Shares of KeyCorp (NYSE:KEY) have earned a consensus rating of “Buy” from the twenty-five analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and seventeen have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $22.03.
Several research analysts have issued reports on KEY shares. Oppenheimer reissued a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. Sandler O’Neill reissued a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a research report on Friday, January 19th. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $24.00 in a research report on Thursday, January 25th. Vining Sparks reissued a “buy” rating and set a $25.00 price objective on shares of KeyCorp in a research report on Thursday, January 18th. Finally, DA Davidson raised their price objective on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday, January 19th.
In other news, insider Robert A. Deangelis sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total value of $527,750.00. Following the completion of the sale, the insider now owns 175,053 shares in the company, valued at approximately $3,695,368.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the sale, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. Insiders sold a total of 92,857 shares of company stock valued at $1,953,548 in the last 90 days. Company insiders own 0.65% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in KEY. Zions Bancorporation lifted its stake in shares of KeyCorp by 2,277.5% in the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. acquired a new stake in shares of KeyCorp in the third quarter valued at about $132,000. We Are One Seven LLC acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $183,000. Davis R M Inc. acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $217,000. Finally, Jump Trading LLC acquired a new stake in shares of KeyCorp in the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 81.68% of the company’s stock.
KEY stock traded down $0.43 during midday trading on Friday, hitting $19.59. 6,583,557 shares of the company were exchanged, compared to its average volume of 10,136,003. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market cap of $22,242.61, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.32 and a beta of 1.01. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.40.
KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period last year, the firm posted $0.31 EPS. equities analysts expect that KeyCorp will post 1.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.
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KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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