Silverlake Wealth Management LLC Has $176,000 Stock Holdings in KeyCorp (NYSE:KEY)

Silverlake Wealth Management LLC cut its holdings in shares of KeyCorp (NYSE:KEY) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,267 shares of the financial services provider’s stock after selling 703 shares during the period. Silverlake Wealth Management LLC’s holdings in KeyCorp were worth $176,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its position in KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the period. American Capital Advisory LLC acquired a new stake in KeyCorp during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC boosted its position in KeyCorp by 90.8% during the 3rd 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 during the 3rd quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp during the 3rd quarter worth approximately $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on KEY shares. Piper Sandler boosted their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. DA Davidson dropped their price target on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. Stephens restated an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Barclays boosted their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.86 on Thursday. The firm has a market capitalization of $17.70 billion, a PE ratio of -59.51, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. The firm has a fifty day simple moving average of $17.81 and a two-hundred day simple moving average of $17.24. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.59%. 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.