Union Bancaire Privee UBP SA Purchases Shares of 108,540 KeyCorp (NYSE:KEY)

Union Bancaire Privee UBP SA purchased a new stake in KeyCorp (NYSE:KEY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 108,540 shares of the financial services provider’s stock, valued at approximately $1,849,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KEY. Creative Planning grew its holdings in KeyCorp by 2.9% in the 3rd quarter. Creative Planning now owns 142,257 shares of the financial services provider’s stock valued at $2,383,000 after buying an additional 3,964 shares during the period. Signaturefd LLC lifted its stake in shares of KeyCorp by 37.2% in the 3rd quarter. Signaturefd LLC now owns 3,839 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,040 shares in the last quarter. Greenleaf Trust lifted its stake in shares of KeyCorp by 10.3% in the 3rd quarter. Greenleaf Trust now owns 15,233 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 1,417 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of KeyCorp by 1,068.9% in the 3rd quarter. International Assets Investment Management LLC now owns 431,363 shares of the financial services provider’s stock valued at $7,225,000 after purchasing an additional 394,460 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of KeyCorp in the 3rd quarter valued at about $204,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.61% of the stock is owned by company insiders.

KeyCorp Price Performance

KEY stock opened at $16.94 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. KeyCorp has a 52-week low of $13.10 and a 52-week high of $20.04. The stock’s 50 day moving average is $17.52 and its two-hundred day moving average is $17.44. The company has a market capitalization of $16.80 billion, a PE ratio of -56.47, a P/E/G ratio of 0.65 and a beta of 1.26.

KeyCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.84%. KeyCorp’s dividend payout ratio is presently -273.32%.

Analysts Set New Price Targets

KEY has been the topic of several research analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 price objective on shares of KeyCorp in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. DA Davidson reduced their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Piper Sandler lifted their price objective on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price target on KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

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.