CoreCap Advisors LLC purchased a new position in shares of KeyCorp (NYSE:KEY – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,403 shares of the financial services provider’s stock, valued at approximately $77,000.
Other large investors also recently made changes to their positions in the company. Continental Investors Services Inc. acquired a new stake in shares of KeyCorp during the 3rd quarter valued at $221,000. Boothbay Fund Management LLC bought a new position in shares of KeyCorp in the 3rd quarter worth about $271,000. Pathstone Family Office LLC increased its position in KeyCorp by 1.3% in the 3rd quarter. Pathstone Family Office LLC now owns 97,440 shares of the financial services provider’s stock valued at $1,568,000 after buying an additional 1,260 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in KeyCorp by 49.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,585 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 5,522 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of KeyCorp by 4.2% in the 3rd quarter. Greenleaf Trust now owns 26,017 shares of the financial services provider’s stock worth $417,000 after buying an additional 1,041 shares during the last quarter. Institutional investors own 82.11% of the company’s stock.
KeyCorp Trading Down 2.2 %
Shares of KEY stock opened at $9.89 on Tuesday. The firm has a market cap of $9.25 billion, a P/E ratio of 5.59, a PEG ratio of 1.36 and a beta of 1.24. KeyCorp has a 1-year low of $8.53 and a 1-year high of $20.30. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s 50-day simple moving average is $11.02 and its 200-day simple moving average is $15.40.
KeyCorp Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Tuesday, May 30th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.29%. The ex-dividend date of this dividend is Friday, May 26th. KeyCorp’s dividend payout ratio is presently 46.33%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the stock. StockNews.com assumed coverage on shares of KeyCorp in a report on Thursday, May 18th. They set a “sell” rating on the stock. Piper Sandler raised shares of KeyCorp from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $18.50 to $16.50 in a research note on Friday, March 10th. Wells Fargo & Company decreased their target price on shares of KeyCorp from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, April 21st. TheStreet cut shares of KeyCorp from a “b-” rating to a “c+” rating in a report on Monday, May 1st. Finally, The Goldman Sachs Group dropped their target price on shares of KeyCorp from $20.50 to $16.00 and set a “buy” rating on the stock in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.90.
Insider Activity
In other news, Director Ruth Ann M. Gillis bought 2,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were bought at an average cost of $12.95 per share, with a total value of $25,900.00. Following the transaction, the director now directly owns 42,961 shares in the company, valued at approximately $556,344.95. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ruth Ann M. Gillis bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was acquired at an average price of $12.95 per share, for a total transaction of $25,900.00. Following the transaction, the director now directly owns 42,961 shares of the company’s stock, valued at $556,344.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor B. Alexander purchased 8,500 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The shares were acquired at an average cost of $11.83 per share, with a total value of $100,555.00. Following the completion of the acquisition, the insider now directly owns 117,196 shares in the company, valued at $1,386,428.68. The disclosure for this purchase can be found here. Insiders bought a total of 87,700 shares of company stock worth $883,407 over the last 90 days. 0.54% of the stock is currently owned by company insiders.
About KeyCorp
KeyCorp is a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
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