KeyCorp (NYSE:KEY)‘s stock had its “buy” rating reissued by equities researchers at Keefe, Bruyette & Woods in a research report issued on Thursday, October 19th. They currently have a $21.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.32% from the stock’s previous close.
Several other analysts have also recently weighed in on the company. Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Tuesday, July 11th. Instinet reissued a “buy” rating and set a $23.00 price objective on shares of KeyCorp in a report on Wednesday, July 12th. UBS AG upgraded KeyCorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $19.00 to $22.00 in a research report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and set a $21.00 price target on shares of KeyCorp in a research report on Friday, July 14th. Finally, DA Davidson upgraded KeyCorp from a “neutral” rating to a “buy” rating and raised their price target for the stock from $20.00 to $21.00 in a research report on Thursday, July 20th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and thirteen have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $20.53.
KeyCorp (NYSE:KEY) traded down 0.81% during mid-day trading on Thursday, hitting $18.37. 10,633,113 shares of the company were exchanged. The company has a 50 day moving average of $18.29 and a 200 day moving average of $18.18. The stock has a market cap of $19.98 billion, a P/E ratio of 18.24 and a beta of 1.13. KeyCorp has a 12-month low of $13.83 and a 12-month high of $19.53.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.30 EPS. On average, equities research analysts expect that KeyCorp will post $1.31 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This story was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this story can be accessed at https://stocknewstimes.com/2017/10/29/keycorp-key-given-buy-rating-at-keefe-bruyette-woods.html.
In related news, insider Amy G. Brady sold 18,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $18.42, for a total value of $331,560.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ruth Ann M. Gillis acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $17.91 per share, for a total transaction of $35,820.00. Following the purchase, the director now owns 10,551 shares of the company’s stock, valued at $188,968.41. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 277,636 shares of company stock worth $5,149,949. Company insiders own 0.65% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in KeyCorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after acquiring an additional 4,230,390 shares in the last quarter. BlackRock Inc. boosted its position in KeyCorp by 2.7% during the 2nd quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock valued at $1,624,654,000 after acquiring an additional 2,280,450 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of KeyCorp by 1.9% during the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock valued at $232,925,000 after purchasing an additional 231,558 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of KeyCorp by 0.7% during the 2nd quarter. Bessemer Group Inc. now owns 12,000,915 shares of the financial services provider’s stock valued at $224,897,000 after purchasing an additional 87,019 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of KeyCorp by 5.5% during the 1st quarter. Geode Capital Management LLC now owns 10,693,438 shares of the financial services provider’s stock valued at $189,862,000 after purchasing an additional 556,612 shares during the last quarter. 80.64% of the stock is currently owned by institutional investors and hedge funds.
KeyCorp Company Profile
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.
Receive News & Ratings for KeyCorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for KeyCorp and related companies with MarketBeat.com’s FREE daily email newsletter.