KeyCorp (NYSE:KEY) Shares Sold by Morningstar Investment Management LLC

Morningstar Investment Management LLC decreased its position in shares of KeyCorp (NYSE:KEY - Free Report) by 68.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,810 shares of the financial services provider's stock after selling 40,794 shares during the period. Morningstar Investment Management LLC's holdings in KeyCorp were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. American Capital Advisory LLC acquired a new position in KeyCorp during the 3rd quarter valued at approximately $28,000. Larson Financial Group LLC boosted its holdings 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 acquiring an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in KeyCorp during the 3rd quarter worth about $35,000. Capital Performance Advisors LLP purchased a new stake in shares of KeyCorp in the third quarter worth about $38,000. Finally, Venturi Wealth Management LLC raised its position in KeyCorp by 62.9% during the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider's stock valued at $42,000 after acquiring an additional 975 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Stock Down 3.6 %

Shares of NYSE:KEY traded down $0.64 on Friday, hitting $16.94. 14,267,950 shares of the company's stock were exchanged, compared to its average volume of 12,620,343. 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 has a 1-year low of $13.10 and a 1-year high of $20.04. The company has a market capitalization of $16.80 billion, a PE ratio of -56.47, a P/E/G ratio of 0.67 and a beta of 1.26. The firm's 50-day moving average is $17.54 and its 200 day moving average is $17.37.

KeyCorp Announces Dividend

The company also recently declared 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 of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.84%. KeyCorp's dividend payout ratio is presently -273.33%.

Insiders Place Their Bets

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the company's stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KEY. JPMorgan Chase & Co. restated a "neutral" rating and issued a $18.50 price target on shares of KeyCorp in a research note on Monday, February 3rd. Truist Financial initiated coverage on KeyCorp in a report on Tuesday, January 7th. They set a "hold" rating and a $19.00 target price for the company. DA Davidson lowered their price target on KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Citigroup cut shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective for the company. in a research note on Thursday, November 7th. Finally, Piper Sandler upped their price target on KeyCorp from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.