Savant Capital LLC raised its position in shares of KeyCorp (NYSE:KEY – Free Report) by 27.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,688 shares of the financial services provider’s stock after buying an additional 3,805 shares during the period. Savant Capital LLC’s holdings in KeyCorp were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Avanza Fonder AB purchased a new position in shares of KeyCorp during the fourth quarter worth $1,618,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in KeyCorp by 14.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock valued at $10,928,000 after purchasing an additional 85,052 shares during the period. Dai ichi Life Insurance Company Ltd purchased a new position in KeyCorp in the third quarter valued at $798,000. State of New Jersey Common Pension Fund D boosted its holdings in KeyCorp by 13.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock valued at $5,101,000 after purchasing an additional 36,444 shares during the period. Finally, Prospector Partners LLC purchased a new position in KeyCorp in the third quarter valued at $9,630,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on KEY shares. Truist Financial started coverage on KeyCorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price for the company. Morgan Stanley decreased their target price on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Stephens reaffirmed an “overweight” rating and set a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Barclays lifted their price target on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.69.
KeyCorp Stock Performance
Shares of KEY stock opened at $17.73 on Tuesday. The stock has a market capitalization of $17.57 billion, a PE ratio of -59.08, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. KeyCorp has a 52-week low of $13.10 and a 52-week high of $20.04. The stock’s 50-day moving average price is $17.59 and its 200 day moving average price is $17.33. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77.
KeyCorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio is presently -273.32%.
Insider Buying and Selling at KeyCorp
In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were bought at an average price of $17.85 per share, with a total value of $892,500.00. Following the acquisition, the director now owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by corporate insiders.
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.
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