KeyCorp (NYSE:KEY) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. grew its position in KeyCorp (NYSE:KEY) by 8.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,843 shares of the financial services provider’s stock after buying an additional 3,372 shares during the quarter. Atomi Financial Group Inc.’s holdings in KeyCorp were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of KeyCorp by 4.6% in the second quarter. Pacer Advisors Inc. now owns 67,218 shares of the financial services provider’s stock valued at $955,000 after purchasing an additional 2,985 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in KeyCorp by 4.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 366,336 shares of the financial services provider’s stock worth $5,206,000 after purchasing an additional 16,650 shares in the last quarter. ProShare Advisors LLC increased its holdings in KeyCorp by 5.5% during the 2nd quarter. ProShare Advisors LLC now owns 191,470 shares of the financial services provider’s stock worth $2,721,000 after purchasing an additional 10,052 shares during the period. Public Sector Pension Investment Board raised its position in KeyCorp by 8.5% in the 2nd quarter. Public Sector Pension Investment Board now owns 159,883 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 12,575 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of KeyCorp by 4,518.6% in the 2nd quarter. Marshall Wace LLP now owns 845,211 shares of the financial services provider’s stock valued at $12,010,000 after buying an additional 826,911 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler increased their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Baird R W cut KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a research report on Wednesday. The Goldman Sachs Group upped 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. Finally, Truist Financial assumed coverage on shares of KeyCorp in a report on Tuesday, January 7th. They set a “hold” rating and a $19.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.58.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 37,864 shares of the company’s stock, valued at $648,988.96. This trade represents a 19.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the company’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 in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

KeyCorp Trading Down 1.8 %

NYSE:KEY opened at $17.32 on Thursday. 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 stock’s 50 day simple moving average is $18.13 and its 200-day simple moving average is $17.06. KeyCorp has a 12-month low of $13.10 and a 12-month high of $20.04. The firm has a market cap of $17.16 billion, a P/E ratio of 1,731.50, a PEG ratio of 0.69 and a beta of 1.27.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.74%. KeyCorp’s payout ratio is currently 8,200.00%.

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.