KeyCorp (KEY) Receives Average Rating of “Hold” from Analysts
Shares of KeyCorp (NYSE:KEY) have earned an average recommendation of “Hold” from the twenty-six brokerages that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $20.91.
A number of analysts have recently issued reports on the company. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of KeyCorp in a research report on Saturday, July 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research report on Friday, July 28th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $20.50 price objective on shares of KeyCorp in a research report on Friday, July 21st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of KeyCorp in a research report on Wednesday, September 27th. Finally, Wells Fargo & Company assumed coverage on KeyCorp in a research report on Wednesday, August 9th. They issued a “market perform” rating and a $19.00 price objective for the company.
KeyCorp (NYSE:KEY) opened at $17.64 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $18,970.05, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 1.60 and a beta of 1.10. KeyCorp has a one year low of $15.62 and a one year high of $19.53.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the firm posted $0.30 earnings per share. The business’s revenue was up 13.7% on a year-over-year basis. equities research analysts predict that KeyCorp will post 1.38 EPS for the current year.
In other news, Director Carlton L. Highsmith sold 7,600 shares of KeyCorp stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total value of $139,764.00. Following the transaction, the director now owns 68,725 shares in the company, valued at approximately $1,263,852.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 value of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,212 shares of company stock worth $1,060,508. Corporate insiders own 0.65% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Ballentine Partners LLC increased its stake in shares of KeyCorp by 0.5% in the 2nd quarter. Ballentine Partners LLC now owns 12,113 shares of the financial services provider’s stock valued at $223,000 after purchasing an additional 66 shares during the last quarter. Comerica Securities Inc. grew its position in KeyCorp by 0.7% during the 2nd quarter. Comerica Securities Inc. now owns 11,535 shares of the financial services provider’s stock worth $216,000 after acquiring an additional 83 shares during the last quarter. Essex Financial Services Inc. grew its position in KeyCorp by 0.3% during the 2nd quarter. Essex Financial Services Inc. now owns 39,160 shares of the financial services provider’s stock worth $734,000 after acquiring an additional 117 shares during the last quarter. Dividend Assets Capital LLC grew its position in KeyCorp by 0.5% during the 2nd quarter. Dividend Assets Capital LLC now owns 24,475 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 125 shares during the last quarter. Finally, HM Payson & Co. grew its position in KeyCorp by 1.2% during the 2nd quarter. HM Payson & Co. now owns 13,041 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.
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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