OneAscent Financial Services LLC Has $972,000 Stake in KeyCorp (NYSE:KEY)

OneAscent Financial Services LLC lifted its holdings in KeyCorp (NYSE:KEY - Free Report) by 97.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,770 shares of the financial services provider's stock after purchasing an additional 29,973 shares during the quarter. OneAscent Financial Services LLC's holdings in KeyCorp were worth $972,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. increased its stake in shares of KeyCorp by 110.3% in the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 800 shares in the last quarter. Fourth Dimension Wealth LLC acquired a new position in KeyCorp in the fourth quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in KeyCorp by 246.9% during the first quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,543 shares in the last quarter. FSC Wealth Advisors LLC purchased a new stake in shares of KeyCorp during the first quarter worth $34,000. Finally, NBC Securities Inc. increased its position in shares of KeyCorp by 123,900.0% during the first quarter. NBC Securities Inc. now owns 2,480 shares of the financial services provider's stock worth $39,000 after acquiring an additional 2,478 shares during the period. Institutional investors and hedge funds own 79.69% of the company's stock.

KeyCorp Price Performance

Shares of KeyCorp stock traded down $0.13 during trading on Thursday, hitting $18.68. 15,334,526 shares of the company's stock traded hands, compared to its average volume of 15,265,602. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.83. The firm's fifty day moving average price is $16.92 and its 200 day moving average price is $16.44. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04. The company has a market cap of $20.47 billion, a PE ratio of -266.79, a PEG ratio of 0.66 and a beta of 1.11.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. KeyCorp had a net margin of 1.49% and a return on equity of 9.65%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $0.25 earnings per share. KeyCorp's revenue for the quarter was up 20.6% compared to the same quarter last year. Analysts forecast that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, September 2nd. KeyCorp's payout ratio is -482.35%.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Amy G. Brady sold 19,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $16.09, for a total value of $305,710.00. Following the completion of the sale, the insider owned 82,523 shares in the company, valued at $1,327,795.07. This trade represents a 18.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlton L. Highsmith sold 5,000 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total transaction of $83,000.00. Following the completion of the transaction, the director directly owned 37,177 shares in the company, valued at $617,138.20. The trade was a 11.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

KEY has been the topic of several recent analyst reports. Truist Financial dropped their target price on KeyCorp from $18.00 to $16.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group started coverage on shares of KeyCorp in a research note on Wednesday, May 21st. They set a "hold" rating and a $18.00 price objective for the company. TD Cowen started coverage on shares of KeyCorp in a research note on Thursday, May 15th. They issued a "hold" rating and a $18.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of KeyCorp from $18.00 to $20.00 and gave the company an "overweight" rating in a research note on Tuesday, July 8th. Finally, Barclays lowered their price objective on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $19.24.

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.