KeyCorp (NYSE:KEY) Shares Sold by Salzhauer Michael

Salzhauer Michael trimmed its holdings in KeyCorp (NYSE:KEY) by 42.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,848 shares of the financial services provider’s stock after selling 55,500 shares during the period. Salzhauer Michael’s holdings in KeyCorp were worth $1,283,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KEY. Wolff Wiese Magana LLC lifted its stake in KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the last quarter. American Capital Advisory LLC bought a new stake in shares of KeyCorp in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC boosted its position in 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 period. Catalyst Capital Advisors LLC bought a new position in KeyCorp during the 3rd quarter worth $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp in the third quarter worth $38,000. 79.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KEY shares. DA Davidson lowered their price target on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their target price on shares of KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. 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. Truist Financial began coverage on KeyCorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Stock Down 0.6 %

NYSE KEY opened at $17.84 on Monday. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04. The company’s 50 day simple moving average is $17.71 and its 200 day simple moving average is $17.27. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.60%. KeyCorp’s dividend payout ratio is currently -273.32%.

Insider Activity

In related news, Director Of Nova Scotia Bank acquired 50,000 shares of the business’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 acquisition, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

KeyCorp 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.