Asset Management One Co. Ltd. Has $6.26 Million Stock Position in KeyCorp (NYSE:KEY)

Asset Management One Co. Ltd. lifted its position in shares of KeyCorp (NYSE:KEY) by 8.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 364,147 shares of the financial services provider’s stock after buying an additional 27,288 shares during the quarter. Asset Management One Co. Ltd.’s holdings in KeyCorp were worth $6,263,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. American Capital Advisory LLC acquired a new position in KeyCorp in the third quarter valued at about $28,000. Larson Financial Group LLC raised its stake in KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in KeyCorp in the third quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new position in KeyCorp in the third quarter valued at about $38,000. Finally, Venturi Wealth Management LLC raised its stake in KeyCorp by 62.9% in the third 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 in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is currently owned by company insiders.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.95 on Wednesday. The business’s 50 day simple moving average is $17.57 and its 200 day simple moving average is $17.34. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The stock has a market capitalization of $17.79 billion, a PE ratio of -59.81, a PEG ratio of 0.66 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84.

KeyCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s payout ratio is presently -273.32%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group boosted their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods dropped their price target on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Wells Fargo & Company lifted their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research 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 research report on Monday, February 3rd. Finally, DA Davidson decreased their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

KeyCorp 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.