Candriam S.C.A. Has $1.20 Million Holdings in KeyCorp (NYSE:KEY)

Candriam S.C.A. raised its position in shares of KeyCorp (NYSE:KEY) by 23.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,170 shares of the financial services provider’s stock after purchasing an additional 13,533 shares during the period. Candriam S.C.A.’s holdings in KeyCorp were worth $1,203,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KEY. Principal Financial Group Inc. increased 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 buying an additional 36,424 shares during the last quarter. Truist Financial Corp grew its position in KeyCorp by 27.1% in the fourth quarter. Truist Financial Corp now owns 95,856 shares of the financial services provider’s stock worth $1,643,000 after acquiring an additional 20,424 shares in the last quarter. Avanza Fonder AB acquired a new position in shares of KeyCorp during the 4th quarter worth $1,618,000. Dai ichi Life Insurance Company Ltd bought a new position in shares of KeyCorp during the 3rd quarter valued at $798,000. Finally, State of New Jersey Common Pension Fund D lifted its stake in shares of KeyCorp by 13.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock valued at $5,101,000 after purchasing an additional 36,444 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial began coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 target price on the stock. Keefe, Bruyette & Woods lowered their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. DA Davidson lowered their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Wells Fargo & Company lifted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

Insider Activity

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now directly owns 162,983,726 shares of the company’s stock, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

KeyCorp Trading Down 1.2 %

Shares of KEY opened at $15.75 on Monday. The stock’s 50-day moving average price is $17.37 and its 200 day moving average price is $17.49. 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 market capitalization of $17.40 billion, a price-to-earnings ratio of -52.48, a P/E/G ratio of 0.65 and a beta of 1.26. KeyCorp has a 12-month low of $13.11 and a 12-month high of $20.04.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.21%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s 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.