QRG Capital Management Inc. Acquires Shares of 11,836 KeyCorp (NYSE:KEY)

QRG Capital Management Inc. acquired a new stake in shares of KeyCorp (NYSE:KEY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,836 shares of the financial services provider’s stock, valued at approximately $203,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in KeyCorp during the third quarter valued at about $35,000. Capital Performance Advisors LLP purchased a new stake in KeyCorp during the third quarter valued at about $38,000. Venturi Wealth Management LLC increased its holdings in shares of KeyCorp by 62.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 975 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of KeyCorp in the 4th quarter valued at about $45,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the transaction, the director now owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

KeyCorp Trading Down 1.2 %

Shares of KEY stock opened at $15.75 on Friday. KeyCorp has a 12 month low of $13.11 and a 12 month high of $20.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $17.37 and its two-hundred day moving average is $17.48. The company has a market cap of $17.40 billion, a PE ratio of -52.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 5.21%. KeyCorp’s dividend payout ratio (DPR) is presently -273.33%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KEY shares. Wells Fargo & Company upped their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $18.50 target price on shares of KeyCorp in a report on Monday, February 3rd. Morgan Stanley dropped their target price on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Finally, Barclays upped their target price on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $19.69.

KeyCorp Company 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.