KeyCorp (NYSE:KEY) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of KeyCorp (NYSE:KEY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nineteen analysts that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $17.79.

A number of analysts have weighed in on KEY shares. Robert W. Baird cut shares of KeyCorp from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $18.00 to $17.00 in a report on Monday, October 14th. The Goldman Sachs Group set a $19.00 price objective on shares of KeyCorp in a report on Thursday, October 17th. Evercore ISI increased their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Royal Bank of Canada increased their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Finally, Jefferies Financial Group increased their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the stock a "buy" rating in a report on Monday, August 19th.

Insider Activity

In other news, Director Carlton L. Highsmith sold 10,000 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares in the company, valued at approximately $759,665.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Advocates Investment Management boosted its holdings in shares of KeyCorp by 2.3% in the third quarter. Financial Advocates Investment Management now owns 26,872 shares of the financial services provider's stock worth $450,000 after buying an additional 602 shares during the period. HM Payson & Co. boosted its holdings in shares of KeyCorp by 27.0% in the third quarter. HM Payson & Co. now owns 3,060 shares of the financial services provider's stock worth $51,000 after buying an additional 650 shares during the period. Graypoint LLC boosted its holdings in shares of KeyCorp by 4.7% in the third quarter. Graypoint LLC now owns 14,954 shares of the financial services provider's stock worth $250,000 after buying an additional 675 shares during the period. Vontobel Holding Ltd. boosted its holdings in shares of KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock worth $565,000 after buying an additional 679 shares during the period. Finally, Empirical Finance LLC boosted its holdings in shares of KeyCorp by 2.2% in the third quarter. Empirical Finance LLC now owns 32,361 shares of the financial services provider's stock worth $542,000 after buying an additional 705 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Stock Performance

Shares of NYSE:KEY traded up $2.71 on Wednesday, reaching $19.97. 27,014,894 shares of the company's stock were exchanged, compared to its average volume of 14,088,543. The firm has a market capitalization of $18.84 billion, a price-to-earnings ratio of 1,997.00, a PEG ratio of 0.94 and a beta of 1.24. KeyCorp has a fifty-two week low of $10.73 and a fifty-two week high of $20.00. The business's 50-day moving average is $16.88 and its two-hundred day moving average is $15.59. 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 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.