KeyCorp (NYSE:KEY) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund boosted its stake in shares of KeyCorp (NYSE:KEY) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,943 shares of the financial services provider’s stock after purchasing an additional 5,520 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in KeyCorp were worth $1,456,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Pension Service boosted its stake in KeyCorp by 1,124.8% during the fourth quarter. National Pension Service now owns 1,679,582 shares of the financial services provider’s stock worth $28,788,000 after buying an additional 1,542,456 shares during the last quarter. Los Angeles Capital Management LLC raised its position in KeyCorp by 42.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 1,623,874 shares of the financial services provider’s stock valued at $27,833,000 after purchasing an additional 483,932 shares during the period. Amalgamated Bank raised its position in KeyCorp by 1.1% in the fourth quarter. Amalgamated Bank now owns 184,291 shares of the financial services provider’s stock valued at $3,159,000 after purchasing an additional 2,064 shares during the period. FourThought Financial Partners LLC purchased a new stake in KeyCorp in the fourth quarter valued at $177,000. Finally, IFP Advisors Inc raised its position in KeyCorp by 4.8% in the fourth quarter. IFP Advisors Inc now owns 16,260 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 739 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the purchase, the director now directly owns 162,983,726 shares of the company’s stock, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on KEY. Truist Financial began coverage on KeyCorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price on the stock. Wells Fargo & Company lifted their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley reduced their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.69.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.33 on Friday. The company has a market cap of $17.18 billion, a price-to-earnings ratio of -57.76, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The stock has a 50 day simple moving average of $17.48 and a 200-day simple moving average of $17.47. KeyCorp has a 12-month low of $13.10 and a 12-month high of $20.04. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

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.