Rothschild Investment LLC Sells 3,422 Shares of KeyCorp (NYSE:KEY)

Rothschild Investment LLC lowered its stake in KeyCorp (NYSE:KEY) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,219 shares of the financial services provider’s stock after selling 3,422 shares during the period. Rothschild Investment LLC’s holdings in KeyCorp were worth $72,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Financial Advocates Investment Management boosted its holdings in KeyCorp by 2.3% in the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 602 shares in the last quarter. HM Payson & Co. lifted its position in KeyCorp by 27.0% during the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock valued at $51,000 after buying an additional 650 shares during the period. Graypoint LLC lifted its position in KeyCorp by 4.7% during the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock valued at $250,000 after buying an additional 675 shares during the period. Ballentine Partners LLC lifted its position in KeyCorp by 5.7% during the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock valued at $220,000 after buying an additional 692 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in KeyCorp by 0.4% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 175,512 shares of the financial services provider’s stock valued at $3,008,000 after buying an additional 695 shares during the period. Institutional investors own 79.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KEY. Barclays raised their price objective on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Stephens reissued an “overweight” rating and set a $20.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $18.50 price objective on shares of KeyCorp in a research report on Monday, February 3rd. The Goldman Sachs Group raised their price objective on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Thursday, November 7th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.69.

Insiders Place Their Bets

In other news, Director Of Nova Scotia Bank purchased 50,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the purchase, the director now directly owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by insiders.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $16.85 on Thursday. KeyCorp has a fifty-two week low of $13.10 and a fifty-two week high of $20.04. The business has a 50-day simple moving average of $17.47 and a two-hundred day simple moving average of $17.47. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of -56.16, a price-to-earnings-growth ratio of 0.65 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 given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is -273.33%.

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.