Amalgamated Bank Has $3.16 Million Stock Holdings in KeyCorp (NYSE:KEY)

Amalgamated Bank grew its position in KeyCorp (NYSE:KEY) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 184,291 shares of the financial services provider’s stock after buying an additional 2,064 shares during the period. Amalgamated Bank’s holdings in KeyCorp were worth $3,159,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KEY. FourThought Financial Partners LLC bought a new stake in shares of KeyCorp in the fourth quarter worth about $177,000. IFP Advisors Inc increased its stake in KeyCorp by 4.8% during the 4th quarter. IFP Advisors Inc now owns 16,260 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 739 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in KeyCorp during the 4th quarter worth approximately $1,849,000. Callan Capital LLC bought a new position in KeyCorp in the fourth quarter valued at approximately $175,000. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in shares of KeyCorp by 4.0% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 51,780 shares of the financial services provider’s stock valued at $888,000 after buying an additional 2,000 shares during the period. Institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 2.1 %

KEY opened at $17.33 on Friday. The firm has a market capitalization of $19.15 billion, a PE ratio of -57.76, 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 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. The company’s 50-day moving average is $17.48 and its 200 day moving average is $17.48.

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 issued a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%. KeyCorp’s dividend payout ratio is presently -273.33%.

Wall Street Analysts Forecast Growth

KEY has been the topic of several research reports. Barclays upped 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. Royal Bank of Canada restated an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Truist Financial started coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price for the company. Stephens reissued an “overweight” rating and set a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.50 price objective on shares of KeyCorp in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, KeyCorp presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the acquisition, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

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.