Triasima Portfolio Management inc. Purchases 104,506 Shares of KeyCorp (NYSE:KEY)

Triasima Portfolio Management inc. grew its position in shares of KeyCorp (NYSE:KEY) by 107.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 201,580 shares of the financial services provider’s stock after buying an additional 104,506 shares during the quarter. Triasima Portfolio Management inc.’s holdings in KeyCorp were worth $3,455,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Wolff Wiese Magana LLC increased its position in shares of KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares during the last quarter. American Capital Advisory LLC purchased a new stake in shares of KeyCorp during the 3rd quarter valued at $28,000. Larson Financial Group LLC increased its position in shares of KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp during the 3rd quarter worth $35,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of KeyCorp in the 3rd quarter worth about $38,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

NYSE:KEY opened at $17.93 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a 52-week low of $13.10 and a 52-week high of $20.04. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of -59.75, a PEG ratio of 0.66 and a beta of 1.26. The business’s fifty day moving average is $17.75 and its 200 day moving average is $17.24.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid 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 dividend yield of 4.57%. KeyCorp’s payout ratio is -273.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KEY shares. UBS Group raised their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group lifted their price target on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods reduced their price objective on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, January 22nd. Piper Sandler boosted their target price on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price target on shares of KeyCorp in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp presently has an average rating of “Moderate Buy” and an average target price of $19.69.

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.