KeyCorp (NYSE:KEY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $21.00 to $22.00 in a research note on Thursday, September 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a research note on Friday, July 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $18.00 price target on shares of KeyCorp in a research note on Friday, October 6th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $22.00 price target on shares of KeyCorp in a research note on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $20.82.

Shares of KeyCorp (NYSE KEY) traded down $0.12 during trading hours on Wednesday, hitting $18.16. 9,206,923 shares of the stock were exchanged, compared to its average volume of 10,899,452. The firm has a market cap of $19,851.88, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.68 and a beta of 1.10. KeyCorp has a 12 month low of $16.28 and a 12 month high of $19.53. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 EPS. equities analysts forecast that KeyCorp will post 1.37 earnings per share for the current fiscal year.

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In other KeyCorp news, Director Carlton L. Highsmith sold 7,600 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total value of $139,764.00. Following the transaction, the director now owns 68,725 shares in the company, valued at approximately $1,263,852.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,212 shares of company stock worth $1,060,508. Company insiders own 0.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in KEY. Eqis Capital Management Inc. acquired a new position in KeyCorp in the 2nd quarter valued at approximately $217,000. Manning & Napier Advisors LLC increased its stake in KeyCorp by 3.8% in the 2nd quarter. Manning & Napier Advisors LLC now owns 74,978 shares of the financial services provider’s stock valued at $1,404,000 after buying an additional 2,715 shares during the period. Quantitative Systematic Strategies LLC increased its stake in KeyCorp by 74.4% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 40,466 shares of the financial services provider’s stock valued at $757,000 after buying an additional 17,262 shares during the period. Investment Partners Ltd. OH ADV increased its stake in KeyCorp by 9.1% in the 2nd quarter. Investment Partners Ltd. OH ADV now owns 21,111 shares of the financial services provider’s stock valued at $396,000 after buying an additional 1,765 shares during the period. Finally, Tributary Capital Management LLC increased its stake in KeyCorp by 353.8% in the 2nd quarter. Tributary Capital Management LLC now owns 124,800 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 97,300 shares during the period. Hedge funds and other institutional investors own 82.42% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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