Avanza Fonder AB bought a new position in KeyCorp (NYSE:KEY - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 94,393 shares of the financial services provider's stock, valued at approximately $1,618,000.

Several other hedge funds and other institutional investors have also bought and sold shares of KEY. Mirae Asset Global Investments Co. Ltd. boosted its holdings in KeyCorp by 14.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider's stock valued at $10,928,000 after acquiring an additional 85,052 shares during the period. MBB Public Markets I LLC purchased a new stake in shares of KeyCorp during the second quarter valued at approximately $981,000. Dai ichi Life Insurance Company Ltd bought a new position in shares of KeyCorp in the third quarter worth approximately $798,000. Prospector Partners LLC purchased a new position in shares of KeyCorp in the third quarter worth $9,630,000. Finally, Natixis Advisors LLC boosted its position in KeyCorp by 17.9% during the 3rd quarter. Natixis Advisors LLC now owns 689,469 shares of the financial services provider's stock valued at $11,549,000 after buying an additional 104,689 shares during the period. Hedge funds and other institutional investors own 79.69% of the company's stock.

A number of equities analysts have issued reports on KEY shares. Truist Financial assumed coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They issued a "hold" rating and a $19.00 price objective on the stock. Piper Sandler boosted 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. Wedbush increased their price objective on KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. DA Davidson lifted their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Keefe, Bruyette & Woods upped their target price on KeyCorp from $19.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, KeyCorp currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.44.

View Our Latest Stock Analysis on KeyCorp

KeyCorp stock opened at $18.32 on Friday. KeyCorp has a 12 month low of $12.94 and a 12 month high of $20.04. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The business's fifty day simple moving average is $18.18 and its two-hundred day simple moving average is $16.99. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 1,832.30, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, equities analysts predict that KeyCorp will post 1.1 earnings per share for the current fiscal year.

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 given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp's dividend payout ratio (DPR) is currently 8,200.00%.

In related news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares in the company, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

(Free Report)

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.

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