National Pension Service Increases Stock Position in KeyCorp (NYSE:KEY)

National Pension Service lifted its holdings in shares of KeyCorp (NYSE:KEY) by 1,124.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,679,582 shares of the financial services provider’s stock after purchasing an additional 1,542,456 shares during the quarter. National Pension Service owned about 0.17% of KeyCorp worth $28,788,000 as of its most recent filing with the SEC.

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

KeyCorp Stock Up 2.1 %

KEY stock opened at $17.33 on Friday. 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 twelve month low of $13.10 and a twelve month high of $20.04. The company’s 50 day moving average is $17.48 and its two-hundred day moving average is $17.48. The stock has a market cap of $19.15 billion, a P/E ratio of -57.76, a PEG ratio of 0.65 and a beta of 1.26.

KeyCorp Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on KEY. The Goldman Sachs Group increased their price target on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Stephens reaffirmed an “overweight” rating and issued a $20.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Citigroup cut shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Thursday, November 7th. Finally, Barclays raised their target price on shares of KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the transaction, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 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.