KeyCorp (NYSE:KEY) Receives $15.71 Average Price Target from Analysts

Shares of KeyCorp (NYSE:KEY) have been given a consensus rating of “Moderate Buy” by the eighteen brokerages that are presently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.71.

KEY has been the subject of several research analyst reports. Piper Sandler raised their price target on KeyCorp from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Evercore ISI raised their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. JPMorgan Chase & Co. raised their price target on KeyCorp from $16.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods raised their price target on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Finally, Wedbush cut their price target on KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, January 19th.

KeyCorp Stock Up 0.1 %

KEY stock opened at $14.64 on Friday. KeyCorp has a fifty-two week low of $8.53 and a fifty-two week high of $15.86. The business’s 50-day moving average is $14.70 and its two-hundred day moving average is $13.46. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 18.53 and a beta of 1.29.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue was down 10.6% compared to the same quarter last year. As a group, analysts forecast that KeyCorp will post 1.17 earnings per share for the current year.

Insider Activity

In other news, CAO Douglas M. Schosser sold 3,326 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the transaction, the chief accounting officer now owns 19,795 shares of the company’s stock, valued at approximately $277,130. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Douglas M. Schosser sold 3,326 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the sale, the chief accounting officer now directly owns 19,795 shares in the company, valued at $277,130. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Angela G. Mago sold 3,405 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the sale, the insider now owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The disclosure for this sale can be found here. Insiders sold a total of 21,442 shares of company stock valued at $303,914 in the last quarter. 0.67% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On KeyCorp

A number of large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC raised its stake in shares of KeyCorp by 1.0% in the first quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 704 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in KeyCorp by 6.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 732 shares during the period. Caldwell Sutter Capital Inc. boosted its holdings in KeyCorp by 3.7% in the first quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 742 shares during the period. Czech National Bank boosted its holdings in KeyCorp by 0.5% in the first quarter. Czech National Bank now owns 164,768 shares of the financial services provider’s stock valued at $2,605,000 after purchasing an additional 788 shares during the period. Finally, CWM LLC boosted its holdings in KeyCorp by 1.7% in the first quarter. CWM LLC now owns 50,656 shares of the financial services provider’s stock valued at $801,000 after purchasing an additional 837 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

About KeyCorp

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.