KeyCorp (NYSE:KEY) Price Target Raised to $21.00

KeyCorp (NYSE:KEY) had its price target hoisted by Barclays from $19.00 to $21.00 in a research report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

Several other equities analysts also recently issued reports on the stock. Robert W. Baird downgraded shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their price target for the company from $18.00 to $17.00 in a report on Monday, October 14th. Keefe, Bruyette & Woods boosted their target price on KeyCorp from $19.00 to $22.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler increased their price target on KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group lifted their price objective on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Wedbush increased their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.44.

KeyCorp Stock Down 0.3 %

Shares of KEY opened at $17.14 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $16.81. The stock has a market cap of $16.99 billion, a price-to-earnings ratio of 1,714.00, a P/E/G ratio of 1.00 and a beta of 1.27. KeyCorp has a 12 month low of $12.94 and a 12 month high of $20.04.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.27 by $0.03. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. Equities analysts predict that KeyCorp will post 1.09 EPS for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were issued a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.82 dividend on an annualized basis and a yield of 4.78%. KeyCorp’s dividend payout ratio is presently 8,200.00%.

Insider Buying and Selling at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This trade represents a 19.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the transaction, the insider now directly owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

Institutional investors have recently modified their holdings of the business. Wolff Wiese Magana LLC raised its holdings in KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the period. American Capital Advisory LLC acquired a new stake in shares of KeyCorp during the third quarter worth $28,000. Larson Financial Group LLC raised its holdings in shares of KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 918 shares during the period. Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the 3rd quarter valued at $35,000. Finally, Capital Performance Advisors LLP bought a new position in KeyCorp during the 3rd quarter worth about $38,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

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.