KeyCorp (NYSE:KEY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of KeyCorp (NYSE:KEY) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are presently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $17.50.

KEY has been the topic of several recent analyst reports. DA Davidson raised their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Barclays boosted their price objective on KeyCorp from $16.00 to $19.00 and gave the company an “equal weight” rating in a research report on Friday. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Jefferies Financial Group lifted their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Finally, UBS Group downgraded KeyCorp from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Monday, July 8th.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the sale, the director now directly owns 46,864 shares of the company’s stock, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC bought a new stake in KeyCorp in the first quarter worth $25,000. Wolff Wiese Magana LLC raised its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares during the period. Crewe Advisors LLC bought a new stake in shares of KeyCorp in the 1st quarter worth about $32,000. Quarry LP purchased a new position in shares of KeyCorp during the 4th quarter worth about $38,000. Finally, Fidelis Capital Partners LLC bought a new position in KeyCorp during the 1st quarter valued at about $39,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

KEY opened at $17.35 on Friday. The company’s 50 day moving average is $16.61 and its 200 day moving average is $15.35. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.37. The company has a market cap of $16.36 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 0.97 and a beta of 1.25. KeyCorp has a 12-month low of $9.50 and a 12-month high of $17.94.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the prior year, the business posted $0.27 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts predict that KeyCorp will post 1.08 EPS for the current year.

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.