11,948 Shares in KeyCorp (NYSE:KEY) Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new position in KeyCorp (NYSE:KEY) during the fourth quarter, Holdings Channel reports. The institutional investor bought 11,948 shares of the financial services provider’s stock, valued at approximately $205,000.

A number of other large investors have also recently bought and sold shares of KEY. Azora Capital LP bought a new position in KeyCorp in the third quarter worth about $92,413,000. Thrivent Financial for Lutherans lifted its holdings in KeyCorp by 108.3% in the third quarter. Thrivent Financial for Lutherans now owns 5,852,233 shares of the financial services provider’s stock worth $98,025,000 after acquiring an additional 3,042,060 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in KeyCorp by 164.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,660,680 shares of the financial services provider’s stock worth $78,066,000 after acquiring an additional 2,900,971 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in KeyCorp by 279.6% in the third quarter. Victory Capital Management Inc. now owns 3,788,173 shares of the financial services provider’s stock worth $63,452,000 after acquiring an additional 2,790,192 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in KeyCorp in the fourth quarter worth about $42,827,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $15.17 on Wednesday. KeyCorp has a 12 month low of $13.11 and a 12 month high of $20.04. The stock has a market cap of $16.76 billion, a price-to-earnings ratio of -50.55, a PEG ratio of 0.65 and a beta of 1.26. The stock’s 50 day moving average price is $17.29 and its 200 day moving average price is $17.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84.

KeyCorp Dividend Announcement

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 is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 5.41%. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup raised shares of KeyCorp from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Monday. Wells Fargo & Company lifted their price target on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Barclays lifted their price target on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, January 6th. Morgan Stanley cut their price target on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 22nd. Finally, 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. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and an average price target of $19.75.

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. 0.61% of the stock is currently owned by company insiders.

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.