KeyCorp (NYSE:KEY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

KeyCorp (NYSE:KEY) has earned a consensus recommendation of “Moderate Buy” from the nineteen analysts that are presently covering the firm, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $17.79.

KEY has been the subject of a number of research reports. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $18.00 price objective on shares of KeyCorp in a report on Tuesday, September 10th. Jefferies Financial Group increased their target price on KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, August 19th. Wedbush boosted their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, DA Davidson increased their price objective on KeyCorp from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, October 21st.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 9,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. The trade was a 0.00 % 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. In related news, Director Carlton L. Highsmith sold 10,000 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the sale, the director now owns 46,864 shares in the company, valued at $759,665.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction dated 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 transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,011 shares of company stock worth $610,425 in the last ninety days. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KEY. Pathway Financial Advisers LLC bought a new stake in KeyCorp during the 1st quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the last quarter. American Capital Advisory LLC acquired a new stake in KeyCorp in the third quarter valued at $28,000. Crewe Advisors LLC bought a new position in KeyCorp during the 1st quarter worth $32,000. Finally, Larson Financial Group LLC lifted its holdings in KeyCorp by 90.8% during 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. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Price Performance

NYSE:KEY opened at $19.18 on Wednesday. KeyCorp has a 12-month low of $10.73 and a 12-month high of $20.00. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 1,918.00, a P/E/G ratio of 1.06 and a beta of 1.24. The stock’s 50 day moving average price is $17.01 and its two-hundred day moving average price is $15.69. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09.

KeyCorp (NYSE:KEY) last posted 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. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. On average, analysts anticipate that KeyCorp will post 1.08 earnings per share for the current year.

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.