Blue Trust Inc. Has $251,000 Position in KeyCorp (NYSE:KEY)

Blue Trust Inc. lowered its position in shares of KeyCorp (NYSE:KEY) by 61.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,651 shares of the financial services provider’s stock after selling 23,245 shares during the quarter. Blue Trust Inc.’s holdings in KeyCorp were worth $251,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KEY. Azora Capital LP bought a new stake in shares of KeyCorp in the third quarter worth $92,413,000. Assenagon Asset Management S.A. lifted its position in shares of KeyCorp by 280.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider’s stock worth $83,364,000 after purchasing an additional 3,668,168 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of KeyCorp by 108.3% in the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock worth $98,025,000 after purchasing an additional 3,042,060 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of KeyCorp by 164.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider’s stock worth $78,066,000 after purchasing an additional 2,900,971 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of KeyCorp by 279.6% in the third quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock worth $63,452,000 after purchasing an additional 2,790,192 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KEY. Barclays boosted their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Wells Fargo & Company upped their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Thursday, November 7th. Finally, Piper Sandler upped their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.69.

KeyCorp Trading Up 0.5 %

KEY stock opened at $18.04 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The company’s 50-day simple moving average is $17.56 and its 200 day simple moving average is $17.37. KeyCorp has a 52 week low of $13.10 and a 52 week high of $20.04. The company has a market capitalization of $17.88 billion, a PE ratio of -60.14, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.54%. KeyCorp’s dividend payout ratio (DPR) is presently -273.32%.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction on Wednesday, February 5th. The shares were purchased at an average cost 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 approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.67% of the stock is currently owned by corporate insiders.

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.