Commerzbank Aktiengesellschaft FI Acquires Shares of 10,511 KeyCorp (NYSE:KEY)

Commerzbank Aktiengesellschaft FI bought a new position in shares of KeyCorp (NYSE:KEY) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,511 shares of the financial services provider’s stock, valued at approximately $180,000.

Several other hedge funds and other institutional investors have also modified their holdings of KEY. Larson Financial Group LLC lifted its position 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 last quarter. SBI Securities Co. Ltd. acquired a new position in shares of KeyCorp in the fourth quarter valued at approximately $34,000. Catalyst Capital Advisors LLC bought a new position in shares of KeyCorp during the third quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new stake in KeyCorp during the 3rd quarter worth approximately $38,000. Finally, Venturi Wealth Management LLC boosted its stake in KeyCorp by 62.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 975 shares during the period. Institutional investors own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the purchase, the director now owns 162,983,726 shares of the company’s stock, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by insiders.

KeyCorp Price Performance

Shares of KEY stock opened at $15.93 on Friday. KeyCorp has a twelve month low of $13.11 and a twelve month high of $20.04. 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 business has a fifty day simple moving average of $17.40 and a 200 day simple moving average of $17.48. The company has a market cap of $17.60 billion, a P/E ratio of -53.08, a P/E/G ratio of 0.65 and a beta of 1.26.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.15%. KeyCorp’s payout ratio is currently -273.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Thursday, November 7th. DA Davidson dropped their price objective on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods cut their price objective on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Finally, Stephens reiterated an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.69.

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.