Barclays Boosts KeyCorp (NYSE:KEY) Price Target to $19.00

KeyCorp (NYSE:KEY) had its target price lifted by Barclays from $16.00 to $19.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Several other analysts have also issued reports on KEY. Evercore ISI increased their target price on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday. Morgan Stanley upped their price target on shares of KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Citigroup lifted their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Finally, Wedbush upped their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, KeyCorp has an average rating of “Moderate Buy” and an average target price of $17.62.

KeyCorp Trading Down 1.4 %

Shares of KEY stock opened at $17.10 on Friday. The stock has a market cap of $16.12 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25. KeyCorp has a 1 year low of $9.50 and a 1 year high of $17.94. The company has a current ratio of 0.88, a quick ratio of 0.85 and a debt-to-equity ratio of 1.09. The stock has a 50 day simple moving average of $16.64 and a 200 day simple moving average of $15.37.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the transaction, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vontobel Holding Ltd. increased its position in shares of KeyCorp by 2.1% during the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock worth $565,000 after buying an additional 679 shares during the period. Valeo Financial Advisors LLC grew its holdings in KeyCorp by 1.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 704 shares during the period. Raymond James Trust N.A. raised its position in shares of KeyCorp by 2.5% in the 2nd quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 724 shares in the last quarter. Caldwell Sutter Capital Inc. lifted its stake in shares of KeyCorp by 3.7% in the 1st quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 742 shares during the period. Finally, Czech National Bank boosted its position in shares of KeyCorp by 0.5% during the 1st quarter. Czech National Bank now owns 164,768 shares of the financial services provider’s stock valued at $2,605,000 after purchasing an additional 788 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

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.