KeyCorp (NYSE:KEY) Stock Position Increased by Candriam S.C.A.

Candriam S.C.A. grew its position in KeyCorp (NYSE:KEY) by 23.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 70,170 shares of the financial services provider’s stock after purchasing an additional 13,533 shares during the period. Candriam S.C.A.’s holdings in KeyCorp were worth $1,203,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in KeyCorp by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,117,238 shares of the financial services provider’s stock worth $19,149,000 after buying an additional 36,424 shares in the last quarter. Truist Financial Corp increased its holdings in shares of KeyCorp by 27.1% during the fourth quarter. Truist Financial Corp now owns 95,856 shares of the financial services provider’s stock valued at $1,643,000 after purchasing an additional 20,424 shares during the period. Avanza Fonder AB bought a new stake in shares of KeyCorp during the fourth quarter valued at about $1,618,000. Dai ichi Life Insurance Company Ltd bought a new stake in shares of KeyCorp during the third quarter valued at about $798,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in KeyCorp by 13.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock worth $5,101,000 after purchasing an additional 36,444 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank bought 50,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares of the company’s stock, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Analyst Ratings Changes

KEY has been the topic of several research analyst reports. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Morgan Stanley dropped their target price on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods decreased 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $18.50 price objective on shares of KeyCorp in a research note on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine 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 has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Down 1.2 %

Shares of NYSE:KEY opened at $15.75 on Monday. The firm has a 50 day simple moving average of $17.37 and a 200 day simple moving average of $17.49. KeyCorp has a 52 week low of $13.11 and a 52 week high of $20.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $17.40 billion, a PE ratio of -52.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 5.21%. KeyCorp’s payout ratio is currently -273.33%.

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.