Hantz Financial Services Inc. Increases Holdings in KeyCorp (NYSE:KEY)

Hantz Financial Services Inc. raised its position in KeyCorp (NYSE:KEY - Free Report) by 3.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 452,830 shares of the financial services provider's stock after purchasing an additional 15,487 shares during the period. Hantz Financial Services Inc.'s holdings in KeyCorp were worth $7,762,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of KEY. Azora Capital LP bought a new stake in shares of KeyCorp during the 3rd quarter valued at about $92,413,000. Assenagon Asset Management S.A. lifted its stake in KeyCorp by 280.3% in the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider's stock valued at $83,364,000 after buying an additional 3,668,168 shares during the period. Thrivent Financial for Lutherans boosted its stake in KeyCorp by 108.3% during the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider's stock worth $98,025,000 after acquiring an additional 3,042,060 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of KeyCorp by 164.9% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider's stock valued at $78,066,000 after purchasing an additional 2,900,971 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of KeyCorp by 279.6% during the 3rd quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider's stock worth $63,452,000 after purchasing an additional 2,790,192 shares in the last quarter. 79.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company's stock, valued at approximately $648,988.96. The trade was a 19.20 % 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 insiders.

KeyCorp Stock Performance

KeyCorp stock traded up $0.32 during mid-day trading on Thursday, reaching $17.99. The company's stock had a trading volume of 3,013,788 shares, compared to its average volume of 13,077,214. The company has a market capitalization of $17.83 billion, a P/E ratio of -59.95, a PEG ratio of 0.65 and a beta of 1.27. The firm's fifty day moving average price is $17.95 and its two-hundred day moving average price is $17.17. KeyCorp has a 12-month low of $13.10 and a 12-month high of $20.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.88 and a current ratio of 0.85.

KeyCorp Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.56%. KeyCorp's payout ratio is -273.32%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KEY shares. Keefe, Bruyette & Woods dropped their price target on KeyCorp from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 22nd. Barclays upped their target price on KeyCorp from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Truist Financial initiated coverage on KeyCorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 target price on the stock. Evercore ISI boosted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Finally, Stephens reaffirmed an "overweight" rating and issued a $20.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine equities 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 presently has an average rating of "Moderate Buy" and an average price target of $19.58.

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.