Bradley Foster & Sargent Inc. CT Has $888,000 Position in KeyCorp (NYSE:KEY)

Bradley Foster & Sargent Inc. CT grew its position in KeyCorp (NYSE:KEY) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,780 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in KeyCorp were worth $888,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Avanza Fonder AB acquired a new stake in KeyCorp during the 4th quarter worth approximately $1,618,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of KeyCorp by 14.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock worth $10,928,000 after acquiring an additional 85,052 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of KeyCorp during the third quarter worth $798,000. State of New Jersey Common Pension Fund D lifted its position in KeyCorp by 13.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock valued at $5,101,000 after acquiring an additional 36,444 shares in the last quarter. Finally, Prospector Partners LLC acquired a new position in KeyCorp in the 3rd quarter worth $9,630,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of KeyCorp stock in a transaction that occurred on 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 purchase, the director now directly owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is owned by company insiders.

KeyCorp Trading Down 3.6 %

KEY stock opened at $16.94 on Friday. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The stock has a market cap of $16.80 billion, a price-to-earnings ratio of -56.47, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company has a fifty day moving average price of $17.52 and a two-hundred day moving average price of $17.39. 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 Announces Dividend

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

Wall Street Analyst Weigh In

KEY has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their target price on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Barclays lifted their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $20.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of KeyCorp in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods cut their price target on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” 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 given a buy rating to the company. Based on data from MarketBeat, KeyCorp currently has an average rating of “Moderate Buy” and a consensus target price 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.