Vontobel Holding Ltd. Has $463,000 Holdings in KeyCorp (NYSE:KEY)

Vontobel Holding Ltd. cut its stake in shares of KeyCorp (NYSE:KEY) by 19.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,008 shares of the financial services provider’s stock after selling 6,720 shares during the period. Vontobel Holding Ltd.’s holdings in KeyCorp were worth $463,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Capital Advisory LLC acquired a new position in shares of KeyCorp during the third quarter worth about $28,000. Larson Financial Group LLC boosted its position in shares of KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after buying an additional 918 shares during the period. Catalyst Capital Advisors LLC acquired a new position in shares of KeyCorp during the third quarter worth about $35,000. Capital Performance Advisors LLP acquired a new position in shares of KeyCorp during the third quarter worth about $38,000. Finally, Venturi Wealth Management LLC boosted its position in shares of KeyCorp by 62.9% during the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock worth $42,000 after buying an additional 975 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now owns 162,983,726 shares of the company’s stock, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

KEY has been the topic of several analyst reports. Barclays upped their target price on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Keefe, Bruyette & Woods dropped their target price on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Thursday, November 7th. DA Davidson dropped their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company upped their target price on KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Down 2.5 %

KEY opened at $17.58 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04. The firm’s fifty day moving average is $17.55 and its 200 day moving average is $17.37. The stock has a market cap of $17.42 billion, a price-to-earnings ratio of -58.58, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued 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 4.67%. KeyCorp’s dividend payout ratio (DPR) is presently -273.32%.

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.