KeyCorp (NYSE:KEY) has been given a consensus rating of “Hold” by the twenty-four brokerages that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $23.78.
KEY has been the topic of a number of research reports. Zacks Investment Research downgraded KeyCorp from a “hold” rating to a “sell” rating and set a $20.00 price target on the stock. in a research note on Monday, July 8th. Morgan Stanley dropped their price target on KeyCorp from $21.00 to $20.50 and set an “overweight” rating on the stock in a research note on Thursday, October 3rd. UBS Group upped their price target on KeyCorp from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Nomura set a $18.00 price target on KeyCorp and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Piper Jaffray Companies set a $19.00 price target on KeyCorp and gave the stock a “buy” rating in a research note on Wednesday, September 4th.
Shares of NYSE:KEY traded up $0.36 during midday trading on Monday, reaching $18.13. The company’s stock had a trading volume of 8,420,028 shares, compared to its average volume of 10,738,724. The firm has a market capitalization of $18.19 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 3.58 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 0.91. The firm has a 50 day moving average price of $17.52 and a two-hundred day moving average price of $17.15. KeyCorp has a fifty-two week low of $13.65 and a fifty-two week high of $18.96.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The firm’s revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. As a group, research analysts anticipate that KeyCorp will post 1.77 earnings per share for the current year.
In other news, insider Amy G. Brady sold 10,806 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $18.02, for a total value of $194,724.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 99,999 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $18.26, for a total value of $1,825,981.74. Following the completion of the sale, the insider now directly owns 85,469 shares of the company’s stock, valued at $1,560,663.94. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of KeyCorp by 0.4% in the second quarter. Vanguard Group Inc. now owns 112,955,500 shares of the financial services provider’s stock valued at $2,004,961,000 after acquiring an additional 415,547 shares in the last quarter. FMR LLC grew its holdings in shares of KeyCorp by 21.1% in the first quarter. FMR LLC now owns 18,418,818 shares of the financial services provider’s stock valued at $290,096,000 after acquiring an additional 3,204,467 shares in the last quarter. Invesco Ltd. grew its holdings in shares of KeyCorp by 2.3% in the second quarter. Invesco Ltd. now owns 17,028,799 shares of the financial services provider’s stock valued at $302,262,000 after acquiring an additional 381,757 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of KeyCorp by 1.0% in the second quarter. Bank of America Corp DE now owns 14,076,297 shares of the financial services provider’s stock valued at $249,854,000 after acquiring an additional 142,938 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of KeyCorp by 1.1% in the second quarter. Northern Trust Corp now owns 11,798,679 shares of the financial services provider’s stock valued at $209,426,000 after acquiring an additional 133,547 shares in the last quarter. 80.06% of the stock is owned by hedge funds and other institutional investors.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.
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