O Shaughnessy Asset Management LLC Buys 21,721 Shares of KeyCorp (NYSE:KEY)

O Shaughnessy Asset Management LLC boosted its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,143 shares of the financial services provider's stock after purchasing an additional 21,721 shares during the period. O Shaughnessy Asset Management LLC's holdings in KeyCorp were worth $3,550,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Whittier Trust Co. grew its holdings in shares of KeyCorp by 110.3% in the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after acquiring an additional 800 shares during the last quarter. Ethos Financial Group LLC purchased a new stake in shares of KeyCorp in the 4th quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of KeyCorp in the fourth quarter valued at $34,000. TCTC Holdings LLC raised its position in KeyCorp by 38.6% during the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after buying an additional 611 shares during the period. Finally, Whipplewood Advisors LLC purchased a new stake in KeyCorp in the 4th quarter worth about $45,000. 79.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KEY. Stephens reiterated an "overweight" rating and issued a $20.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Citigroup cut their price objective on KeyCorp from $20.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 24th. Truist Financial dropped their target price on KeyCorp from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. DA Davidson lowered their price target on KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $18.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.31.

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KeyCorp Stock Performance

KEY traded down $0.67 during midday trading on Friday, reaching $13.45. The company's stock had a trading volume of 23,356,702 shares, compared to its average volume of 12,715,053. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. The company has a fifty day simple moving average of $16.67 and a 200 day simple moving average of $17.37. The stock has a market cap of $14.74 billion, a P/E ratio of -44.83, a PEG ratio of 0.65 and a beta of 1.06. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date was Tuesday, March 4th. KeyCorp's dividend payout ratio (DPR) is currently -273.33%.

KeyCorp announced that its board has authorized a share buyback program on Thursday, March 13th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Activity at KeyCorp

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased 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 directly owns 162,983,726 shares of the company's stock, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.61% of the company's stock.

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.