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

Bradley Foster & Sargent Inc. CT increased its holdings in KeyCorp (NYSE:KEY) by 4.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 51,780 shares of the financial services provider’s stock after buying 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.

Other institutional investors have also made changes to their positions in the company. Azora Capital LP acquired a new position in KeyCorp in the 3rd quarter valued at $92,413,000. Thrivent Financial for Lutherans increased its position in shares of KeyCorp by 108.3% in the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock worth $98,025,000 after purchasing an additional 3,042,060 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in KeyCorp by 164.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider’s stock valued at $78,066,000 after purchasing an additional 2,900,971 shares in the last quarter. Victory Capital Management Inc. raised its stake in KeyCorp by 279.6% in the third quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock valued at $63,452,000 after purchasing an additional 2,790,192 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in KeyCorp by 1,974.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,541,680 shares of the financial services provider’s stock worth $25,823,000 after purchasing an additional 1,467,351 shares during the period. 79.69% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, with a total value of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KEY shares. Piper Sandler raised their target price on shares of KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. DA Davidson decreased their price objective on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company upped their target price on KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley reduced 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. Finally, 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 report on Tuesday, November 26th. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.69.

KeyCorp Trading Down 3.6 %

Shares of NYSE KEY opened at $16.94 on Friday. The firm has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $17.39. The stock has a market cap of $16.80 billion, a P/E ratio of -56.47, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. KeyCorp has a 52-week low of $13.10 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.

KeyCorp Announces Dividend

The business also recently disclosed 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 yield of 4.84%. KeyCorp’s payout ratio is -273.32%.

About KeyCorp

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.