Mn Services Vermogensbeheer B.V. Grows Stake in KeyCorp (NYSE:KEY)

Mn Services Vermogensbeheer B.V. grew its position in KeyCorp (NYSE:KEY) by 2.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 375,710 shares of the financial services provider’s stock after purchasing an additional 7,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in KeyCorp were worth $6,440,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in KeyCorp by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,117,238 shares of the financial services provider’s stock worth $19,149,000 after purchasing an additional 36,424 shares during the last quarter. Truist Financial Corp lifted its stake 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 worth $1,643,000 after buying an additional 20,424 shares during the period. Avanza Fonder AB acquired a new stake in shares of KeyCorp during the fourth quarter worth $1,618,000. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of KeyCorp during the third quarter worth $798,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of KeyCorp by 13.6% during 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 buying an additional 36,444 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on KEY shares. Barclays lifted 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. Truist Financial started coverage on shares of KeyCorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $19.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered 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. Finally, DA Davidson decreased their target price on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

KeyCorp Stock Up 2.1 %

KEY stock opened at $17.33 on Friday. KeyCorp has a 52 week low of $13.10 and a 52 week high of $20.04. The stock has a market capitalization of $19.15 billion, a P/E ratio of -57.76, a P/E/G ratio of 0.65 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The firm has a 50-day simple moving average of $17.48 and a 200-day simple moving average of $17.48.

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 of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.73%. KeyCorp’s dividend payout ratio is presently -273.33%.

KeyCorp Company 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.