KeyCorp (NYSE:KEY)‘s stock had its “buy” rating reaffirmed by stock analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $21.50 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 9.14% from the stock’s previous close.

A number of other research analysts have also recently issued reports on KEY. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price for the company in a research note on Thursday. Morgan Stanley reiterated an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a research note on Thursday. CIBC reiterated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $22.00 target price on shares of KeyCorp in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.28.

KeyCorp (NYSE KEY) traded down $0.30 during midday trading on Thursday, hitting $19.70. 9,142,000 shares of the company traded hands, compared to its average volume of 10,968,431. 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 has a twelve month low of $16.28 and a twelve month high of $20.15. The company has a market capitalization of $21,508.00, a PE ratio of 15.15, a PEG ratio of 1.82 and a beta of 1.10.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.30 earnings per share. sell-side analysts predict that KeyCorp will post 1.37 earnings per share for the current year.

In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction 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 sale, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth R. Gile bought 1,374 shares of the stock in a transaction on Wednesday, November 22nd. The shares were acquired at an average cost of $18.23 per share, with a total value of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 in the last ninety days. Company insiders own 0.65% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation lifted its position in 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 acquiring an additional 5,466 shares in the last quarter. Bank of Nova Scotia Trust Co. bought a new stake in KeyCorp in the 3rd quarter valued at $132,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in KeyCorp in the 3rd quarter valued at $145,000. Sun Life Financial INC lifted its position in 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 acquiring an additional 8,037 shares in the last quarter. Finally, AllSquare Wealth Management LLC bought a new stake in KeyCorp in the 3rd quarter valued at $173,000. 81.20% of the stock is owned by hedge funds and other institutional investors.

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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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