National Pension Service lifted its position in KeyCorp (NYSE:KEY) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,113,145 shares of the financial services provider’s stock after buying an additional 47,814 shares during the quarter. National Pension Service owned approximately 0.10% of KeyCorp worth $22,452,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after buying an additional 1,765,263 shares during the period. Boston Partners purchased a new stake in shares of KeyCorp in the 3rd quarter valued at $356,111,000. Northern Trust Corp raised its holdings in shares of KeyCorp by 1.9% in the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock valued at $232,925,000 after buying an additional 231,558 shares during the period. Bessemer Group Inc. grew its stake in KeyCorp by 0.5% during the 3rd quarter. Bessemer Group Inc. now owns 12,065,873 shares of the financial services provider’s stock worth $227,079,000 after purchasing an additional 64,958 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in KeyCorp by 6,189.4% during the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock worth $170,679,000 after purchasing an additional 8,962,913 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) opened at $21.16 on Friday. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $21.71. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $22,755.46, a PE ratio of 15.45, a PEG ratio of 1.62 and a beta of 1.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Monday, February 26th. KeyCorp’s payout ratio is currently 37.50%.
Several research analysts recently commented on the company. Stephens raised KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research note on Thursday, December 14th. CIBC reissued a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Oppenheimer reissued a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Vining Sparks reissued a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research note on Thursday. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $22.00 target price on shares of KeyCorp in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. KeyCorp has a consensus rating of “Buy” and a consensus target price of $21.98.
In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Elizabeth R. Gile acquired 1,374 shares of KeyCorp stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. Insiders sold a total of 57,212 shares of company stock valued at $1,060,508 over the last three months. Company insiders own 0.65% of the company’s stock.
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KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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