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

Atomi Financial Group Inc. grew its stake in shares of KeyCorp (NYSE:KEY) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 44,843 shares of the financial services provider’s stock after purchasing an additional 3,372 shares during the period. Atomi Financial Group Inc.’s holdings in KeyCorp were worth $769,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KEY. Pacer Advisors Inc. raised its holdings in KeyCorp by 4.6% during the second quarter. Pacer Advisors Inc. now owns 67,218 shares of the financial services provider’s stock worth $955,000 after purchasing an additional 2,985 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of 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 buying an additional 16,650 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of KeyCorp by 5.5% in the 2nd quarter. ProShare Advisors LLC now owns 191,470 shares of the financial services provider’s stock worth $2,721,000 after buying an additional 10,052 shares in the last quarter. Public Sector Pension Investment Board boosted its position in shares of 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 worth $2,272,000 after buying an additional 12,575 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in 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 acquiring an additional 826,911 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Down 1.8 %

NYSE KEY opened at $17.32 on Thursday. The firm has a market capitalization of $17.16 billion, a price-to-earnings ratio of 1,731.50, a PEG ratio of 0.69 and a beta of 1.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The company’s 50 day moving average price is $18.13 and its 200 day moving average price is $17.06.

KeyCorp Dividend Announcement

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

Analysts Set New Price Targets

KEY has been the topic of several recent research reports. Stephens reaffirmed an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a report on Wednesday. Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Thursday, November 7th. Truist Financial began coverage on KeyCorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $19.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Piper Sandler raised their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.58.

Insider Activity at KeyCorp

In other news, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction on 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 directly owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

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.