KeyCorp (NYSE:KEY)‘s stock had its “hold” rating reaffirmed by equities researchers at Oppenheimer in a research report issued to clients and investors on Monday.
Several other equities research analysts also recently commented on the stock. CIBC reiterated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a research note on Thursday, December 14th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.50 target price on shares of KeyCorp in a report on Thursday, December 14th. Finally, Barclays raised their target price on shares of KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $21.98.
KeyCorp (KEY) traded up $0.23 during trading hours on Monday, hitting $21.39. 9,060,000 shares of the stock traded hands, compared to its average volume of 9,070,000. KeyCorp has a 1-year low of $16.28 and a 1-year high of $21.71. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $23,000.00, a P/E ratio of 19.10, a P/E/G ratio of 1.58 and a beta of 1.09.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the firm posted $0.31 earnings per share. research analysts forecast that KeyCorp will post 1.67 earnings per share for the current fiscal year.
In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the transaction, the insider now directly owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. Insiders sold 57,212 shares of company stock valued at $1,060,508 in the last ninety days. 0.65% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC increased its holdings in KeyCorp by 0.8% in the second quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after buying an additional 150 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in KeyCorp by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after buying an additional 216 shares in the last quarter. Sterling Capital Management LLC increased its holdings in KeyCorp by 1.0% in the second quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after buying an additional 757 shares in the last quarter. Moors & Cabot Inc. increased its holdings in KeyCorp by 3.8% in the second quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after buying an additional 1,230 shares in the last quarter. Finally, Bank of Nova Scotia increased its holdings in KeyCorp by 0.6% in the second quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock valued at $4,633,000 after buying an additional 1,539 shares in the last quarter. 81.00% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/01/22/keycorp-key-given-hold-rating-at-oppenheimer.html.
KeyCorp Company Profile
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.
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.