KeyCorp (NYSE:KEY) has received an average recommendation of “Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.53.
A number of research analysts recently issued reports on KEY shares. Zacks Investment Research lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Monday, June 25th. Argus started coverage on shares of KeyCorp in a report on Tuesday, June 26th. They set a “buy” rating and a $24.00 price target for the company. Susquehanna Bancshares upgraded shares of KeyCorp from a “neutral” rating to a “positive” rating and raised their price target for the stock from $24.00 to $25.00 in a report on Tuesday, April 24th. BMO Capital Markets lowered their price target on shares of KeyCorp from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday, April 20th. Finally, UBS Group upgraded shares of KeyCorp from a “neutral” rating to a “positive” rating in a report on Tuesday, April 24th.
NYSE KEY traded down $0.19 during trading hours on Tuesday, reaching $19.68. The company’s stock had a trading volume of 4,066,000 shares, compared to its average volume of 9,685,525. The firm has a market cap of $20.74 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.87.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, April 19th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 19.32% and a return on equity of 11.03%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.32 EPS. research analysts anticipate that KeyCorp will post 1.7 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Tuesday, May 29th were paid a $0.12 dividend. The ex-dividend date was Friday, May 25th. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. This is a positive change from KeyCorp’s previous quarterly dividend of $0.11. KeyCorp’s payout ratio is currently 35.29%.
In other news, insider Edward J. Burke sold 10,000 shares of KeyCorp stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $19.83, for a total value of $198,300.00. Following the completion of the sale, the insider now owns 126,526 shares in the company, valued at approximately $2,509,010.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.
Several large investors have recently added to or reduced their stakes in KEY. Mount Yale Investment Advisors LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $114,000. First Personal Financial Services increased its stake in shares of KeyCorp by 139.7% in the 1st quarter. First Personal Financial Services now owns 5,894 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 3,435 shares in the last quarter. Adviser Investments LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $165,000. We Are One Seven LLC bought a new stake in shares of KeyCorp in the 4th quarter valued at $183,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at $196,000. Institutional investors own 79.98% of the company’s stock.
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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