KeyCorp (NYSE:KEY) Given Consensus Rating of "Moderate Buy" by Analysts

KeyCorp (NYSE:KEY - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nineteen analysts that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $19.64.

A number of equities research analysts have issued reports on KEY shares. Barclays raised their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock an "equal weight" rating in a report on Monday, January 6th. Stephens reissued an "overweight" rating and issued a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods cut their price target on shares of KeyCorp from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Wednesday, January 22nd. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $18.50 price target on shares of KeyCorp in a report on Monday, February 3rd. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $18.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank bought 50,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the purchase, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company's stock.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Centaurus Financial Inc. lifted its stake in shares of KeyCorp by 11.2% in the fourth quarter. Centaurus Financial Inc. now owns 7,218 shares of the financial services provider's stock worth $124,000 after buying an additional 728 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KeyCorp during the fourth quarter valued at approximately $7,141,000. LifeWealth Investments LLC purchased a new position in shares of KeyCorp during the fourth quarter valued at approximately $362,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of KeyCorp by 17.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 30,516 shares of the financial services provider's stock valued at $523,000 after purchasing an additional 4,432 shares during the last quarter. Finally, AlphaCore Capital LLC raised its holdings in shares of KeyCorp by 38.8% during the fourth quarter. AlphaCore Capital LLC now owns 12,587 shares of the financial services provider's stock valued at $216,000 after purchasing an additional 3,521 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

KeyCorp Trading Down 2.2 %

Shares of KEY stock traded down $0.34 on Tuesday, hitting $15.15. 11,731,420 shares of the company's stock traded hands, compared to its average volume of 11,932,220. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. KeyCorp has a one year low of $13.11 and a one year high of $20.04. The company's fifty day simple moving average is $17.22 and its 200 day simple moving average is $17.44. The stock has a market capitalization of $16.74 billion, a price-to-earnings ratio of -50.48, a P/E/G ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp's payout ratio is currently -273.33%.

KeyCorp declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 13th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

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.