Sapient Capital LLC Has $20.09 Million Stake in KeyCorp (NYSE:KEY)

Sapient Capital LLC boosted its position in shares of KeyCorp (NYSE:KEY - Free Report) by 3,321.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,172,049 shares of the financial services provider's stock after purchasing an additional 1,137,798 shares during the period. Sapient Capital LLC owned 0.12% of KeyCorp worth $20,089,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Financial Advocates Investment Management raised its holdings in KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider's stock worth $450,000 after acquiring an additional 602 shares during the period. HM Payson & Co. increased its holdings in shares of KeyCorp by 27.0% during the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider's stock worth $51,000 after purchasing an additional 650 shares during the period. Graypoint LLC increased its holdings in shares of KeyCorp by 4.7% during the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider's stock worth $250,000 after purchasing an additional 675 shares during the period. Vontobel Holding Ltd. increased its holdings in shares of KeyCorp by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock worth $565,000 after purchasing an additional 679 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of KeyCorp by 5.7% during the 4th quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider's stock worth $220,000 after purchasing an additional 692 shares during the period. Institutional investors and hedge funds own 79.69% of the company's stock.

KeyCorp Price Performance

NYSE:KEY traded up $0.25 on Friday, reaching $17.73. The stock had a trading volume of 8,283,918 shares, compared to its average volume of 12,941,900. The company has a market capitalization of $17.57 billion, a P/E ratio of -59.08, 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. The stock has a fifty day moving average price of $17.61 and a 200-day moving average price of $17.30.

KeyCorp Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.63%. KeyCorp's payout ratio is -273.32%.

Insider Buying and Selling at KeyCorp

In related news, Director Of Nova Scotia Bank acquired 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, with a total value of $892,500.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on KEY. Citigroup downgraded shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a report on Thursday, November 7th. Morgan Stanley dropped their price objective on shares of KeyCorp from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 22nd. Truist Financial initiated coverage on shares of KeyCorp in a report on Tuesday, January 7th. They set a "hold" rating and a $19.00 price objective on the stock. DA Davidson lowered their target price on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Finally, Barclays upped their target price 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. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.