KeyCorp (NYSE:KEY) Stock Holdings Lessened by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its holdings in KeyCorp (NYSE:KEY) by 28.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 20,032 shares of the financial services provider’s stock after selling 8,076 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in KeyCorp were worth $343,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of KEY. Wolff Wiese Magana LLC lifted its position in shares of KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the last quarter. American Capital Advisory LLC bought a new position in shares of KeyCorp in the 3rd quarter worth about $28,000. Larson Financial Group LLC lifted its position in KeyCorp by 90.8% in the 3rd 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 last quarter. Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the 3rd quarter valued at about $35,000. Finally, Capital Performance Advisors LLP bought a new stake in KeyCorp in the 3rd quarter valued at about $38,000. 79.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on KEY. The Goldman Sachs Group lifted their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. UBS Group lifted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company lifted their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Monday, October 14th. Finally, Barclays boosted their price target 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. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Performance

KeyCorp stock opened at $17.84 on Wednesday. The firm’s 50 day simple moving average is $17.85 and its 200-day simple moving average is $17.22. The company has a market cap of $17.68 billion, a P/E ratio of -59.45, a price-to-earnings-growth 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 has a fifty-two week low of $13.10 and a fifty-two week high of $20.04.

KeyCorp Announces Dividend

The company 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. This represents a $0.82 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is currently -273.32%.

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.