KeyCorp (NYSE:KEY) Stock Rating Reaffirmed by Keefe, Bruyette & Woods

KeyCorp (NYSE:KEY)‘s stock had its “outperform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a report issued on Tuesday, Benzinga reports. They currently have a $18.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 13.07% from the company’s previous close.

A number of other analysts have also issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of KeyCorp in a report on Tuesday, August 13th. Citigroup raised their price objective on KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Jefferies Financial Group upped their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a report on Monday, August 19th. JPMorgan Chase & Co. decreased their price target on shares of KeyCorp from $17.50 to $16.50 and set a “neutral” rating for the company in a report on Thursday, June 27th. Finally, UBS Group lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.65.

KeyCorp Trading Up 0.3 %

Shares of NYSE KEY opened at $15.92 on Tuesday. The business has a fifty day simple moving average of $15.76 and a 200-day simple moving average of $14.99. The company has a market cap of $15.02 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 0.87 and a beta of 1.25. KeyCorp has a 12 month low of $9.50 and a 12 month high of $17.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.37.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.52 billion. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. Sell-side analysts predict that KeyCorp will post 1.09 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of KeyCorp

Institutional investors and hedge funds have recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in shares of KeyCorp in the first quarter worth $25,000. Crewe Advisors LLC acquired a new stake in shares of KeyCorp in the first quarter worth $32,000. First United Bank & Trust acquired a new position in KeyCorp during the 4th quarter valued at $29,000. Fidelis Capital Partners LLC acquired a new position in KeyCorp during the 1st quarter valued at $39,000. Finally, Quarry LP acquired a new position in KeyCorp during the 4th quarter valued at $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.