KeyCorp (NYSE:KEY) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its position in KeyCorp (NYSE:KEY - Free Report) by 30.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,905 shares of the financial services provider's stock after selling 30,295 shares during the period. Valeo Financial Advisors LLC's holdings in KeyCorp were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings LLC boosted its stake in shares of KeyCorp by 4.7% during the 4th quarter. Chevy Chase Trust Holdings LLC now owns 520,955 shares of the financial services provider's stock worth $8,929,000 after acquiring an additional 23,293 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of KeyCorp by 8.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 364,147 shares of the financial services provider's stock valued at $6,263,000 after buying an additional 27,288 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of KeyCorp during the 4th quarter worth approximately $1,181,000. Allspring Global Investments Holdings LLC lifted its position in shares of KeyCorp by 52.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 75,499 shares of the financial services provider's stock valued at $1,282,000 after buying an additional 25,976 shares in the last quarter. Finally, Hartford Investment Management Co. grew its stake in KeyCorp by 6.1% in the 4th quarter. Hartford Investment Management Co. now owns 61,982 shares of the financial services provider's stock valued at $1,062,000 after acquiring an additional 3,563 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

KEY has been the topic of several research analyst reports. Citigroup lowered shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 target price on the stock. in a research report on Thursday, November 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $18.50 price objective on shares of KeyCorp in a report on Monday, February 3rd. Stephens reissued an "overweight" rating and set a $20.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Barclays lifted their price target on KeyCorp from $19.00 to $21.00 and gave the stock an "equal weight" rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $18.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

Insider Buying and Selling

In other 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 shares were purchased at an average price of $17.85 per share, with a total value of $892,500.00. Following the purchase, the director now owns 162,983,726 shares in the company, 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 document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

KeyCorp Trading Up 0.5 %

Shares of KeyCorp stock traded up $0.08 during trading hours on Wednesday, hitting $18.04. The company's stock had a trading volume of 7,571,990 shares, compared to its average volume of 12,629,576. The firm has a fifty day moving average of $17.56 and a 200-day moving average of $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 stock has a market cap of $17.88 billion, a price-to-earnings ratio of -60.14, a P/E/G ratio of 0.66 and a beta of 1.26. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.54%. KeyCorp's dividend payout ratio is currently -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.