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.
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.
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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