividend yield. The company currently has a consensus “Hold” rating from analysts with an average price target of $23.03.

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