KeyCorp (NYSE:KEY) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in KeyCorp (NYSE:KEY) by 1.3% in the 4th quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KEY. Avanza Fonder AB acquired a new position in KeyCorp in the fourth quarter valued at $1,618,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of KeyCorp by 14.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock valued at $10,928,000 after purchasing an additional 85,052 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of KeyCorp in the 3rd quarter valued at about $798,000. State of New Jersey Common Pension Fund D grew its stake in KeyCorp by 13.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock worth $5,101,000 after buying an additional 36,444 shares during the last quarter. Finally, Prospector Partners LLC acquired a new position in KeyCorp during the third quarter worth approximately $9,630,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price 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 $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KEY has been the subject of several research analyst reports. Keefe, Bruyette & Woods decreased their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Morgan Stanley dropped their price objective on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Barclays increased their target price on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Finally, DA Davidson dropped their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Down 0.9 %

Shares of NYSE KEY opened at $16.79 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average price of $17.49 and a 200 day moving average price of $17.45. KeyCorp has a 52 week low of $13.10 and a 52 week high of $20.04. The stock has a market capitalization 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.

KeyCorp Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is -273.32%.

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.