KeyCorp (NYSE:KEY) Receives $19.58 Consensus Target Price from Analysts

Shares of KeyCorp (NYSE:KEY) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.1944.

A number of brokerages recently weighed in on KEY. Evercore ISI upped their price target on shares of KeyCorp from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of KeyCorp in a research report on Saturday, September 27th. Citigroup reaffirmed a “neutral” rating and set a $20.00 price target (up from $19.00) on shares of KeyCorp in a research report on Thursday, July 24th. Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 2nd. Finally, DA Davidson upped their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Andrew J. Paine III sold 44,953 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the completion of the transaction, the insider directly owned 245,044 shares of the company’s stock, valued at $4,726,898.76. This represents a 15.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Trina M. Evans sold 17,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $18.67, for a total transaction of $317,390.00. Following the completion of the transaction, the director directly owned 82,719 shares of the company’s stock, valued at approximately $1,544,363.73. The trade was a 17.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 174,102 shares of company stock valued at $3,299,664 in the last ninety days. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEY. Dakota Wealth Management lifted its holdings in shares of KeyCorp by 2.2% during the second quarter. Dakota Wealth Management now owns 27,374 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 586 shares during the period. Bryn Mawr Trust Advisors LLC lifted its holdings in shares of KeyCorp by 4.8% during the second quarter. Bryn Mawr Trust Advisors LLC now owns 13,363 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 608 shares during the period. Investors Asset Management of Georgia Inc. GA ADV lifted its holdings in shares of KeyCorp by 2.9% during the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 22,412 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 639 shares during the period. AlphaCore Capital LLC boosted its stake in shares of KeyCorp by 5.2% in the 1st quarter. AlphaCore Capital LLC now owns 13,238 shares of the financial services provider’s stock valued at $212,000 after purchasing an additional 651 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of KeyCorp by 34.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 2,644 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 671 shares during the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

KeyCorp Trading Up 1.0%

KEY stock opened at $18.63 on Friday. The company has a market cap of $20.43 billion, a price-to-earnings ratio of -266.17, a PEG ratio of 0.65 and a beta of 1.15. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The business has a fifty day simple moving average of $18.58 and a 200-day simple moving average of $16.96. KeyCorp has a 52 week low of $12.73 and a 52 week high of $20.04.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.81 billion. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%.The business’s revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. On average, equities research analysts expect that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 2nd. KeyCorp’s dividend payout ratio is presently -1,171.43%.

About KeyCorp

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.