KeyCorp (NYSE:KEY)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a report released on Thursday. They presently have a $23.00 target price on the financial services provider’s stock. Morgan Stanley’s target price points to a potential upside of 16.75% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. CIBC reiterated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company’s stock. KeyCorp has an average rating of “Buy” and an average target price of $21.15.

KeyCorp (KEY) traded down $0.30 during trading hours on Thursday, reaching $19.70. 9,142,000 shares of the company’s stock were exchanged, compared to its average volume of 10,968,431. The firm has a market capitalization of $21,508.00, a price-to-earnings ratio of 15.15, a PEG ratio of 1.82 and a beta of 1.10. KeyCorp has a 52-week low of $16.28 and a 52-week high of $20.15. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $1.55 billion for 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 company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. analysts expect that KeyCorp will post 1.37 earnings per share for the current fiscal year.

In other news, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, with a total value of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares of the company’s stock, valued at $455,549.47. The disclosure for this purchase can be found here. Insiders sold 57,212 shares of company stock valued at $1,060,508 in the last ninety days. Insiders own 0.65% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock worth $448,990,000 after buying an additional 1,765,263 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of KeyCorp in the 3rd quarter worth $447,000. GSA Capital Partners LLP lifted its holdings in shares of KeyCorp by 21.1% in the 3rd quarter. GSA Capital Partners LLP now owns 51,286 shares of the financial services provider’s stock worth $965,000 after buying an additional 8,937 shares during the period. California Public Employees Retirement System lifted its holdings in shares of KeyCorp by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 2,992,221 shares of the financial services provider’s stock worth $56,314,000 after buying an additional 74,117 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of KeyCorp by 24.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 93,963 shares of the financial services provider’s stock worth $1,768,000 after buying an additional 18,181 shares during the period. Institutional investors own 81.20% of the company’s stock.

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About KeyCorp

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.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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