KeyCorp (NYSE:KEY) Stock Holdings Lifted by AMG National Trust Bank

AMG National Trust Bank raised its position in shares of KeyCorp (NYSE:KEY) by 101.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,419 shares of the financial services provider’s stock after purchasing an additional 68,196 shares during the period. AMG National Trust Bank’s holdings in KeyCorp were worth $2,317,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KEY. Ethos Financial Group LLC bought a new position in KeyCorp during the fourth quarter valued at approximately $27,000. Larson Financial Group LLC increased its stake in shares of KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 918 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of KeyCorp in the 4th quarter valued at $34,000. Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the third quarter worth $35,000. Finally, Capital Performance Advisors LLP acquired a new position in KeyCorp during the third quarter worth $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

KeyCorp Trading Down 1.2 %

KeyCorp stock opened at $15.75 on Friday. KeyCorp has a 12 month low of $13.11 and a 12 month high of $20.04. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of -52.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The business has a 50 day moving average price of $17.37 and a two-hundred day moving average price of $17.48. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 5.21%. KeyCorp’s dividend payout ratio (DPR) is currently -273.33%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on KEY. 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. Piper Sandler upped their target price on KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods dropped 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. Barclays boosted their price objective 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, Stephens reiterated an “overweight” rating and issued a $20.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus 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.