KeyCorp (NYSE:KEY) has been assigned an average recommendation of “Buy” from the twenty-five research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $22.03.
Several research analysts recently commented on the stock. CIBC reaffirmed a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Stephens raised shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a report on Thursday, December 14th. Vining Sparks reaffirmed a “buy” rating and issued a $25.00 price objective on shares of KeyCorp in a report on Thursday, January 18th. Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Tuesday, December 26th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd.
KeyCorp (NYSE KEY) opened at $20.96 on Friday. The company has a market cap of $22,232.00, a P/E ratio of 18.71, a P/E/G ratio of 1.32 and a beta of 1.01. KeyCorp has a fifty-two week low of $16.28 and a fifty-two week high of $22.40. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02.
KeyCorp (NYSE:KEY) last released 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. The company had revenue of $1.59 billion during 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 earned $0.31 EPS. analysts predict that KeyCorp will post 1.67 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.
In other news, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $21.21, for a total transaction of $250,680.99. Following the sale, the insider now owns 51,791 shares in the company, valued at approximately $1,098,487.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Christopher M. Gorman sold 56,038 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,857 shares of company stock worth $1,953,548. Corporate insiders own 0.65% of the company’s stock.
Several institutional investors have recently bought and sold shares of KEY. Raymond James Financial Services Advisors Inc. raised its position in shares of KeyCorp by 15.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 121,499 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 15,862 shares in the last quarter. Sei Investments Co. raised its position in KeyCorp by 42.3% in the 3rd quarter. Sei Investments Co. now owns 522,886 shares of the financial services provider’s stock worth $9,841,000 after purchasing an additional 155,327 shares during the period. New York State Common Retirement Fund raised its position in KeyCorp by 2.0% in the 3rd quarter. New York State Common Retirement Fund now owns 2,521,792 shares of the financial services provider’s stock worth $47,460,000 after purchasing an additional 49,800 shares during the period. Advisor Group Inc. raised its position in KeyCorp by 29.1% in the 3rd quarter. Advisor Group Inc. now owns 50,950 shares of the financial services provider’s stock worth $960,000 after purchasing an additional 11,491 shares during the period. Finally, Comerica Bank raised its position in KeyCorp by 4.0% in the 3rd quarter. Comerica Bank now owns 451,667 shares of the financial services provider’s stock worth $8,234,000 after purchasing an additional 17,332 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.
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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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