63,178 Shares in KeyCorp (NYSE:KEY) Acquired by GAM Holding AG

GAM Holding AG purchased a new position in KeyCorp (NYSE:KEY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,178 shares of the financial services provider's stock, valued at approximately $1,083,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American Capital Advisory LLC bought a new position in KeyCorp in the third quarter worth approximately $28,000. Larson Financial Group LLC raised its stake in shares of KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of KeyCorp in the third quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new stake in shares of KeyCorp in the third quarter worth approximately $38,000. Finally, Venturi Wealth Management LLC raised its stake in shares of KeyCorp by 62.9% in the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider's stock worth $42,000 after purchasing an additional 975 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Citigroup downgraded KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Thursday, November 7th. Stephens reissued an "overweight" rating and issued a $20.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on KeyCorp from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Piper Sandler increased their price objective on KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $18.50 price target on shares of KeyCorp in a research report on Monday, February 3rd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

KeyCorp Stock Performance

Shares of NYSE KEY traded down $0.64 during trading on Friday, hitting $16.94. The company had a trading volume of 14,267,950 shares, compared to its average volume of 12,620,343. The stock has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $17.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04. The firm has a market capitalization of $16.80 billion, a P/E ratio of -56.47, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Tuesday, March 4th. KeyCorp's dividend payout ratio is currently -273.33%.

Insider Buying and Selling

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

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.