Steward Partners Investment Advisory LLC Buys 1,775 Shares of KeyCorp (NYSE:KEY)

Steward Partners Investment Advisory LLC increased its holdings in shares of KeyCorp (NYSE:KEY) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,876 shares of the financial services provider’s stock after purchasing an additional 1,775 shares during the period. Steward Partners Investment Advisory LLC’s holdings in KeyCorp were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new position in shares of KeyCorp during the fourth quarter valued at approximately $34,000. Jones Financial Companies Lllp boosted its stake in shares of KeyCorp by 13.6% during the fourth quarter. Jones Financial Companies Lllp now owns 145,026 shares of the financial services provider’s stock valued at $2,486,000 after purchasing an additional 17,319 shares in the last quarter. Modera Wealth Management LLC boosted its stake in shares of KeyCorp by 3.9% during the fourth quarter. Modera Wealth Management LLC now owns 16,521 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 627 shares in the last quarter. Asahi Life Asset Management CO. LTD. bought a new position in shares of KeyCorp during the fourth quarter valued at approximately $308,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of KeyCorp by 4.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 22,937 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 999 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KEY has been the topic of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company increased their target price on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Truist Financial initiated coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 target price for the company. Citigroup raised shares of KeyCorp from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Monday. Finally, Morgan Stanley decreased their target price on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.75.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now directly 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 link. Company insiders own 0.61% of the company’s stock.

KeyCorp Trading Up 2.2 %

NYSE KEY opened at $15.50 on Thursday. The company has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $17.45. The stock has a market cap of $17.12 billion, a P/E ratio of -51.65, a P/E/G ratio of 0.65 and a beta of 1.26. KeyCorp has a 12-month low of $13.11 and a 12-month high of $20.04. The company has a current ratio of 0.85, a quick ratio of 0.84 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. Stockholders of record on Tuesday, March 4th will be paid a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.29%. KeyCorp’s payout ratio is currently -273.33%.

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.