Mcdonald Partners LLC Sells 1,231 Shares of KeyCorp (NYSE:KEY)

Mcdonald Partners LLC lessened its stake in shares of KeyCorp (NYSE:KEY) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,643 shares of the financial services provider’s stock after selling 1,231 shares during the quarter. Mcdonald Partners LLC’s holdings in KeyCorp were worth $388,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in KEY. Azora Capital LP acquired a new position in shares of KeyCorp during the 3rd quarter worth about $92,413,000. Assenagon Asset Management S.A. lifted its position in shares of 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 last quarter. Thrivent Financial for Lutherans lifted its position in shares of KeyCorp by 108.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock worth $98,025,000 after purchasing an additional 3,042,060 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of KeyCorp by 164.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider’s stock worth $78,066,000 after purchasing an additional 2,900,971 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of KeyCorp by 279.6% during the 3rd quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock worth $63,452,000 after purchasing an additional 2,790,192 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Thursday, November 7th. Morgan Stanley cut their price target on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Barclays upped their price target on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Finally, Piper Sandler upped their price target on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.69.

Insider Buying and Selling

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now directly 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 purchase was disclosed in a filing with the SEC, which is available through this link. 0.67% of the stock is owned by corporate insiders.

KeyCorp Price Performance

NYSE KEY opened at $17.95 on Wednesday. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The stock’s 50 day simple moving average is $17.57 and its 200 day simple moving average is $17.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 yield of 4.57%. KeyCorp’s dividend payout ratio (DPR) is presently -273.32%.

About KeyCorp

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.