Sumitomo Mitsui DS Asset Management Company Ltd Has $3.01 Million Position in KeyCorp (NYSE:KEY)

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in KeyCorp (NYSE:KEY) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 175,512 shares of the financial services provider’s stock after purchasing an additional 695 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in KeyCorp were worth $3,008,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KEY. Financial Advocates Investment Management boosted its position 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 buying an additional 602 shares in the last quarter. HM Payson & Co. boosted its holdings in shares of KeyCorp by 27.0% in the 3rd quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 650 shares in the last quarter. Graypoint LLC grew its position in KeyCorp by 4.7% during the 3rd quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 675 shares during the last quarter. Vontobel Holding Ltd. increased its holdings in KeyCorp by 2.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 679 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in KeyCorp by 5.7% in the 4th quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock valued at $220,000 after purchasing an additional 692 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In related news, Director Of Nova Scotia Bank acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, with a total value of $892,500.00. Following the transaction, the director now owns 162,983,726 shares of the company’s stock, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KEY. DA Davidson decreased their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler increased their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Robert W. Baird cut shares of KeyCorp from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $17.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $18.50 target price on shares of KeyCorp in a research report on Monday, February 3rd. Finally, Stephens reissued an “overweight” rating and issued a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

KeyCorp Trading Down 0.6 %

Shares of NYSE KEY opened at $17.84 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04. The company’s fifty day moving average is $17.71 and its 200-day moving average is $17.27. The stock has a market cap of $17.68 billion, a price-to-earnings ratio of -59.46, a P/E/G ratio of 0.66 and a beta of 1.26.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.60%. KeyCorp’s dividend payout ratio (DPR) is currently -273.32%.

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.