KBC Group NV Purchases 58,181 Shares of KeyCorp (NYSE:KEY)

KBC Group NV boosted its position in shares of KeyCorp (NYSE:KEY) by 11.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 569,639 shares of the financial services provider’s stock after buying an additional 58,181 shares during the quarter. KBC Group NV’s holdings in KeyCorp were worth $9,764,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of KEY. Financial Advocates Investment Management lifted its position in KeyCorp by 2.3% in the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 602 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of KeyCorp by 27.0% in the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 650 shares in the last quarter. Graypoint LLC boosted its position in shares of KeyCorp by 4.7% during the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after buying an additional 675 shares during the period. Vontobel Holding Ltd. grew its holdings in shares of KeyCorp by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after buying an additional 679 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in KeyCorp by 5.7% in the 4th quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock valued at $220,000 after buying an additional 692 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KEY shares. UBS Group raised their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Stephens reiterated an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Evercore ISI increased their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Barclays lifted 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price target 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

KeyCorp Price Performance

Shares of NYSE KEY opened at $17.67 on Thursday. The firm has a market cap of $17.52 billion, a P/E ratio of -58.90, a price-to-earnings-growth ratio of 0.65 and a beta of 1.27. The business’s 50 day moving average is $17.98 and its 200-day moving average is $17.16. The company has a current ratio of 0.85, a quick ratio of 0.88 and a debt-to-equity ratio of 0.77. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04.

KeyCorp Announces Dividend

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 paid 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 4.64%. KeyCorp’s dividend payout ratio (DPR) is presently -273.32%.

Insider Buying and Selling

In other news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

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.