KeyCorp (NYSE:KEY) Given New $18.00 Price Target at UBS Group

KeyCorp (NYSE:KEY) had its target price raised by UBS Group from $17.00 to $18.00 in a report issued on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the financial services provider’s stock.

KEY has been the subject of several other reports. Citigroup set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. JPMorgan Chase & Co. lowered their price objective on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, June 27th. Royal Bank of Canada upped their target price on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Evercore ISI lifted their price target on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a report on Thursday, October 17th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Price Performance

NYSE KEY opened at $17.09 on Wednesday. The company has a market cap of $16.12 billion, a PE ratio of 1,709.00, a P/E/G ratio of 0.94 and a beta of 1.25. KeyCorp has a 52-week low of $9.50 and a 52-week high of $17.94. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $16.70 and its 200-day moving average price is $15.39.

Insider Buying and Selling at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KEY. Vontobel Holding Ltd. grew its holdings in KeyCorp by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock valued at $565,000 after buying an additional 679 shares in the last quarter. Valeo Financial Advisors LLC raised its position in KeyCorp by 1.0% in the first quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 704 shares during the period. Raymond James Trust N.A. lifted its stake 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 valued at $429,000 after purchasing an additional 724 shares during the last quarter. Caldwell Sutter Capital Inc. grew its holdings in shares of KeyCorp by 3.7% during the 1st quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 742 shares during the period. Finally, Lake Street Advisors Group LLC raised its holdings in KeyCorp by 7.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 11,697 shares of the financial services provider’s stock valued at $196,000 after buying an additional 801 shares during the period. 79.69% of the stock is owned by hedge funds and other institutional investors.

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.