KeyCorp (NYSE:KEY) had its target price boosted by Deutsche Bank AG from $14.00 to $18.00 in a research report issued to clients and investors on Wednesday. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 3.99% from the company’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research upgraded KeyCorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Friday, October 28th. Jefferies Group restated a “buy” rating and issued a $16.00 price objective on shares of KeyCorp in a research note on Wednesday, October 26th. Rafferty Capital Markets upgraded KeyCorp from a “hold” rating to a “buy” rating in a research note on Tuesday, October 25th. Vetr lowered KeyCorp from a “strong-buy” rating to a “buy” rating and set a $14.14 price objective on the stock. in a research note on Wednesday, October 19th. Finally, Citigroup Inc. upped their price objective on KeyCorp from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $15.21.

Analyst Recommendations for KeyCorp (NYSE:KEY)

Shares of KeyCorp (NYSE:KEY) traded up 1.76% during mid-day trading on Wednesday, reaching $17.31. The company had a trading volume of 18,360,720 shares. The firm’s 50 day moving average is $14.68 and its 200-day moving average is $12.70. The stock has a market capitalization of $18.71 billion, a P/E ratio of 19.94 and a beta of 1.00. KeyCorp has a 12-month low of $9.88 and a 12-month high of $17.59.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.04. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.28 billion. KeyCorp had a return on equity of 8.44% and a net margin of 15.72%. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts expect that KeyCorp will post $1.10 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 29th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Friday, November 25th. KeyCorp’s payout ratio is presently 39.08%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in KEY. MCF Advisors LLC increased its position in shares of KeyCorp by 0.7% in the third quarter. MCF Advisors LLC now owns 8,598 shares of the financial services provider’s stock valued at $105,000 after buying an additional 59 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in KeyCorp during the third quarter valued at $109,000. MSI Financial Services Inc raised its position in KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock valued at $109,000 after buying an additional 860 shares during the period. Cutler Capital Management LLC acquired a new position in KeyCorp during the third quarter valued at $121,000. Finally, Checchi Capital Advisers LLC raised its position in KeyCorp by 55.6% in the third quarter. Checchi Capital Advisers LLC now owns 10,231 shares of the financial services provider’s stock valued at $125,000 after buying an additional 3,657 shares during the period. 78.55% of the stock is currently owned by hedge funds and other institutional investors.

About KeyCorp

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.

5 Day Chart for NYSE:KEY

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