Atria Investments Inc Has $305,000 Stock Holdings in KeyCorp (NYSE:KEY)

Atria Investments Inc decreased its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 49.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,805 shares of the financial services provider's stock after selling 17,356 shares during the period. Atria Investments Inc's holdings in KeyCorp were worth $305,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its position in KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in KeyCorp in the fourth quarter valued at $34,000. Whipplewood Advisors LLC bought a new position in KeyCorp in the fourth quarter valued at $45,000. Crews Bank & Trust bought a new position in KeyCorp in the fourth quarter valued at $51,000. Finally, Truvestments Capital LLC bought a new position in KeyCorp in the third quarter valued at $55,000. Institutional investors own 79.69% of the company's stock.

KeyCorp Price Performance

Shares of NYSE:KEY traded up $0.05 during midday trading on Friday, hitting $16.14. The stock had a trading volume of 57,034,558 shares, compared to its average volume of 12,073,895. The company's 50-day moving average price is $17.09 and its 200-day moving average price is $17.40. The company has a market capitalization of $17.83 billion, a P/E ratio of -53.78, 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 $13.11 and a fifty-two week high of $20.04.

Remove Ads

KeyCorp declared that its board has initiated a share buyback plan on Thursday, March 13th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to buy up to 6% of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its shares are undervalued.

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Tuesday, March 4th. KeyCorp's payout ratio is presently -273.33%.

Insider Activity

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now directly owns 162,983,726 shares of the company's stock, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KEY. Truist Financial decreased their price objective on shares of KeyCorp from $19.00 to $18.00 and set a "hold" rating for the company in a research report on Friday. DA Davidson decreased their price objective on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. Stephens reissued an "overweight" rating and issued a $20.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.58.

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.