KeyCorp (KEY) Given “Hold” Rating at Oppenheimer
KeyCorp (NYSE:KEY)‘s stock had its “hold” rating reissued by research analysts at Oppenheimer in a research report issued to clients and investors on Monday.
A number of other equities analysts have also weighed in on KEY. Sandler O’Neill restated a “hold” rating and set a $21.50 price target on shares of KeyCorp in a research report on Friday. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a research report on Wednesday, September 27th. Vining Sparks restated a “buy” rating and set a $25.00 price target on shares of KeyCorp in a research report on Thursday. DA Davidson boosted their price target on shares of KeyCorp to $26.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $21.98.
Shares of KeyCorp (KEY) traded up $0.23 during midday trading on Monday, hitting $21.39. 9,060,000 shares of the stock traded hands, compared to its average volume of 9,070,000. KeyCorp has a 1-year low of $16.28 and a 1-year high of $21.71. The firm has a market capitalization of $23,000.00, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.
In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the transaction, the insider now directly owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the transaction, the director now owns 68,725 shares in the company, valued at $1,263,852.75. The disclosure for this sale can be found here. Insiders sold a total of 57,212 shares of company stock worth $1,060,508 over the last quarter. 0.65% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of KEY. GSA Capital Partners LLP boosted its holdings in KeyCorp by 14.4% in the 2nd quarter. GSA Capital Partners LLP now owns 42,349 shares of the financial services provider’s stock valued at $794,000 after purchasing an additional 5,328 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of KeyCorp by 16.1% in the 2nd quarter. D.A. Davidson & CO. now owns 33,475 shares of the financial services provider’s stock valued at $627,000 after acquiring an additional 4,633 shares during the period. TIAA FSB purchased a new stake in shares of KeyCorp in the 2nd quarter valued at approximately $218,000. Quantbot Technologies LP purchased a new stake in shares of KeyCorp in the 2nd quarter valued at approximately $174,000. Finally, Suntrust Banks Inc. raised its stake in shares of KeyCorp by 415.6% in the 2nd quarter. Suntrust Banks Inc. now owns 136,755 shares of the financial services provider’s stock valued at $2,561,000 after acquiring an additional 110,234 shares during the period. Institutional investors own 81.00% 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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