KeyCorp (NYSE:KEY) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC raised its stake in KeyCorp (NYSE:KEY) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,447 shares of the financial services provider’s stock after buying an additional 2,463 shares during the period. Metis Global Partners LLC’s holdings in KeyCorp were worth $556,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Azora Capital LP acquired a new position in shares of KeyCorp in the 3rd quarter valued at $92,413,000. Thrivent Financial for Lutherans lifted its stake in KeyCorp by 108.3% during the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock valued at $98,025,000 after buying an additional 3,042,060 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of KeyCorp by 164.9% in the third 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 buying an additional 2,900,971 shares during the period. Victory Capital Management Inc. increased its position in shares of KeyCorp by 279.6% in the third quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock worth $63,452,000 after acquiring an additional 2,790,192 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of KeyCorp by 1,124.8% during the fourth quarter. National Pension Service now owns 1,679,582 shares of the financial services provider’s stock valued at $28,788,000 after acquiring an additional 1,542,456 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Up 0.2 %

Shares of KEY stock opened at $16.27 on Thursday. The stock’s 50 day simple moving average is $17.43 and its 200 day simple moving average is $17.49. KeyCorp has a twelve month low of $13.11 and a twelve month high of $20.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of -54.21, a PEG ratio of 0.65 and a beta of 1.26.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s payout ratio is -273.33%.

Wall Street Analyst Weigh In

KEY has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $20.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $18.50 target price on shares of KeyCorp in a research report on Monday, February 3rd. Barclays upped their price target on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group raised their price objective on KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, KeyCorp presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

Insider Buying and Selling

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