Sapient Capital LLC Boosts Position in KeyCorp (NYSE:KEY)

Sapient Capital LLC boosted its position in KeyCorp (NYSE:KEY) by 3,321.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,172,049 shares of the financial services provider’s stock after purchasing an additional 1,137,798 shares during the period. Sapient Capital LLC owned about 0.12% of KeyCorp worth $20,089,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Wolff Wiese Magana LLC increased its stake in shares of 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 purchasing an additional 1,142 shares in the last quarter. American Capital Advisory LLC purchased a new stake in KeyCorp in the third quarter worth about $28,000. Larson Financial Group LLC raised its stake in shares of KeyCorp by 90.8% in the third 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 position in shares of KeyCorp during the 3rd quarter valued at about $35,000. Finally, Capital Performance Advisors LLP bought a new position in shares of KeyCorp during the 3rd quarter valued at approximately $38,000. 79.69% of the stock is currently owned by institutional investors.

KeyCorp Stock Performance

Shares of KeyCorp stock opened at $17.52 on Tuesday. The stock has a 50 day moving average price of $17.71 and a 200-day moving average price of $17.28. KeyCorp has a one year low of $13.10 and a one year high of $20.04. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is -273.32%.

Analyst Upgrades and Downgrades

KEY has been the topic of several recent analyst reports. Morgan Stanley decreased their price objective on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 22nd. Baird R W downgraded KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $18.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a research note on Wednesday, January 22nd. Finally, Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Thursday, November 7th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Insider Activity

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.61% 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.