New York Life Investment Management LLC Acquires 1,078 Shares of KeyCorp (NYSE:KEY)

New York Life Investment Management LLC lifted its holdings in shares of KeyCorp (NYSE:KEY) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 246,659 shares of the financial services provider’s stock after acquiring an additional 1,078 shares during the period. New York Life Investment Management LLC’s holdings in KeyCorp were worth $4,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in KEY. American Capital Advisory LLC acquired a new position in KeyCorp during the 3rd quarter valued at about $28,000. Larson Financial Group LLC lifted its holdings in shares of KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp during the third quarter valued at approximately $35,000. Capital Performance Advisors LLP bought a new stake in KeyCorp during the third quarter worth $38,000. Finally, Venturi Wealth Management LLC raised its position in KeyCorp by 62.9% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock valued at $42,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. The Goldman Sachs Group boosted their price target on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. DA Davidson dropped their target price 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. Finally, Truist Financial started coverage on KeyCorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price for the company. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Up 2.1 %

Shares of NYSE KEY opened at $17.33 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. The stock has a market capitalization of $19.15 billion, a PE ratio of -57.76, a P/E/G ratio of 0.65 and a beta of 1.26. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The business’s fifty day moving average price is $17.48 and its 200-day moving average price is $17.48.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is presently -273.33%.

Insiders Place Their Bets

In other KeyCorp news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were acquired at an average price of $17.85 per share, with a total value of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.61% 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.