Ethos Financial Group LLC Purchases Shares of 1,586 KeyCorp (NYSE:KEY)

Ethos Financial Group LLC purchased a new stake in shares of KeyCorp (NYSE:KEY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,586 shares of the financial services provider’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Modera Wealth Management LLC increased its stake in KeyCorp by 3.9% during the 4th quarter. Modera Wealth Management LLC now owns 16,521 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 627 shares in the last quarter. Graypoint LLC boosted its holdings in KeyCorp by 4.7% during the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 675 shares during the last quarter. Ballentine Partners LLC boosted its holdings in KeyCorp by 5.7% during the 4th quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 692 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in KeyCorp by 0.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 175,512 shares of the financial services provider’s stock worth $3,008,000 after acquiring an additional 695 shares during the last quarter. Finally, Proactive Wealth Strategies LLC boosted its holdings in KeyCorp by 4.1% during the 4th quarter. Proactive Wealth Strategies LLC now owns 17,886 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 699 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

Shares of KEY stock opened at $15.75 on Friday. The stock has a fifty day moving average of $17.37 and a 200 day moving average of $17.48. KeyCorp has a 52 week low of $13.11 and a 52 week high of $20.04. The firm has a market capitalization of $17.40 billion, a price-to-earnings ratio of -52.48, a PEG 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.

KeyCorp Dividend Announcement

The company 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 $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 5.21%. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KEY. 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price objective on shares of KeyCorp in a report on Monday, February 3rd. Barclays lifted their price objective on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley cut their price target on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Insiders Place Their Bets

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the acquisition, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by corporate 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.