Private Advisor Group LLC Raises Holdings in KeyCorp (NYSE:KEY)

Private Advisor Group LLC raised its position in KeyCorp (NYSE:KEY) by 1.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 153,783 shares of the financial services provider’s stock after purchasing an additional 1,985 shares during the period. Private Advisor Group LLC’s holdings in KeyCorp were worth $2,636,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Capital Advisory LLC purchased a new stake in KeyCorp during the 3rd quarter valued at about $28,000. Larson Financial Group LLC grew its holdings 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 buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of KeyCorp in the 3rd quarter worth $35,000. Capital Performance Advisors LLP acquired a new stake in shares of KeyCorp in the 3rd quarter worth $38,000. Finally, Venturi Wealth Management LLC raised its holdings in shares of KeyCorp by 62.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 975 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank bought 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, with a total value of $892,500.00. Following the completion of the acquisition, the director now directly owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. This represents a 0.03 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently issued reports on KEY. The Goldman Sachs Group raised their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price target on shares of KeyCorp in a research report on Monday, February 3rd. Citigroup cut 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. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

KeyCorp Price Performance

Shares of NYSE KEY opened at $16.79 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. The company has a market cap of $16.64 billion, a price-to-earnings ratio of -55.95, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The stock’s 50-day moving average is $17.49 and its two-hundred day moving average is $17.45. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04.

KeyCorp Dividend Announcement

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 dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.89%. KeyCorp’s payout ratio is -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.