KeyCorp (NYSE:KEY) Receives Consensus Recommendation of “Hold” from Brokerages

KeyCorp (NYSE:KEY) has earned an average recommendation of “Hold” from the twenty-four analysts that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $23.93.

KEY has been the subject of several research analyst reports. ValuEngine raised shares of KeyCorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 18th. Robert W. Baird raised shares of KeyCorp from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $18.00 to $19.00 in a research note on Friday, June 21st. Credit Suisse Group raised shares of KeyCorp from an “average” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Wednesday. BMO Capital Markets lifted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “market perform” rating in a research note on Wednesday, July 24th. Finally, Nomura set a $18.00 price target on shares of KeyCorp and gave the company a “hold” rating in a research note on Friday, July 26th.

In other news, insider Andrew J. Paine III sold 99,999 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $18.26, for a total transaction of $1,825,981.74. Following the completion of the sale, the insider now directly owns 85,469 shares of the company’s stock, valued at $1,560,663.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Amy G. Brady sold 13,238 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $17.00, for a total transaction of $225,046.00. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

Several large investors have recently bought and sold shares of KEY. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in KeyCorp by 4.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 58,976 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 2,538 shares in the last quarter. Bell Rock Capital LLC grew its position in KeyCorp by 1.1% in the 1st quarter. Bell Rock Capital LLC now owns 181,703 shares of the financial services provider’s stock worth $2,863,000 after purchasing an additional 1,908 shares in the last quarter. TrimTabs Asset Management LLC bought a new stake in KeyCorp in the 1st quarter worth about $1,163,000. Winslow Evans & Crocker Inc. grew its position in KeyCorp by 106.7% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 7,604 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 3,926 shares in the last quarter. Finally, WP Advisors LLC bought a new stake in KeyCorp in the 1st quarter worth about $102,000. 80.36% of the stock is owned by institutional investors.

KEY stock traded down $0.49 during midday trading on Wednesday, hitting $16.16. The stock had a trading volume of 12,615,382 shares, compared to its average volume of 11,275,935. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 9.34, a P/E/G ratio of 2.93 and a beta of 1.24. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.95. KeyCorp has a 1-year low of $13.65 and a 1-year high of $21.91. The company’s fifty day moving average price is $17.58.

KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. KeyCorp had a net margin of 23.15% and a return on equity of 12.82%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. KeyCorp’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts predict that KeyCorp will post 1.8 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.185 per share. The ex-dividend date is Monday, August 26th. This is an increase from KeyCorp’s previous quarterly dividend of $0.17. This represents a $0.74 annualized dividend and a dividend yield of 4.58%. KeyCorp’s payout ratio is presently 39.31%.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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