KeyCorp’s (KEY) “Hold” Rating Reaffirmed at Oppenheimer

KeyCorp (NYSE:KEY)‘s stock had its “hold” rating reissued by Oppenheimer in a report issued on Monday.

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 report on Monday, October 23rd. DA Davidson lifted their price objective on shares of KeyCorp to $26.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. Finally, ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two investment 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. The stock presently has an average rating of “Buy” and a consensus target price of $21.98.

Shares of KeyCorp (NYSE KEY) traded up $0.23 during trading on Monday, hitting $21.39. 9,060,000 shares of the company traded hands, compared to its average volume of 9,070,000. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. KeyCorp has a 12-month low of $16.28 and a 12-month high of $21.71. The stock has a market capitalization of $23,000.00, a PE ratio of 19.10, a PEG ratio of 1.58 and a beta of 1.09.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.31 earnings per share. analysts predict that KeyCorp will post 1.67 earnings per share for the current fiscal year.

In related news, Director Elizabeth R. Gile bought 1,374 shares of the business’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 completion of the purchase, the director now directly owns 24,989 shares of the company’s stock, valued at $455,549.47. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $18.39, for a total transaction of $139,764.00. Following the sale, the director now directly owns 68,725 shares of the company’s stock, valued at approximately $1,263,852.75. The disclosure for this sale can be found here. Insiders have sold 57,212 shares of company stock valued at $1,060,508 in the last three months. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its position in KeyCorp by 8.0% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock worth $448,990,000 after acquiring an additional 1,765,263 shares during the last quarter. Boston Partners acquired a new position in KeyCorp during the third quarter worth about $356,111,000. Bessemer Group Inc. boosted its position in KeyCorp by 0.5% during the third quarter. Bessemer Group Inc. now owns 12,065,873 shares of the financial services provider’s stock worth $227,079,000 after acquiring an additional 64,958 shares during the last quarter. Janus Henderson Group PLC boosted its position in KeyCorp by 6,189.4% during the second quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock worth $170,679,000 after acquiring an additional 8,962,913 shares during the last quarter. Finally, Voya Investment Management LLC boosted its position in KeyCorp by 3.3% during the second quarter. Voya Investment Management LLC now owns 8,168,757 shares of the financial services provider’s stock worth $153,083,000 after acquiring an additional 261,568 shares during the last quarter. Hedge funds and other institutional investors own 81.00% 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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