KBC Group NV Boosts Stock Holdings in KeyCorp (NYSE:KEY)

KBC Group NV boosted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569,639 shares of the financial services provider's stock after purchasing an additional 58,181 shares during the period. KBC Group NV owned approximately 0.06% of KeyCorp worth $9,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its position in shares of KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,142 shares during the period. American Capital Advisory LLC purchased a new stake in KeyCorp in the third quarter valued at $28,000. Larson Financial Group LLC lifted its stake in shares of KeyCorp by 90.8% in the 3rd 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 during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp during the 3rd quarter worth $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of KeyCorp during the 3rd quarter worth about $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on KEY. The Goldman Sachs Group upped their target price 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. Stephens restated an "overweight" rating and issued a $20.00 price objective on shares of KeyCorp in a report on Wednesday, January 22nd. Truist Financial began coverage on shares of KeyCorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 target price for the company. Royal Bank of Canada restated an "outperform" rating and set a $18.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Finally, DA Davidson dropped their price objective on KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.58.

KeyCorp Stock Up 1.9 %

Shares of KEY stock traded up $0.34 on Thursday, reaching $18.01. 8,668,022 shares of the stock were exchanged, compared to its average volume of 13,338,021. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04. The company has a current ratio of 0.85, a quick ratio of 0.88 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $17.86 billion, a price-to-earnings ratio of -60.25, a PEG ratio of 0.65 and a beta of 1.27. The business's 50 day moving average price is $17.95 and its 200 day moving average price is $17.17.

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 paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp's payout ratio is -273.33%.

Insider Activity at KeyCorp

In other news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela G. Mago sold 15,011 shares of the company'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 completion of the sale, the insider now directly owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by corporate insiders.

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.