Nisa Investment Advisors LLC lessened its holdings in KeyCorp (NYSE:KEY - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,520 shares of the financial services provider's stock after selling 14,196 shares during the quarter. Nisa Investment Advisors LLC's holdings in KeyCorp were worth $4,397,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. raised its holdings in KeyCorp by 8.1% in the fourth quarter. Atomi Financial Group Inc. now owns 44,843 shares of the financial services provider's stock worth $769,000 after purchasing an additional 3,372 shares during the period. Ballentine Partners LLC increased its holdings in shares of KeyCorp by 5.7% in the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider's stock worth $220,000 after acquiring an additional 692 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of KeyCorp by 4.6% during the 4th quarter. HB Wealth Management LLC now owns 37,961 shares of the financial services provider's stock valued at $651,000 after purchasing an additional 1,659 shares in the last quarter. Brooklyn Investment Group lifted its holdings in shares of KeyCorp by 20.9% during the 4th quarter. Brooklyn Investment Group now owns 5,814 shares of the financial services provider's stock valued at $100,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Merit Financial Group LLC raised its holdings in KeyCorp by 153.7% during the 4th quarter. Merit Financial Group LLC now owns 58,407 shares of the financial services provider's stock worth $1,001,000 after buying an additional 35,385 shares during the period. 79.69% of the stock is owned by institutional investors.

Several research analysts have recently weighed in on the stock. DA Davidson reduced their price target on shares of KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Evercore ISI lifted their target price on KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley lowered their target price on shares of KeyCorp from $23.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.58.

Get Our Latest Stock Analysis on KEY

Shares of KEY opened at $17.69 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The firm's 50 day moving average is $18.03 and its 200-day moving average is $17.09. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.64%. KeyCorp's payout ratio is -273.32%.

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total value of $154,260.00. Following the sale, the director now owns 37,864 shares of the company's stock, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the transaction, the insider now directly owns 234,582 shares of the company's stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.61% 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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