Callan Capital LLC Invests $175,000 in KeyCorp (NYSE:KEY)

Callan Capital LLC purchased a new position in shares of KeyCorp (NYSE:KEY) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,197 shares of the financial services provider’s stock, valued at approximately $175,000.

A number of other large investors have also made changes to their positions in KEY. American Capital Advisory LLC acquired a new position in shares of KeyCorp in the 3rd quarter valued at $28,000. Larson Financial Group LLC increased its holdings in shares of 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 during the period. Catalyst Capital Advisors LLC acquired a new position in shares of KeyCorp in the third quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new position in shares of KeyCorp in the third quarter valued at about $38,000. Finally, Venturi Wealth Management LLC increased its holdings in KeyCorp by 62.9% in the 3rd 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.

KeyCorp Price Performance

KeyCorp stock opened at $16.94 on Monday. The company’s fifty day moving average price is $17.52 and its 200 day moving average price is $17.44. KeyCorp has a 1 year low of $13.10 and a 1 year high of $20.04. The stock has a market capitalization of $16.80 billion, a P/E ratio of -56.47, a P/E/G ratio of 0.65 and a beta of 1.26. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.84%. KeyCorp’s dividend payout ratio (DPR) is -273.32%.

Insider Activity

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of the 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 in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Stephens reiterated an “overweight” rating and issued a $20.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Morgan Stanley cut their price target on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Truist Financial assumed coverage on KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 price target on the stock. Finally, Barclays increased their price target on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.