KeyCorp (NYSE:KEY) Receives $18.26 Consensus Target Price from Analysts

KeyCorp (NYSE:KEY) has received a consensus rating of “Moderate Buy” from the nineteen analysts that are presently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.56.

A number of analysts recently issued reports on KEY shares. Wells Fargo & Company increased their target price on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI lifted their target price on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Piper Sandler upped their price target on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday. Jefferies Financial Group lifted their price objective on shares of KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, Morgan Stanley increased their target price on shares of KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th.

Insider Buying and Selling at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares in the company, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now directly owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Franklin Resources Inc. boosted its position in shares of KeyCorp by 340.0% in the third quarter. Franklin Resources Inc. now owns 413,011 shares of the financial services provider’s stock valued at $7,186,000 after acquiring an additional 319,155 shares during the period. Wilmington Savings Fund Society FSB bought a new position in KeyCorp in the third quarter valued at approximately $395,000. Sanctuary Advisors LLC lifted its stake in KeyCorp by 23.8% during the third quarter. Sanctuary Advisors LLC now owns 71,218 shares of the financial services provider’s stock worth $1,193,000 after purchasing an additional 13,701 shares during the last quarter. Unigestion Holding SA acquired a new stake in shares of KeyCorp in the 3rd quarter valued at $558,000. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of KeyCorp by 1,974.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,541,680 shares of the financial services provider’s stock valued at $25,823,000 after purchasing an additional 1,467,351 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Trading Down 0.6 %

Shares of KEY opened at $18.79 on Friday. KeyCorp has a fifty-two week low of $12.76 and a fifty-two week high of $20.04. The company has a market capitalization of $18.63 billion, a PE ratio of 1,879.00, a price-to-earnings-growth ratio of 1.05 and a beta of 1.25. The stock has a fifty day moving average of $17.92 and a two-hundred day moving average of $16.17. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. As a group, analysts forecast that KeyCorp will post 1.09 EPS for the current year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, December 3rd will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.36%. KeyCorp’s dividend payout ratio (DPR) is 8,200.00%.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.