KeyCorp (NYSE:KEY) Receives $20.75 Consensus PT from Brokerages

Shares of KeyCorp (NYSE:KEY) have earned a consensus recommendation of “Hold” from the twenty-one analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $20.75.

Several research firms have weighed in on KEY. Weiss Ratings reissued a “hold (c-)” rating on shares of KeyCorp in a report on Friday, October 31st. Citigroup restated a “neutral” rating and set a $20.00 target price (up from $19.00) on shares of KeyCorp in a report on Thursday, July 24th. DA Davidson dropped their price objective on shares of KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, October 17th. Morgan Stanley upped their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Finally, Truist Financial decreased their price target on KeyCorp from $20.00 to $19.00 and set a “hold” rating on the stock in a research note on Friday, October 17th.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the transaction, the insider owned 245,044 shares in the company, valued at $4,726,898.76. The trade was a 15.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Institutional Investors Weigh In On KeyCorp

A number of institutional investors have recently modified their holdings of KEY. Brighton Jones LLC acquired a new position in KeyCorp during the 4th quarter valued at about $476,000. Allworth Financial LP raised its holdings in shares of KeyCorp by 246.9% during the first quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 1,543 shares during the period. New York State Common Retirement Fund grew its holdings in shares of KeyCorp by 0.6% during the first quarter. New York State Common Retirement Fund now owns 550,759 shares of the financial services provider’s stock valued at $8,807,000 after buying an additional 3,300 shares in the last quarter. Signaturefd LLC grew its stake in KeyCorp by 39.0% during the 1st quarter. Signaturefd LLC now owns 6,191 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 1,738 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in KeyCorp by 34.0% during the first quarter. SBI Securities Co. Ltd. now owns 2,644 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 671 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Trading Up 0.6%

Shares of KEY opened at $17.22 on Friday. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $18.81 billion, a P/E ratio of 21.25, a PEG ratio of 0.52 and a beta of 1.18. The firm’s 50-day moving average is $18.07 and its two-hundred day moving average is $17.63.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The company’s revenue for the quarter was up 172.7% on a year-over-year basis. During the same period last year, the firm earned ($0.47) EPS. On average, research analysts predict that KeyCorp will post 1.5 earnings per share for the current fiscal year.

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.