Y Intercept Hong Kong Ltd Has $649,000 Stock Position in KeyCorp (NYSE:KEY)

Y Intercept Hong Kong Ltd decreased its stake in KeyCorp (NYSE:KEY) by 80.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,851 shares of the financial services provider’s stock after selling 156,778 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in KeyCorp were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of KEY. American Capital Advisory LLC acquired a new position in shares of KeyCorp in the 3rd quarter valued at $28,000. Larson Financial Group LLC boosted its position in shares of KeyCorp by 90.8% in the 3rd 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 during the period. Catalyst Capital Advisors LLC acquired a new position in shares of KeyCorp in the 3rd quarter valued at $35,000. Capital Performance Advisors LLP acquired a new position in shares of KeyCorp in the 3rd quarter valued at $38,000. Finally, Venturi Wealth Management LLC boosted its position in KeyCorp by 62.9% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 975 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Up 2.1 %

Shares of KEY stock opened at $17.33 on Friday. The stock’s 50 day simple moving average is $17.48 and its 200 day simple moving average is $17.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of -57.76, a PEG ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 4.73%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s payout ratio is -273.33%.

Analysts Set New Price Targets

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

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were bought at an average cost of $17.85 per share, with a total value of $892,500.00. Following the transaction, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by company 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.