Andra AP fonden Reduces Position in KeyCorp (NYSE:KEY)

Andra AP fonden cut its position in KeyCorp (NYSE:KEY) by 71.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 145,300 shares of the financial services provider’s stock after selling 367,800 shares during the period. Andra AP fonden’s holdings in KeyCorp were worth $2,490,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Callan Family Office LLC purchased a new stake in shares of KeyCorp in the 4th quarter valued at approximately $205,000. Candriam S.C.A. increased its position in shares of KeyCorp by 23.9% in the 4th quarter. Candriam S.C.A. now owns 70,170 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 13,533 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of KeyCorp in the 4th quarter valued at approximately $27,000. Raymond James Financial Inc. purchased a new position in shares of KeyCorp in the 4th quarter valued at $42,827,000. Finally, Arizona State Retirement System grew its position in shares of KeyCorp by 1.4% in the 4th quarter. Arizona State Retirement System now owns 273,953 shares of the financial services provider’s stock valued at $4,696,000 after buying an additional 3,826 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Stock Down 1.2 %

KEY stock opened at $15.75 on Monday. KeyCorp has a one year low of $13.11 and a one year high of $20.04. The stock has a market capitalization of $17.40 billion, a PE ratio of -52.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The company has a fifty day moving average of $17.37 and a 200-day moving average of $17.49.

KeyCorp Announces Dividend

The company also recently announced 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. This represents a $0.82 annualized dividend and a dividend yield of 5.21%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is presently -273.33%.

Insider Transactions at KeyCorp

In related news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 trade represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on KEY shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of KeyCorp in a research report on Monday, February 3rd. DA Davidson dropped their target price on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Truist Financial started coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price on the stock. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

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.