Beese Fulmer Investment Management Inc. Has $832,000 Position in KeyCorp (NYSE:KEY)

Beese Fulmer Investment Management Inc. lessened its holdings in shares of KeyCorp (NYSE:KEY) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,521 shares of the financial services provider’s stock after selling 2,922 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in KeyCorp were worth $832,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Azora Capital LP bought a new position in KeyCorp during the 3rd quarter worth approximately $92,413,000. Assenagon Asset Management S.A. raised its holdings in 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 during the period. Thrivent Financial for Lutherans grew its holdings in shares of KeyCorp by 108.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock valued at $98,025,000 after buying an additional 3,042,060 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of KeyCorp by 164.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider’s stock valued at $78,066,000 after buying an additional 2,900,971 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of KeyCorp by 279.6% in the 3rd quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock valued at $63,452,000 after buying an additional 2,790,192 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 0.4 %

Shares of KEY stock opened at $17.93 on Friday. The company has a fifty day moving average price of $17.78 and a two-hundred day moving average price of $17.24. KeyCorp has a one year low of $13.10 and a one year 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 company also recently announced 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 yield of 4.57%. KeyCorp’s dividend payout ratio (DPR) is currently -273.32%.

Analysts Set New Price Targets

KEY has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Morgan Stanley cut their price target on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a report on Thursday, November 7th. Truist Financial began coverage on shares of KeyCorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.69.

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.