KeyCorp (NYSE:KEY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $19.77 and last traded at $19.65, with a volume of 3539206 shares trading hands. The stock had previously closed at $19.30.

A number of brokerages have recently weighed in on KEY. ValuEngine upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group raised their target price on shares of KeyCorp from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Wednesday, November 6th. Morgan Stanley cut their target price on shares of KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Thursday, October 3rd. Finally, Piper Jaffray Companies set a $19.00 price target on shares of KeyCorp and gave the company a “buy” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. KeyCorp currently has an average rating of “Hold” and an average target price of $23.60.

The firm’s fifty day moving average price is $18.76 and its 200-day moving average price is $17.57. 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 company has a market cap of $19.10 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.65 and a beta of 1.31.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business earned $0.45 earnings per share. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. As a group, research analysts forecast that KeyCorp will post 1.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd will be given a $0.185 dividend. The ex-dividend date is Monday, December 2nd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.76%. KeyCorp’s dividend payout ratio is currently 42.77%.

In other KeyCorp news, Director Carlton L. Highsmith sold 9,515 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $18.07, for a total value of $171,936.05. Following the sale, the director now owns 70,640 shares of the company’s stock, valued at approximately $1,276,464.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Amy G. Brady sold 15,756 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $19.27, for a total transaction of $303,618.12. Following the completion of the sale, the insider now directly owns 95,432 shares in the company, valued at approximately $1,838,974.64. The disclosure for this sale can be found here. Insiders sold a total of 673,027 shares of company stock valued at $12,352,973 in the last quarter. Corporate insiders own 0.08% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Millennium Management LLC grew its position in KeyCorp by 5,144.8% in the third quarter. Millennium Management LLC now owns 4,952,552 shares of the financial services provider’s stock valued at $88,353,000 after acquiring an additional 4,858,125 shares during the period. Man Group plc boosted its position in KeyCorp by 96.8% in the third quarter. Man Group plc now owns 121,508 shares of the financial services provider’s stock valued at $2,167,000 after buying an additional 59,764 shares in the last quarter. National Pension Service grew its stake in KeyCorp by 5.4% during the third quarter. National Pension Service now owns 1,367,287 shares of the financial services provider’s stock worth $24,392,000 after buying an additional 70,026 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in KeyCorp by 0.7% during the third quarter. Public Employees Retirement System of Ohio now owns 439,806 shares of the financial services provider’s stock worth $7,846,000 after buying an additional 2,917 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its stake in KeyCorp by 65.1% during the third quarter. Point72 Asset Management L.P. now owns 308,400 shares of the financial services provider’s stock worth $5,502,000 after buying an additional 121,623 shares during the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.

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.

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