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

Triasima Portfolio Management inc. boosted its stake in shares of KeyCorp (NYSE:KEY) by 107.7% in the 4th quarter, HoldingsChannel reports. The fund 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wolff Wiese Magana LLC lifted its holdings in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the period. American Capital Advisory LLC purchased a new stake in KeyCorp in the 3rd quarter worth approximately $28,000. Larson Financial Group LLC lifted its holdings in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after buying an additional 918 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in KeyCorp in the 3rd quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP purchased a new stake in KeyCorp in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

Shares of KEY opened at $17.93 on Friday. The business’s fifty day simple moving average is $17.75 and its two-hundred day simple moving average is $17.24. 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 has a 12 month low of $13.10 and a 12 month high of $20.04. The company has a market cap of $17.77 billion, a price-to-earnings ratio of -59.75, a P/E/G ratio of 0.66 and a beta of 1.26.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.57%. KeyCorp’s dividend payout ratio is -273.32%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley dropped their price objective on KeyCorp from $23.00 to $22.00 and set an “equal weight” rating for the company in a report on Wednesday, January 22nd. Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Thursday, November 7th. DA Davidson decreased their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Finally, Keefe, Bruyette & Woods decreased their target price on KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and an average price target of $19.69.

KeyCorp Company 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.