KeyCorp (NYSE:KEY) Given New $20.00 Price Target at DA Davidson

KeyCorp (NYSE:KEY - Free Report) had its price target increased by DA Davidson from $19.00 to $20.00 in a research report sent to investors on Monday, Benzinga reports. DA Davidson currently has a buy rating on the financial services provider's stock.

A number of other analysts have also commented on the company. The Goldman Sachs Group set a $19.00 price target on KeyCorp in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on KeyCorp from $17.50 to $16.50 and set a "neutral" rating for the company in a research note on Thursday, June 27th. Barclays raised their price objective on shares of KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday. UBS Group cut KeyCorp from a "buy" rating to a "neutral" rating and decreased their price target for the company from $16.00 to $15.00 in a research report on Monday, July 8th. Finally, Morgan Stanley lifted their price target on KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 14th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.62.

KeyCorp Stock Down 1.4 %

Shares of KEY traded down $0.25 on Monday, hitting $17.10. The company's stock had a trading volume of 7,559,838 shares, compared to its average volume of 14,333,651. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 0.97 and a beta of 1.25. KeyCorp has a fifty-two week low of $9.50 and a fifty-two week high of $17.94. The firm's fifty day moving average price is $16.64 and its 200-day moving average price is $15.37. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.09.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.52 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.27 EPS. On average, equities research analysts expect that KeyCorp will post 1.08 EPS for the current year.

Insider Transactions at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company'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 transaction, the director now owns 46,864 shares of the company's stock, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Hedge Funds Weigh In On KeyCorp

Large investors have recently made changes to their positions in the company. Vontobel Holding Ltd. lifted its position in shares of KeyCorp by 2.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock worth $565,000 after purchasing an additional 679 shares during the period. Valeo Financial Advisors LLC raised its position in KeyCorp by 1.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider's stock valued at $1,094,000 after buying an additional 704 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in KeyCorp by 2.5% during the second quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider's stock worth $429,000 after purchasing an additional 724 shares during the last quarter. Caldwell Sutter Capital Inc. lifted its holdings in KeyCorp by 3.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider's stock worth $331,000 after acquiring an additional 742 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of KeyCorp by 0.5% in the 1st quarter. Texas Permanent School Fund Corp now owns 193,354 shares of the financial services provider's stock worth $3,057,000 after buying an additional 894 shares during the last quarter. Institutional investors own 79.69% of the company's stock.

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.