Bouchey Financial Group Ltd Has $258,000 Stake in KeyCorp (NYSE:KEY)

Bouchey Financial Group Ltd decreased its position in KeyCorp (NYSE:KEY) by 6.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,029 shares of the financial services provider’s stock after selling 1,037 shares during the quarter. Bouchey Financial Group Ltd’s holdings in KeyCorp were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. acquired a new stake in shares of KeyCorp in the 4th quarter valued at about $203,000. Proficio Capital Partners LLC acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $1,519,000. Mn Services Vermogensbeheer B.V. increased its position in shares of KeyCorp by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 375,710 shares of the financial services provider’s stock valued at $6,440,000 after acquiring an additional 7,800 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of KeyCorp by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 246,659 shares of the financial services provider’s stock valued at $4,228,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Trading Up 0.8 %

Shares of NYSE:KEY opened at $17.00 on Friday. KeyCorp has a 12-month low of $13.10 and a 12-month high of $20.04. The stock has a market cap of $16.85 billion, a PE ratio of -56.65, a P/E/G ratio of 0.65 and a beta of 1.26. The business has a 50 day moving average of $17.47 and a 200-day moving average of $17.46. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio is presently -273.33%.

Analysts Set New Price Targets

A number of research firms recently issued reports on KEY. Piper Sandler lifted their target price on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research report on Thursday, November 7th. The Goldman Sachs Group lifted their target price on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Truist Financial initiated coverage on KeyCorp in a research report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of KeyCorp stock in a transaction dated Wednesday, February 5th. The stock was bought 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 directly 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

About KeyCorp

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.