Shares of KeyCorp (NYSE:KEY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $19.44.
Several equities research analysts recently issued reports on KEY shares. Royal Bank of Canada lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Keefe, Bruyette & Woods upped their price target on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Evercore ISI boosted their price objective on KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group increased their target price on KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd.
Get Our Latest Stock Analysis on KEY
KeyCorp Price Performance
Shares of KEY stock traded up $0.48 during trading hours on Monday, reaching $18.32. The company's stock had a trading volume of 17,405,857 shares, compared to its average volume of 8,603,990. 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 has a fifty-two week low of $12.94 and a fifty-two week high of $20.04. The company has a market capitalization of $18.16 billion, a price-to-earnings ratio of 1,832.30, a PEG ratio of 0.63 and a beta of 1.27. The firm's 50 day simple moving average is $18.18 and its 200-day simple moving average is $17.01.
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. The firm had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. Sell-side analysts forecast that KeyCorp will post 1.1 earnings per share for the current year.
KeyCorp Announces Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.82 annualized dividend and a yield of 4.48%. KeyCorp's dividend payout ratio is currently 8,200.00%.
Insiders Place Their Bets
In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the business's 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 completion of the sale, the insider now owns 234,582 shares in the company, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the company'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 sale, the director now owns 37,864 shares in the company, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On KeyCorp
Several institutional investors have recently bought and sold shares of KEY. Wolff Wiese Magana LLC increased its stake in KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,142 shares during the last quarter. American Capital Advisory LLC bought a new stake in KeyCorp during the third quarter worth $28,000. Larson Financial Group LLC grew its stake in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 918 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of KeyCorp during the 3rd quarter valued at $35,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of KeyCorp during the 3rd quarter worth $38,000. Institutional investors own 79.69% of the company's stock.
About KeyCorp
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Get Free ReportKeyCorp 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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