Barclays Issues Positive Forecast for KeyCorp (NYSE:KEY) Stock Price

KeyCorp (NYSE:KEY - Free Report) had its price target hoisted by Barclays from $19.00 to $21.00 in a research report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider's stock.

Other equities research analysts also recently issued research reports about the company. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Monday, October 14th. The Goldman Sachs Group lifted their price objective on shares of KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on shares of KeyCorp from $19.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. DA Davidson lifted their price target on KeyCorp from $19.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, October 21st. Finally, Citigroup lowered KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research note on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.47.

KeyCorp Stock Up 0.5 %

KeyCorp stock traded up $0.09 during mid-day trading on Monday, reaching $17.38. The company's stock had a trading volume of 9,833,530 shares, compared to its average volume of 8,652,467. The business's 50 day simple moving average is $18.27 and its 200 day simple moving average is $16.78. 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 has a 12 month low of $12.94 and a 12 month high of $20.04. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 1,738.00, a price-to-earnings-growth ratio of 1.00 and a beta of 1.27.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (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 business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. As a group, research analysts anticipate that KeyCorp will post 1.09 earnings per share for the current year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.72%. KeyCorp's payout ratio is presently 8,200.00%.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. This represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were 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 $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in shares of KeyCorp by 3.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,606,503 shares of the financial services provider's stock valued at $529,409,000 after purchasing an additional 993,942 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in KeyCorp by 12.2% in the second quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider's stock valued at $288,403,000 after acquiring an additional 2,213,872 shares during the last quarter. Earnest Partners LLC raised its stake in KeyCorp by 23.2% during the second quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider's stock worth $176,631,000 after acquiring an additional 2,339,454 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of KeyCorp by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider's stock worth $149,299,000 after acquiring an additional 300,339 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of KeyCorp by 3.2% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,114,598 shares of the financial services provider's stock valued at $119,170,000 after purchasing an additional 222,187 shares in the last quarter. 79.69% of the stock is owned by 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.