KLCM Advisors Inc. Has $2.60 Million Stock Holdings in KeyCorp (NYSE:KEY)

KLCM Advisors Inc. lifted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,614 shares of the financial services provider's stock after buying an additional 15,123 shares during the quarter. KLCM Advisors Inc.'s holdings in KeyCorp were worth $2,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of KeyCorp by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 1,117,238 shares of the financial services provider's stock worth $19,149,000 after purchasing an additional 36,424 shares during the period. Valmark Advisers Inc. lifted its position in shares of KeyCorp by 1.9% during the 4th quarter. Valmark Advisers Inc. now owns 112,077 shares of the financial services provider's stock valued at $1,921,000 after acquiring an additional 2,077 shares during the period. Principal Securities Inc. increased its position in shares of KeyCorp by 5.7% in the fourth quarter. Principal Securities Inc. now owns 20,459 shares of the financial services provider's stock worth $351,000 after purchasing an additional 1,096 shares during the period. Rhumbline Advisers lifted its position in KeyCorp by 1.0% during the fourth quarter. Rhumbline Advisers now owns 1,998,312 shares of the financial services provider's stock worth $34,251,000 after purchasing an additional 18,927 shares during the period. Finally, ABC Arbitrage SA acquired a new stake in KeyCorp during the fourth quarter worth about $2,546,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price 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 approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

KeyCorp Trading Down 2.5 %

Shares of NYSE:KEY traded down $0.46 during mid-day trading on Thursday, reaching $17.58. 10,336,093 shares of the company's stock were exchanged, compared to its average volume of 12,570,396. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of -58.58, a PEG ratio of 0.66 and a beta of 1.26. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04. The business's fifty day moving average price is $17.55 and its 200-day moving average price is $17.37. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.67%. The ex-dividend date is Tuesday, March 4th. KeyCorp's payout ratio is presently -273.32%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on KEY shares. Truist Financial assumed coverage on shares of KeyCorp in a report on Tuesday, January 7th. They set a "hold" rating and a $19.00 price target for the company. Keefe, Bruyette & Woods reduced their target price on KeyCorp from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. Citigroup cut KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a report on Thursday, November 7th. UBS Group upped their price objective on KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, DA Davidson decreased their target price on KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a research report 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.69.

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.