Blue Trust Inc. Has $251,000 Stock Holdings in KeyCorp (NYSE:KEY)

Blue Trust Inc. decreased its position in KeyCorp (NYSE:KEY - Free Report) by 61.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,651 shares of the financial services provider's stock after selling 23,245 shares during the quarter. Blue Trust Inc.'s holdings in KeyCorp were worth $251,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avanza Fonder AB bought a new position in shares of KeyCorp in the fourth quarter valued at approximately $1,618,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of KeyCorp by 14.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider's stock valued at $10,928,000 after purchasing an additional 85,052 shares during the period. Dai ichi Life Insurance Company Ltd bought a new position in shares of KeyCorp in the third quarter valued at approximately $798,000. State of New Jersey Common Pension Fund D grew its stake in shares of KeyCorp by 13.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider's stock worth $5,101,000 after acquiring an additional 36,444 shares during the last quarter. Finally, Prospector Partners LLC acquired a new stake in shares of KeyCorp in the third quarter worth $9,630,000. Institutional investors own 79.69% of the company's stock.

KeyCorp Trading Down 3.2 %

Shares of KEY stock traded down $0.56 on Friday, reaching $17.03. The company had a trading volume of 6,094,640 shares, compared to its average volume of 12,367,785. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. The stock has a market cap of $16.88 billion, a PE ratio of -56.71, a PEG ratio of 0.67 and a beta of 1.26. The company has a 50-day moving average of $17.54 and a 200-day moving average of $17.37. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.82%. KeyCorp's dividend payout ratio is presently -273.33%.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now owns 162,983,726 shares of the company's stock, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KEY shares. DA Davidson lowered their price objective on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Citigroup downgraded shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Thursday, November 7th. Morgan Stanley lowered their price objective on shares of KeyCorp from $23.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 22nd. Piper Sandler lifted their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of KeyCorp from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.69.

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.