KeyCorp (NYSE:KEY) Given Consensus Rating of “Hold” by Analysts

KeyCorp (NYSE:KEY) has earned an average recommendation of “Hold” from the twenty ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $22.6842.

Several equities analysts have recently issued reports on KEY shares. Keefe, Bruyette & Woods boosted their target price on KeyCorp from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. The Goldman Sachs Group lifted their price target on shares of KeyCorp from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Truist Financial upped their price objective on shares of KeyCorp from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Monday. Evercore ISI lifted their target price on shares of KeyCorp from $21.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 6th. Finally, Piper Sandler boosted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, December 9th.

KeyCorp Price Performance

KEY stock opened at $21.66 on Friday. The stock has a market capitalization of $23.67 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.52 and a beta of 1.09. The firm’s 50-day moving average price is $20.44 and its two-hundred day moving average price is $18.99. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. KeyCorp has a 12-month low of $12.73 and a 12-month high of $22.07.

KeyCorp (NYSE:KEY) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.95 billion. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.KeyCorp’s quarterly revenue was up 131.8% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. As a group, equities analysts predict that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be given a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $0.82 annualized dividend and a dividend yield of 3.8%. KeyCorp’s dividend payout ratio is currently 53.95%.

Insider Buying and Selling at KeyCorp

In related news, Director Trina M. Evans sold 32,695 shares of KeyCorp stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $21.74, for a total transaction of $710,789.30. Following the sale, the director directly owned 58,719 shares in the company, valued at $1,276,551.06. The trade was a 35.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of KeyCorp

A number of hedge funds have recently modified their holdings of KEY. Washington Capital Management Inc. increased its stake in shares of KeyCorp by 8.1% in the 4th quarter. Washington Capital Management Inc. now owns 83,810 shares of the financial services provider’s stock worth $1,730,000 after acquiring an additional 6,300 shares in the last quarter. D.A. Davidson & CO. grew its holdings in KeyCorp by 19.9% in the fourth quarter. D.A. Davidson & CO. now owns 121,926 shares of the financial services provider’s stock worth $2,517,000 after purchasing an additional 20,242 shares during the period. Kestra Private Wealth Services LLC increased its stake in shares of KeyCorp by 255.3% during the fourth quarter. Kestra Private Wealth Services LLC now owns 51,786 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 37,209 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in shares of KeyCorp by 453.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 2,154 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,765 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of KeyCorp by 27.2% in the 4th quarter. Sanctuary Advisors LLC now owns 32,532 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 6,962 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.