KeyCorp (NYSE:KEY) Shares Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its position in shares of KeyCorp (NYSE:KEY) by 42.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,623,874 shares of the financial services provider’s stock after acquiring an additional 483,932 shares during the period. Los Angeles Capital Management LLC owned about 0.16% of KeyCorp worth $27,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in KEY. American Capital Advisory LLC acquired a new stake in KeyCorp in the third quarter worth $28,000. Larson Financial Group LLC increased its position in 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 acquired a new stake in KeyCorp in the third quarter worth $35,000. Capital Performance Advisors LLP acquired a new stake in KeyCorp in the third quarter worth $38,000. Finally, Venturi Wealth Management LLC increased its position in KeyCorp by 62.9% in the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock worth $42,000 after buying an additional 975 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KEY shares. Barclays increased their target price on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Morgan Stanley decreased their price target on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 22nd. Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Truist Financial assumed coverage on KeyCorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Trading Down 0.4 %

Shares of NYSE KEY opened at $16.70 on Wednesday. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04. The company has a market cap of $16.55 billion, a price-to-earnings ratio of -55.65, a P/E/G ratio of 0.65 and a beta of 1.26. 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 business has a fifty day simple moving average of $17.47 and a 200-day simple moving average of $17.47.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio is currently -273.33%.

Insider Buying and Selling

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost 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 legal filing with the SEC, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

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.