Nwam LLC Lowers Position in KeyCorp (NYSE:KEY)

Nwam LLC decreased its stake in shares of KeyCorp (NYSE:KEY) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,827 shares of the financial services provider’s stock after selling 892 shares during the quarter. Nwam LLC’s holdings in KeyCorp were worth $306,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. American Capital Advisory LLC bought a new position in shares of KeyCorp during the 3rd quarter valued at about $28,000. Larson Financial Group LLC lifted its position 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 worth $32,000 after buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in KeyCorp during the third quarter valued at approximately $35,000. Capital Performance Advisors LLP purchased a new position in KeyCorp during the 3rd quarter valued at approximately $38,000. Finally, Venturi Wealth Management LLC increased its stake 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 worth $42,000 after acquiring an additional 975 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the completion of 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

KeyCorp Trading Up 2.1 %

Shares of 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 firm has a market capitalization of $19.15 billion, a price-to-earnings ratio of -57.76, a PEG ratio of 0.65 and a beta of 1.26. The company has a 50-day moving average of $17.48 and a 200 day moving average of $17.48. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.73%. KeyCorp’s payout ratio is -273.33%.

Analyst Upgrades and Downgrades

KEY has been the subject of a number of recent research reports. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday, November 7th. DA Davidson reduced their target price on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler increased their price target on shares of KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price objective on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

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.