KeyCorp (NYSE:KEY) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

A number of other equities research analysts have also commented on KEY. Morgan Stanley decreased their price objective on KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Evercore ISI started coverage on KeyCorp in a research report on Wednesday, November 20th. They set a “buy” rating and a $21.00 price objective for the company. DA Davidson restated a “buy” rating on shares of KeyCorp in a research report on Monday, November 18th. Piper Jaffray Companies set a $19.00 price objective on KeyCorp and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, UBS Group raised their price objective on KeyCorp from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.43.

Shares of NYSE KEY opened at $19.06 on Tuesday. KeyCorp has a one year low of $13.65 and a one year high of $19.54. The firm has a market capitalization of $19.10 billion, a PE ratio of 11.02, a PEG ratio of 2.65 and a beta of 1.31. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $18.68 and a two-hundred day moving average price of $17.53.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. KeyCorp had a return on equity of 12.71% and a net margin of 21.93%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the company posted $0.45 EPS. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. Research analysts anticipate that KeyCorp will post 1.8 EPS for the current year.

In other news, Director Trina M. Evans sold 25,436 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $18.32, for a total transaction of $465,987.52. Following the completion of the sale, the director now directly owns 108,678 shares of the company’s stock, valued at approximately $1,990,980.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Beth E. Mooney sold 437,737 shares of the firm’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $18.28, for a total value of $8,001,832.36. Following the sale, the chief executive officer now directly owns 1,662,612 shares of the company’s stock, valued at $30,392,547.36. The disclosure for this sale can be found here. Insiders have sold a total of 673,027 shares of company stock valued at $12,352,973 over the last ninety days. Company insiders own 0.08% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of KeyCorp by 4.0% in the 3rd quarter. Raymond James Trust N.A. now owns 14,372 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 555 shares in the last quarter. Hartford Investment Management Co. raised its stake in shares of KeyCorp by 0.4% in the 2nd quarter. Hartford Investment Management Co. now owns 156,120 shares of the financial services provider’s stock valued at $2,771,000 after acquiring an additional 564 shares in the last quarter. Signaturefd LLC raised its stake in shares of KeyCorp by 9.0% in the 3rd quarter. Signaturefd LLC now owns 7,248 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 597 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of KeyCorp by 2.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 24,712 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 619 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of KeyCorp by 13.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,649 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 657 shares in the last quarter. 80.64% of the stock is owned by institutional investors.

About KeyCorp

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.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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