FNY Investment Advisers LLC Has $274,000 Stake in KeyCorp (NYSE:KEY)

FNY Investment Advisers LLC increased its stake in KeyCorp (NYSE:KEY) by 171.2% in the 4th quarter, Holdings Channel reports. The firm owned 16,000 shares of the financial services provider’s stock after purchasing an additional 10,100 shares during the period. FNY Investment Advisers LLC’s holdings in KeyCorp were worth $274,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of KeyCorp by 14.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock worth $10,928,000 after buying an additional 85,052 shares during the last quarter. MBB Public Markets I LLC bought a new position in KeyCorp in the 2nd quarter worth $981,000. Dai ichi Life Insurance Company Ltd bought a new position in KeyCorp in the 3rd quarter worth $798,000. Prospector Partners LLC acquired a new position in KeyCorp during the 3rd quarter worth $9,630,000. Finally, Natixis Advisors LLC boosted its holdings in KeyCorp by 17.9% during the third quarter. Natixis Advisors LLC now owns 689,469 shares of the financial services provider’s stock valued at $11,549,000 after acquiring an additional 104,689 shares during the period. Institutional investors own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In other news, insider Angela G. Mago sold 15,011 shares of the firm’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 completion of the sale, the insider now directly owns 234,582 shares in the company, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now directly owns 37,864 shares in the company, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KEY. Truist Financial assumed coverage on KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 price objective for the company. Evercore ISI upped their price target on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. DA Davidson raised their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Royal Bank of Canada increased their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.44.

KeyCorp Stock Up 2.6 %

NYSE KEY opened at $17.47 on Wednesday. KeyCorp has a 1-year low of $12.94 and a 1-year high of $20.04. 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 moving average is $18.26 and its two-hundred day moving average is $16.93. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 1,747.00, a PEG ratio of 1.00 and a beta of 1.27.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Equities analysts forecast that KeyCorp will post 1.09 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were issued a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.69%. The ex-dividend date was Tuesday, December 3rd. KeyCorp’s payout ratio is 8,200.00%.

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.