KeyCorp (NYSE:KEY)‘s stock had its “buy” rating reiterated by CIBC in a note issued to investors on Friday.
KEY has been the subject of a number of other research reports. Zacks Investment Research raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Citigroup boosted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 9th. Robert W. Baird reissued a “hold” rating and set a $18.00 target price on shares of KeyCorp in a research note on Friday, October 6th. Finally, Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a research note on Thursday, September 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.09.
Shares of KeyCorp (NYSE KEY) traded down $0.16 during trading on Friday, hitting $19.73. 9,581,800 shares of the company’s stock were exchanged, compared to its average volume of 10,984,752. The firm has a market capitalization of $21,389.70, a P/E ratio of 15.07, a P/E/G ratio of 1.81 and a beta of 1.10. KeyCorp has a 1-year low of $16.28 and a 1-year high of $20.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90.
In other news, Director Elizabeth R. Gile purchased 1,374 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of $18.23 per share, with a total value of $25,048.02. Following the purchase, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. In the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. Corporate insiders own 0.65% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zions Bancorporation grew its stake in shares of KeyCorp by 2,277.5% in the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $132,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $145,000. Sun Life Financial INC grew its stake in shares of KeyCorp by 80,370.0% in the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after buying an additional 8,037 shares during the period. Finally, AllSquare Wealth Management LLC purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $173,000. 81.20% of the stock is owned by institutional investors and hedge funds.
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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.
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