Shares of KeyCorp (NYSE:KEY) were down 5.3% during trading on Wednesday . The stock traded as low as $16.51 and last traded at $16.53. Approximately 17,487,762 shares traded hands during mid-day trading, an increase of 39% from the average daily volume of 12,563,415 shares. The stock had previously closed at $17.46.

Several analysts have recently commented on KEY shares. Citigroup raised their target price on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 3rd. BMO Capital Markets downgraded KeyCorp from an “outperform” rating to a “market perform” rating and set a $17.00 target price for the company. in a research note on Friday, January 18th. Wedbush downgraded KeyCorp from an “outperform” rating to a “neutral” rating and set a $16.63 target price for the company. in a research note on Monday, February 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Finally, Sandler O’Neill upgraded KeyCorp from a “hold” rating to a “buy” rating and raised their target price for the company from $16.50 to $19.00 in a research note on Friday, January 11th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $22.74.

The stock has a market cap of $17.88 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.57 and a beta of 1.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.88 and a current ratio of 0.89.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. KeyCorp had a net margin of 24.74% and a return on equity of 13.26%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. During the same quarter last year, the firm earned $0.33 EPS. Equities analysts predict that KeyCorp will post 1.85 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $0.68 annualized dividend and a yield of 4.11%. KeyCorp’s payout ratio is 39.31%.

In other KeyCorp news, insider Angela G. Mago sold 4,162 shares of KeyCorp stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $17.33, for a total transaction of $72,127.46. Following the transaction, the insider now owns 128,464 shares of the company’s stock, valued at approximately $2,226,281.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert A. Deangelis sold 31,166 shares of KeyCorp stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $17.37, for a total transaction of $541,353.42. Following the transaction, the insider now directly owns 196,478 shares in the company, valued at approximately $3,412,822.86. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Bruderman Asset Management LLC bought a new position in shares of KeyCorp during the 4th quarter worth approximately $26,000. First Interstate Bank lifted its position in shares of KeyCorp by 853.0% during the 4th quarter. First Interstate Bank now owns 2,049 shares of the financial services provider’s stock worth $30,000 after buying an additional 1,834 shares in the last quarter. Executive Wealth Management LLC bought a new position in shares of KeyCorp during the 4th quarter worth approximately $36,000. Lindbrook Capital LLC bought a new position in shares of KeyCorp during the 4th quarter worth approximately $41,000. Finally, Doyle Wealth Management bought a new position in shares of KeyCorp during the 4th quarter worth approximately $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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KeyCorp Company Profile (NYSE:KEY)

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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