Triasima Portfolio Management inc. Grows Stock Position in KeyCorp (NYSE:KEY)

Triasima Portfolio Management inc. boosted its stake in shares of KeyCorp (NYSE:KEY - Free Report) by 107.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 201,580 shares of the financial services provider's stock after acquiring an additional 104,506 shares during the quarter. Triasima Portfolio Management inc.'s holdings in KeyCorp were worth $3,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wolff Wiese Magana LLC raised its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 1,142 shares during the period. American Capital Advisory LLC bought a new position in shares of KeyCorp during the third quarter valued at approximately $28,000. Larson Financial Group LLC raised its holdings in shares of KeyCorp by 90.8% in 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 during the period. Catalyst Capital Advisors LLC purchased a new stake in KeyCorp in the third quarter worth $35,000. Finally, Capital Performance Advisors LLP purchased a new position in KeyCorp during the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 79.69% of the company's stock.

Insider Transactions at KeyCorp

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was acquired at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares of the company's stock, 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 Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

KeyCorp Stock Performance

Shares of KeyCorp stock traded up $0.04 on Tuesday, hitting $17.55. The stock had a trading volume of 4,633,786 shares, compared to its average volume of 12,974,093. The company's 50 day moving average price is $17.68 and its 200 day moving average price is $17.29. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -58.53, a P/E/G ratio of 0.66 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. KeyCorp has a 52-week low of $13.10 and a 52-week high of $20.04.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.67%. KeyCorp's payout ratio is currently -273.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KEY shares. Truist Financial assumed coverage on shares of KeyCorp in a report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 target price for the company. Wells Fargo & Company raised their target price on KeyCorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Barclays increased their target price on shares of KeyCorp from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. The Goldman Sachs Group boosted their price target on shares of KeyCorp from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.69.

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.