KeyCorp (NYSE:KEY) Earns Hold Rating from Analysts at Truist Financial

Equities researchers at Truist Financial assumed coverage on shares of KeyCorp (NYSE:KEY - Get Free Report) in a research note issued to investors on Tuesday,Benzinga reports. The brokerage set a "hold" rating and a $19.00 price target on the financial services provider's stock. Truist Financial's price target would suggest a potential upside of 10.34% from the stock's previous close.

Several other equities analysts have also issued reports on the company. Evercore ISI upped their target price on KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Piper Sandler raised their price objective on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Keefe, Bruyette & Woods increased their price objective on KeyCorp from $19.00 to $22.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Ten analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, KeyCorp presently has a consensus rating of "Hold" and an average target price of $19.44.

KeyCorp Stock Down 0.9 %

Shares of KEY traded down $0.16 on Tuesday, reaching $17.22. The company's stock had a trading volume of 10,890,069 shares, compared to its average volume of 9,212,431. The stock has a market capitalization of $17.07 billion, a PE ratio of 1,722.00, a PEG ratio of 1.00 and a beta of 1.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a twelve month low of $12.94 and a twelve month high of $20.04. The firm has a fifty day moving average of $18.27 and a 200-day moving average of $16.78.

KeyCorp (NYSE:KEY - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. Equities analysts predict that KeyCorp will post 1.09 EPS for the current year.

Insider Buying and Selling at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of the firm's stock in a transaction that occurred on 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 directly owns 37,864 shares of the company's stock, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Angela G. Mago sold 15,011 shares of KeyCorp 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 owns 234,582 shares of the company's stock, valued at $4,595,461.38. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC raised its position in shares of 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 purchasing an additional 1,142 shares during the last quarter. American Capital Advisory LLC purchased a new position in KeyCorp during the third quarter worth approximately $28,000. Larson Financial Group LLC increased its holdings 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 worth $32,000 after acquiring an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of KeyCorp during the 3rd quarter worth about $35,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of KeyCorp during the third quarter worth approximately $38,000. 79.69% of the stock is currently 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.