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.
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.
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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