ORG Wealth Partners LLC Sells 2,948 Shares of KeyCorp (NYSE:KEY)

ORG Wealth Partners LLC cut its stake in shares of KeyCorp (NYSE:KEY) by 41.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,211 shares of the financial services provider’s stock after selling 2,948 shares during the period. ORG Wealth Partners LLC’s holdings in KeyCorp were worth $72,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Financial Advocates Investment Management lifted its position in shares of KeyCorp by 2.3% during the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after purchasing an additional 602 shares in the last quarter. HM Payson & Co. increased its stake in KeyCorp by 27.0% in the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after buying an additional 650 shares during the last quarter. Graypoint LLC lifted its position in shares of KeyCorp by 4.7% during the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after buying an additional 675 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of KeyCorp by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after buying an additional 679 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of KeyCorp by 2.2% in the third quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 705 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KEY. The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Evercore ISI boosted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a report on Monday, October 14th. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Truist Financial assumed coverage on shares of KeyCorp in a research note on Tuesday. They set a “hold” rating and a $19.00 price target for the company. Nine analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.44.

KeyCorp Stock Down 2.3 %

Shares of NYSE KEY opened at $16.72 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The company has a market cap of $16.57 billion, a P/E ratio of 1,672.00, a P/E/G ratio of 1.00 and a beta of 1.27. KeyCorp has a 52 week low of $12.94 and a 52 week high of $20.04. The business has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $16.83.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. Research analysts anticipate that KeyCorp will post 1.09 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were given a dividend of $0.205 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.90%. KeyCorp’s dividend payout ratio (DPR) is currently 8,200.00%.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

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.