KeyCorp (KEY) – What Are Brokerages Saying About This Stock?

Shares of KeyCorp (NYSE:KEY) have been given a consensus recommendation of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $46.25.

A number of equities research analysts have commented on the company. Argus raised KeyCorp to a “strong-buy” rating in a research note on Wednesday, July 29th. UBS Group lowered their target price on KeyCorp from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, October 5th. Citigroup reiterated a “neutral” rating on shares of KeyCorp in a report on Tuesday, September 22nd. Truist Financial reduced their price target on shares of KeyCorp from $24.00 to $23.00 and set a “hold” rating for the company in a research report on Wednesday, September 23rd. Finally, Weiss Ratings raised shares of KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday.

KeyCorp Stock Performance

Shares of KEY opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.84 and a quick ratio of 0.83. The stock has a 50-day moving average of $20.86 and a 200-day moving average of $21.55. The company has a market cap of $22.05 billion, a PE ratio of 11.48, a P/E/G ratio of 0.74 and a beta of 1.07. KeyCorp has a one year low of $16.91 and a one year high of $24.07.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.05 billion. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 EPS. On average, equities research analysts predict that KeyCorp will post 1.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other KeyCorp news, insider Andrew Paine, III sold 39,130 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $21.20, for a total value of $829,556.00. Following the transaction, the insider directly owned 191,571 shares of the company’s stock, valued at approximately $4,061,305.20. This trade represents a 16.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently added to or reduced their stakes in KEY. EverSource Wealth Advisors LLC boosted its holdings in shares of KeyCorp by 5.4% in the first quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 522 shares in the last quarter. TD Waterhouse Canada Inc. increased its stake in shares of KeyCorp by 13.3% during the third quarter. TD Waterhouse Canada Inc. now owns 4,695 shares of the financial services provider’s stock worth $94,000 after acquiring an additional 550 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its holdings in KeyCorp by 1.7% during the first quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 32,493 shares of the financial services provider’s stock worth $650,000 after purchasing an additional 556 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in KeyCorp by 2.2% during the first quarter. V Square Quantitative Management LLC now owns 26,258 shares of the financial services provider’s stock worth $526,000 after purchasing an additional 567 shares in the last quarter. Finally, Soltis Investment Advisors LLC raised its holdings in KeyCorp by 4.4% during the third quarter. Soltis Investment Advisors LLC now owns 13,382 shares of the financial services provider’s stock worth $269,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, and the parent of KeyBank National Association. KeyBank traces its history to 1825 and serves consumers, businesses, and institutions through banking and financial services.

The company’s offerings include consumer and small-business banking, commercial lending, treasury and payment services, investment banking, and wealth management. Its commercial and investment banking services are also available to clients beyond its retail branch footprint.

KeyBank operates branches across 15 states, with a presence in the Northeast, Midwest, and Pacific Northwest, as well as Alaska.