Victory Capital Management Inc. Raises Holdings in KeyCorp (NYSE:KEY)

Victory Capital Management Inc. lifted its stake in KeyCorp (NYSE:KEY - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,946,074 shares of the financial services provider's stock after acquiring an additional 2,157,901 shares during the period. Victory Capital Management Inc. owned 0.60% of KeyCorp worth $101,916,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KEY. American Capital Advisory LLC bought a new position in shares of KeyCorp in the 3rd quarter worth $28,000. Larson Financial Group LLC raised its position in shares of KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after acquiring an additional 918 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of KeyCorp in the 4th quarter worth $34,000. Catalyst Capital Advisors LLC bought a new position in shares of KeyCorp in the 3rd quarter worth $35,000. Finally, Capital Performance Advisors LLP bought a new position in shares of KeyCorp in the 3rd quarter worth $38,000. 79.69% of the stock is owned by institutional investors.

Insider Transactions at KeyCorp

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now directly owns 162,983,726 shares of the company's stock, valued at $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company's stock.

KeyCorp Stock Up 0.2 %

Shares of KEY stock opened at $16.27 on Thursday. The stock's 50-day simple moving average is $17.43 and its 200-day simple moving average is $17.49. 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 $17.97 billion, a PE ratio of -54.21, a P/E/G ratio of 0.65 and a beta of 1.26. KeyCorp has a fifty-two week low of $13.11 and a fifty-two week high of $20.04.

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 paid a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.04%. KeyCorp's payout ratio is -273.33%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KEY shares. Citigroup lowered KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Thursday, November 7th. Barclays upped their target price on KeyCorp from $19.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, January 6th. Piper Sandler upped their target price on KeyCorp from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $18.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Stephens reaffirmed an "overweight" rating and set a $20.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Nine equities research 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, the company has a consensus rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.