Czech National Bank Acquires 25,856 Shares of KeyCorp (NYSE:KEY)

Czech National Bank raised its position in shares of KeyCorp (NYSE:KEY - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,923 shares of the financial services provider's stock after purchasing an additional 25,856 shares during the quarter. Czech National Bank's holdings in KeyCorp were worth $3,684,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in KeyCorp in the 2nd quarter worth approximately $283,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of KeyCorp by 40.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 82,111 shares of the financial services provider's stock valued at $1,167,000 after purchasing an additional 23,604 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of KeyCorp by 4.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,922,921 shares of the financial services provider's stock valued at $27,325,000 after purchasing an additional 78,856 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of KeyCorp during the second quarter valued at $529,000. Finally, Dimensional Fund Advisors LP increased its holdings in KeyCorp by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider's stock worth $149,299,000 after buying an additional 300,339 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

KEY has been the topic of several research analyst reports. Wedbush upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. Truist Financial initiated coverage on shares of KeyCorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 target price on the stock. UBS Group lifted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. DA Davidson increased their price target on KeyCorp from $19.00 to $20.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Piper Sandler raised their price target on KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.44.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now owns 37,864 shares in the company, valued at $648,988.96. The trade was a 19.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the transaction, the insider now owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.

KeyCorp Price Performance

Shares of KEY traded down $0.30 during mid-day trading on Thursday, reaching $17.85. The stock had a trading volume of 16,414,269 shares, compared to its average volume of 12,312,406. The business has a fifty day moving average of $18.22 and a 200 day moving average of $16.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 1,784.50, a PEG ratio of 0.63 and a beta of 1.27. KeyCorp has a 12 month low of $12.94 and a 12 month high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. Equities analysts predict that KeyCorp will post 1.1 EPS for the current year.

KeyCorp Announces Dividend

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 4.60%. KeyCorp's dividend payout ratio is currently 8,200.00%.

About KeyCorp

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.