Analysts Set KeyCorp (NYSE:KEY) Target Price at $19.16

KeyCorp (NYSE:KEYGet Free Report) has earned an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $19.16.

A number of equities research analysts have issued reports on the company. Piper Sandler boosted their price target on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Evercore ISI lifted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, DA Davidson raised their target price on shares of KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 21st.

Read Our Latest Analysis on KEY

KeyCorp Price Performance

KEY opened at $17.20 on Thursday. KeyCorp has a 1 year low of $12.94 and a 1 year high of $20.04. The company’s 50 day simple moving average is $18.28 and its 200 day simple moving average is $16.61. The stock has a market capitalization of $17.05 billion, a PE ratio of 1,720.00, a P/E/G ratio of 1.00 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEYGet Free Report) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. As a group, sell-side analysts expect that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.77%. The ex-dividend date was Tuesday, December 3rd. KeyCorp’s dividend payout ratio (DPR) is 8,200.00%.

Insider Activity at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the sale, the director now owns 37,864 shares in the company, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Angela G. Mago sold 15,011 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of KeyCorp

Several hedge funds and other institutional investors have recently bought and sold shares of KEY. Financial Advocates Investment Management lifted its position in shares of KeyCorp by 2.3% during the 3rd quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider’s stock valued at $450,000 after acquiring an additional 602 shares during the last quarter. HM Payson & Co. raised its position in shares of KeyCorp by 27.0% during the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 650 shares during the period. Graypoint LLC lifted its holdings in shares of KeyCorp by 4.7% during the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 675 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of 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 purchasing an additional 679 shares during the period. Finally, Empirical Finance LLC increased its stake in KeyCorp by 2.2% in the 3rd quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider’s stock worth $542,000 after purchasing an additional 705 shares in the last quarter. 79.69% of the stock is owned by institutional investors.

KeyCorp Company Profile

(Get Free Report

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.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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