KeyCorp (NYSE:KEY) Shares Sold by Andra AP fonden

Andra AP fonden decreased its stake in KeyCorp (NYSE:KEY) by 71.7% in the 4th quarter, Holdings Channel reports. The firm owned 145,300 shares of the financial services provider’s stock after selling 367,800 shares during the quarter. Andra AP fonden’s holdings in KeyCorp were worth $2,490,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in KeyCorp by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,058,682 shares of the financial services provider’s stock valued at $566,626,000 after acquiring an additional 1,452,179 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in KeyCorp by 3.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,114,598 shares of the financial services provider’s stock valued at $119,170,000 after acquiring an additional 222,187 shares in the last quarter. Victory Capital Management Inc. increased its holdings in KeyCorp by 57.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,946,074 shares of the financial services provider’s stock valued at $101,916,000 after acquiring an additional 2,157,901 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in KeyCorp by 108.3% during 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 acquiring an additional 3,042,060 shares in the last quarter. Finally, Azora Capital LP purchased a new position in KeyCorp during the 3rd quarter valued at about $92,413,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on KEY. Stephens restated an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Piper Sandler lifted their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 price target on shares of KeyCorp in a report on Monday, February 3rd. DA Davidson lowered their price target on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Finally, Barclays lifted their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Price Performance

KEY opened at $15.75 on Monday. The company’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $17.49. 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 1 year low of $13.11 and a 1 year high of $20.04. The stock has a market capitalization of $17.40 billion, a PE ratio of -52.48, a P/E/G ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 5.21%. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 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, with a total value of $892,500.00. Following the completion of the transaction, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% 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.