KeyCorp (NYSE:KEY) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its position in KeyCorp (NYSE:KEY) by 10.0% in the 4th quarter, Holdings Channel reports. The fund owned 219,295 shares of the financial services provider’s stock after acquiring an additional 19,998 shares during the period. Exchange Traded Concepts LLC’s holdings in KeyCorp were worth $3,759,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in KEY. Wolff Wiese Magana LLC boosted its holdings in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC purchased a new stake in shares of KeyCorp in the third quarter valued at approximately $28,000. Larson Financial Group LLC grew its holdings in KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 918 shares during the period. Catalyst Capital Advisors LLC purchased a new position in KeyCorp in the third quarter worth $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp in the third quarter valued at $38,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 1.2 %

Shares of KEY opened at $17.69 on Friday. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04. The company has a market capitalization of $17.53 billion, a PE ratio of -58.96, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. The stock has a fifty day moving average of $18.03 and a two-hundred day moving average of $17.09. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.88 and a current ratio of 0.85.

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. This represents a $0.82 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is currently -273.32%.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of recent analyst reports. Citigroup cut shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Thursday, November 7th. Baird R W lowered shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Barclays lifted their price target on shares of KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research note on Wednesday. Finally, Stephens reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of KeyCorp in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

Insider Activity at KeyCorp

In other news, insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the transaction, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.