108,540 Shares in KeyCorp (NYSE:KEY) Bought by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in shares of KeyCorp (NYSE:KEY) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 108,540 shares of the financial services provider’s stock, valued at approximately $1,849,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in KeyCorp during the 3rd quarter worth $28,000. Larson Financial Group LLC grew its stake in 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 bought a new position in KeyCorp during the 3rd quarter worth $35,000. Capital Performance Advisors LLP bought a new position in KeyCorp during the 3rd quarter worth $38,000. Finally, Venturi Wealth Management LLC grew its stake in KeyCorp by 62.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock worth $42,000 after buying an additional 975 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. DA Davidson reduced their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Truist Financial assumed coverage on KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 price target for the company. 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 research report on Tuesday, November 26th. Finally, Barclays boosted their price target on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. 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, KeyCorp currently has a consensus rating of “Moderate Buy” and an average target price of $19.69.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by insiders.

KeyCorp Trading Down 3.6 %

Shares of KeyCorp stock opened at $16.94 on Monday. The business has a fifty day simple moving average of $17.52 and a 200-day simple moving average of $17.44. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of -56.47, a price-to-earnings-growth 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. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is presently -273.32%.

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.