KeyCorp (NYSE:KEY) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC decreased its holdings in KeyCorp (NYSE:KEY) by 4.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,411,527 shares of the financial services provider’s stock after selling 69,043 shares during the period. Todd Asset Management LLC’s holdings in KeyCorp were worth $24,194,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Capital Advisory LLC acquired a new position in KeyCorp during the third quarter worth approximately $28,000. Larson Financial Group LLC increased its holdings 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 buying an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp in the 3rd quarter worth $35,000. Capital Performance Advisors LLP acquired a new position in KeyCorp in the third quarter valued at $38,000. Finally, Venturi Wealth Management LLC boosted its holdings in KeyCorp by 62.9% in the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 975 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now owns 162,983,726 shares of the company’s stock, valued at $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 is accessible through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

KeyCorp Stock Down 0.9 %

KEY stock opened at $16.79 on Tuesday. The firm has a fifty day moving average price of $17.49 and a two-hundred day moving average price of $17.45. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04. The firm has a market cap of $16.64 billion, a price-to-earnings ratio of -55.95, a PEG ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.89%. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on KEY shares. Barclays raised their price objective on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Wells Fargo & Company raised their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods decreased their price objective on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, November 7th. Finally, Piper Sandler increased their target price on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

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.