Vining Sparks reissued their buy rating on shares of KeyCorp (NYSE:KEY) in a report published on Friday. Vining Sparks currently has a $25.00 price target on the financial services provider’s stock.
Several other equities analysts have also recently commented on KEY. Keefe, Bruyette & Woods reissued a buy rating and issued a $23.00 price target on shares of KeyCorp in a research report on Thursday, April 5th. Zacks Investment Research upgraded shares of KeyCorp from a sell rating to a hold rating in a report on Wednesday, April 4th. ValuEngine lowered shares of KeyCorp from a buy rating to a hold rating in a report on Monday, April 2nd. Oppenheimer restated a hold rating on shares of KeyCorp in a report on Monday, January 22nd. Finally, Sandler O’Neill restated a hold rating and issued a $21.50 price objective on shares of KeyCorp in a report on Friday, January 19th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $22.14.
Shares of KEY stock opened at $19.19 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.40. The company has a market capitalization of $20,248.52, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting 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 company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.31 EPS. equities analysts forecast that KeyCorp will post 1.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 2.19%. KeyCorp’s dividend payout ratio is currently 30.88%.
In related news, insider Robert A. Deangelis sold 25,000 shares of KeyCorp stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the sale, the insider now directly owns 175,053 shares in the company, valued at approximately $3,695,368.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of KeyCorp stock in a transaction on Thursday, February 15th. The stock was 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. Insiders have sold a total of 92,857 shares of company stock worth $1,953,548 over the last quarter. 0.67% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Zions Bancorporation increased its stake in 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 position in KeyCorp in the third quarter valued at $132,000. We Are One Seven LLC acquired a new position in KeyCorp in the fourth quarter valued at $183,000. Davis R M Inc. acquired a new position in KeyCorp in the fourth quarter valued at $217,000. Finally, Jump Trading LLC acquired a new position in KeyCorp in the fourth quarter valued at $219,000. Institutional investors own 81.70% of the company’s stock.
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KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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