KeyCorp (NYSE:KEY) Short Interest Update

KeyCorp (NYSE:KEY) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 18,530,000 shares, an increase of 8.0% from the December 31st total of 17,150,000 shares. Based on an average daily volume of 9,510,000 shares, the short-interest ratio is presently 1.9 days.

KeyCorp Trading Up 1.6 %

KEY stock opened at $17.75 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $17.59 billion, a price-to-earnings ratio of -59.21, a P/E/G ratio of 0.66 and a beta of 1.26. The business has a fifty day moving average price of $17.89 and a 200 day moving average price of $17.21. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.62%. KeyCorp’s dividend payout ratio is -273.32%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on KEY. Wells Fargo & Company increased their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods cut their price target on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Thursday, November 7th. Morgan Stanley reduced their target price on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Finally, Barclays raised their price target 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. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Insider Buying and Selling

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On KeyCorp

Hedge funds have recently added to or reduced their stakes in the stock. Financial Advocates Investment Management grew its stake 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 during the last quarter. HM Payson & Co. lifted its holdings in KeyCorp by 27.0% during the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock worth $51,000 after buying an additional 650 shares in the last quarter. Graypoint LLC boosted its position in KeyCorp by 4.7% in the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock valued at $250,000 after buying an additional 675 shares during the last quarter. Vontobel Holding Ltd. increased 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 valued at $565,000 after buying an additional 679 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of KeyCorp by 5.7% during the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 692 shares during the last quarter. Institutional investors own 79.69% 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.