KeyCorp (NYSE:KEY)‘s stock had its “hold” rating reissued by equities researchers at Sandler O’Neill in a report issued on Friday. They currently have a $21.50 target price on the financial services provider’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 1.61% from the company’s current price.
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 report on Monday, October 23rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a research report on Thursday, December 14th. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.50 target price on shares of KeyCorp in a research report on Thursday, December 14th. Finally, Citigroup lifted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.98.
Shares of KeyCorp (KEY) opened at $21.16 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.89. KeyCorp has a 1 year low of $16.28 and a 1 year high of $21.71. The company has a market cap of $22,755.46, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 1.62 and a beta of 1.10.
In other news, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth R. Gile acquired 1,374 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. In the last three months, insiders have sold 57,212 shares of company stock valued at $1,060,508. Insiders own 0.65% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in KeyCorp by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock worth $2,087,987,000 after buying an additional 4,230,390 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in 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. Boston Partners bought a new position in KeyCorp in the 3rd quarter worth $356,111,000. Northern Trust Corp boosted its holdings in KeyCorp by 1.9% in the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock worth $232,925,000 after buying an additional 231,558 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in KeyCorp by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 12,065,873 shares of the financial services provider’s stock worth $227,079,000 after buying an additional 64,958 shares during the period. 81.01% of the stock is owned by institutional investors.
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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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