Nisa Investment Advisors LLC Has $4.40 Million Stake in KeyCorp (NYSE:KEY)

Nisa Investment Advisors LLC decreased its stake in shares of KeyCorp (NYSE:KEY) by 5.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 256,520 shares of the financial services provider’s stock after selling 14,196 shares during the quarter. Nisa Investment Advisors LLC’s holdings in KeyCorp were worth $4,397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of KEY. Wolff Wiese Magana LLC grew its position in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares during the period. American Capital Advisory LLC acquired a new stake in KeyCorp in the 3rd quarter valued at $28,000. Larson Financial Group LLC grew its position in KeyCorp by 90.8% in the 3rd 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 during the period. Catalyst Capital Advisors LLC acquired a new stake in KeyCorp in the 3rd quarter valued at $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Stock Performance

NYSE:KEY opened at $17.69 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.88. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04. The business has a 50 day moving average of $18.03 and a 200 day moving average of $17.09. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of -58.96, a PEG ratio of 0.65 and a beta of 1.27.

KeyCorp Announces Dividend

The business 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 $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.64%. KeyCorp’s payout ratio is currently -273.32%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target on shares of KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company lifted their price target 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. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research note on Thursday, November 7th. DA Davidson dropped their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, UBS Group raised their price objective on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.58.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction that occurred 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 owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company’s stock.

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.