KeyCorp (NYSE:KEY) Stock Price Expected to Rise, Barclays Analyst Says

KeyCorp (NYSE:KEY) had its price target increased by investment analysts at Barclays from $19.00 to $21.00 in a report released on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective points to a potential upside of 21.95% from the stock’s current price.

Other analysts also recently issued reports about the company. DA Davidson lifted their target price on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods upped their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Citigroup downgraded shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Thursday, November 7th. Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Wedbush lifted their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, KeyCorp currently has a consensus rating of “Hold” and an average price target of $19.44.

KeyCorp Stock Performance

Shares of NYSE:KEY opened at $17.22 on Monday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a 12 month low of $12.94 and a 12 month high of $20.04. The company has a market capitalization of $17.07 billion, a price-to-earnings ratio of 1,722.00, a PEG ratio of 1.00 and a beta of 1.27. The firm’s 50-day moving average is $18.27 and its 200 day moving average is $16.81.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Research analysts predict that KeyCorp will post 1.09 EPS for the current year.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

A number of large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC lifted its position in KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares during the period. American Capital Advisory LLC purchased a new stake in KeyCorp in the third quarter valued at approximately $28,000. Larson Financial Group LLC increased its holdings in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after buying an additional 918 shares during the period. Catalyst Capital Advisors LLC purchased a new position in KeyCorp during the 3rd quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP purchased a new position in KeyCorp during the 3rd quarter worth approximately $38,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Company Profile

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.