Proficio Capital Partners LLC acquired a new position in shares of KeyCorp (NYSE:KEY - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 88,614 shares of the financial services provider's stock, valued at approximately $1,519,000.
Several other institutional investors have also recently added to or reduced their stakes in KEY. Larson Financial Group LLC grew its holdings in shares of KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in KeyCorp during the third quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new stake in KeyCorp in the 3rd quarter worth approximately $38,000. Venturi Wealth Management LLC grew its stake in KeyCorp by 62.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider's stock worth $42,000 after acquiring an additional 975 shares during the period. Finally, Whipplewood Advisors LLC purchased a new position in shares of KeyCorp during the 4th quarter worth $45,000. Institutional investors and hedge funds own 79.69% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on KEY. Stephens reaffirmed an "overweight" rating and set a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Morgan Stanley dropped their target price on shares of KeyCorp from $23.00 to $22.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on shares of KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Barclays increased their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research report on Monday, January 6th. Finally, Citigroup upgraded shares of KeyCorp from a "neutral" rating to a "buy" rating and set a $20.00 target price on the stock in a report on Monday. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.75.
Check Out Our Latest Stock Report on KEY
Insider Buying and Selling
In related news, Director Of Nova Scotia Bank bought 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now directly owns 162,983,726 shares of the company's stock, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company's stock.
KeyCorp Stock Performance
Shares of KeyCorp stock traded down $0.59 during trading on Monday, hitting $15.15. 22,086,806 shares of the stock were exchanged, compared to its average volume of 11,922,973. The stock has a market cap of $16.74 billion, a PE ratio of -50.48, a P/E/G ratio of 0.65 and a beta of 1.26. The stock's fifty day moving average is $17.37 and its 200 day moving average is $17.49. KeyCorp has a 12 month low of $13.11 and a 12 month high of $20.04. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 5.41%. KeyCorp's dividend payout ratio is presently -273.33%.
KeyCorp Company Profile
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Free Report)
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.
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