Bouchey Financial Group Ltd Sells 1,037 Shares of KeyCorp (NYSE:KEY)

Bouchey Financial Group Ltd reduced its stake in KeyCorp (NYSE:KEY) by 6.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,029 shares of the financial services provider’s stock after selling 1,037 shares during the quarter. Bouchey Financial Group Ltd’s holdings in KeyCorp were worth $258,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in KEY. American Capital Advisory LLC bought a new stake in shares of KeyCorp in the third quarter valued at approximately $28,000. Larson Financial Group LLC raised its position in KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in KeyCorp during the third quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in KeyCorp during the third quarter valued at approximately $38,000. Finally, Venturi Wealth Management LLC raised its position in KeyCorp by 62.9% during the third quarter. Venturi Wealth Management LLC now owns 2,526 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 975 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

KeyCorp Stock Performance

NYSE KEY opened at $17.00 on Friday. The company has a market capitalization of $16.85 billion, a price-to-earnings ratio of -56.65, a PEG ratio of 0.65 and a beta of 1.26. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04. The stock has a fifty day simple moving average of $17.47 and a 200 day simple moving average of $17.46. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.82%. KeyCorp’s payout ratio is -273.33%.

Wall Street Analyst Weigh In

Several research analysts have commented on KEY shares. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. Wells Fargo & Company boosted their price objective on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of KeyCorp in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $18.50 price objective on shares of KeyCorp in a research report on Monday, February 3rd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.69.

Insider Activity at KeyCorp

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 shares were acquired at an average price of $17.85 per share, with a total value of $892,500.00. Following the completion of 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 is available at the SEC website. 0.67% of the stock is currently owned by company insiders.

KeyCorp 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.