Pacer Advisors Inc. Has $1.66 Million Stock Position in KeyCorp (NYSE:KEY)

Pacer Advisors Inc. boosted its holdings in shares of KeyCorp (NYSE:KEY - Free Report) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,035 shares of the financial services provider's stock after buying an additional 27,029 shares during the quarter. Pacer Advisors Inc.'s holdings in KeyCorp were worth $1,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in KeyCorp by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,606,503 shares of the financial services provider's stock worth $529,409,000 after purchasing an additional 993,942 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in KeyCorp by 3.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,114,598 shares of the financial services provider's stock valued at $119,170,000 after acquiring an additional 222,187 shares during the period. Thrivent Financial for Lutherans lifted its position 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 during the last quarter. Azora Capital LP bought a new stake in shares of KeyCorp during the third quarter worth approximately $92,413,000. Finally, Assenagon Asset Management S.A. grew its position in shares of 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 purchasing an additional 3,668,168 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on KEY. Wells Fargo & Company boosted their price target on KeyCorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research note on Friday, November 15th. UBS Group upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.50 price objective on shares of KeyCorp in a research note on Monday. Stephens restated an "overweight" rating and set a $20.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Piper Sandler lifted their price target on shares of KeyCorp from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.69.

KeyCorp Trading Down 0.5 %

Shares of KEY stock traded down $0.10 during mid-day trading on Wednesday, reaching $17.86. 11,389,579 shares of the stock traded hands, compared to its average volume of 13,536,473. The stock's fifty day simple moving average is $17.81 and its two-hundred day simple moving average is $17.24. The company has a market cap of $17.70 billion, a price-to-earnings ratio of -59.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.59%. KeyCorp's payout ratio is -273.32%.

KeyCorp 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.