Bank of Jackson Hole Trust Makes New Investment in KeyCorp (NYSE:KEY)

Bank of Jackson Hole Trust bought a new position in KeyCorp (NYSE:KEY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,881 shares of the financial services provider’s stock, valued at approximately $67,000.

A number of other large investors have also recently bought and sold shares of KEY. American Capital Advisory LLC bought a new position in KeyCorp in the third quarter worth about $28,000. Larson Financial Group LLC lifted its holdings in 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 acquiring an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in KeyCorp in the third quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in KeyCorp in the third quarter worth about $38,000. Finally, Venturi Wealth Management LLC lifted its holdings in KeyCorp by 62.9% in the third 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. Institutional investors own 79.69% of the company’s stock.

Insiders Place Their Bets

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price 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 $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is currently owned by company insiders.

KeyCorp Trading Up 0.5 %

KeyCorp stock opened at $18.04 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $17.88 billion, a price-to-earnings ratio of -60.14, a price-to-earnings-growth ratio of 0.66 and a beta of 1.26. KeyCorp has a 1 year low of $13.10 and a 1 year high of $20.04. The firm’s 50 day moving average price is $17.56 and its two-hundred day moving average price is $17.37.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.54%. KeyCorp’s dividend payout ratio (DPR) is -273.32%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Piper Sandler lifted their price target on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price target on shares of KeyCorp in a report on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. DA Davidson cut their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.