KeyCorp (NYSE:KEY) Given Average Rating of “Moderate Buy” by Analysts

Shares of KeyCorp (NYSE:KEY) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $15.71.

A number of research firms have weighed in on KEY. Evercore ISI raised their price target on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Raymond James started coverage on shares of KeyCorp in a report on Monday, January 8th. They issued a “market perform” rating for the company. Wedbush reduced their price target on shares of KeyCorp from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, January 19th. Keefe, Bruyette & Woods upped their price objective on shares of KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Argus lifted their target price on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now directly owns 214,630 shares of the company’s stock, valued at approximately $3,056,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the completion of the sale, the insider now owns 214,630 shares of the company’s stock, valued at $3,056,331.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth C. Gavrity sold 2,376 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $14.03, for a total value of $33,335.28. Following the completion of the transaction, the insider now directly owns 98,120 shares of the company’s stock, valued at approximately $1,376,623.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,442 shares of company stock worth $303,914. 0.61% of the stock is owned by insiders.

Institutional Trading of KeyCorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new position in shares of KeyCorp in the 4th quarter worth about $26,000. Sound Income Strategies LLC grew its holdings in shares of KeyCorp by 3,600.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 1,836 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of KeyCorp during the 3rd quarter worth approximately $28,000. First United Bank & Trust bought a new position in KeyCorp during the 4th quarter worth $29,000. Finally, Point72 Hong Kong Ltd acquired a new stake in KeyCorp in the fourth quarter worth $31,000. 79.69% of the stock is owned by institutional investors.

KeyCorp Trading Up 1.7 %

KEY opened at $14.63 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $13.57 billion, a price-to-earnings ratio of 16.44 and a beta of 1.29. The business has a fifty day moving average price of $14.69 and a 200 day moving average price of $13.38. KeyCorp has a 12 month low of $8.53 and a 12 month high of $15.86.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, April 18th. The financial services provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). KeyCorp had a return on equity of 10.63% and a net margin of 8.61%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The firm’s quarterly revenue was down 10.6% on a year-over-year basis. Sell-side analysts expect that KeyCorp will post 1.17 earnings per share for the current fiscal year.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.