KeyCorp (NYSE:KEY) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its stake in KeyCorp (NYSE:KEY - Free Report) by 1.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,998,312 shares of the financial services provider's stock after acquiring an additional 18,927 shares during the period. Rhumbline Advisers owned about 0.20% of KeyCorp worth $34,251,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in KEY. Charles Schwab Investment Management Inc. increased its holdings in KeyCorp by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,606,503 shares of the financial services provider's stock valued at $529,409,000 after purchasing an additional 993,942 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in KeyCorp by 3.2% during 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 grew its holdings in shares of KeyCorp by 108.3% in the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider's stock valued at $98,025,000 after purchasing an additional 3,042,060 shares in the last quarter. Azora Capital LP acquired a new position in shares of KeyCorp in the third quarter worth $92,413,000. Finally, Assenagon Asset Management S.A. increased its holdings in KeyCorp by 280.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider's stock worth $83,364,000 after purchasing an additional 3,668,168 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on KEY shares. The Goldman Sachs Group boosted their target price on KeyCorp from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada reiterated an "outperform" rating and set a $18.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Barclays lifted their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. Piper Sandler increased their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $18.50 price target on shares of KeyCorp in a report on Monday, February 3rd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $19.69.

KeyCorp Price Performance

KeyCorp stock traded down $0.64 during midday trading on Friday, reaching $16.94. The company's stock had a trading volume of 14,267,853 shares, compared to its average volume of 12,573,685. The stock's 50 day simple moving average is $17.54 and its 200 day simple moving average 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. The firm 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. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04.

KeyCorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Tuesday, March 4th. KeyCorp's dividend payout ratio (DPR) is -273.33%.

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.