KeyCorp (NYSE:KEY) PT Raised to $16.00

KeyCorp (NYSE:KEY) had its price objective boosted by Argus from $15.00 to $16.00 in a research report report published on Friday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

A number of other equities research analysts also recently commented on the stock. Morgan Stanley lifted their target price on shares of KeyCorp from $12.00 to $16.00 and gave the stock an equal weight rating in a research report on Wednesday, February 7th. Wells Fargo & Company lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an overweight rating in a research note on Thursday, March 28th. Raymond James assumed coverage on shares of KeyCorp in a research note on Monday, January 8th. They set a market perform rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. Finally, Jefferies Financial Group lifted their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock a buy rating in a research note on Monday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $15.71.

KeyCorp Trading Up 0.1 %

NYSE:KEY opened at $14.64 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.72. KeyCorp has a 12 month low of $8.53 and a 12 month high of $15.86. The company has a market cap of $13.58 billion, a PE ratio of 18.53 and a beta of 1.29. The company has a 50 day simple moving average of $14.70 and a two-hundred day simple moving average of $13.46.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. Research analysts forecast that KeyCorp will post 1.17 earnings per share for the current year.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction 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 sale, the insider now directly owns 214,630 shares in the company, valued at approximately $3,056,331.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other KeyCorp news, insider Kenneth C. Gavrity sold 2,376 shares of KeyCorp stock in a transaction on Friday, February 16th. The shares were sold at an average price of $14.03, for a total value of $33,335.28. Following the sale, the insider now directly owns 98,120 shares in the company, valued at approximately $1,376,623.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Angela G. Mago sold 3,405 shares of KeyCorp stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the completion of the sale, the insider now owns 214,630 shares in the company, valued at $3,056,331.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,442 shares of company stock worth $303,914. Insiders own 0.67% of the company’s stock.

Institutional Trading of KeyCorp

A number of large investors have recently made changes to their positions in KEY. Bruce G. Allen Investments LLC bought a new stake in shares of KeyCorp in the 4th quarter worth about $26,000. Sound Income Strategies LLC increased its holdings in shares of KeyCorp by 3,600.0% in the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,836 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of KeyCorp in the 3rd quarter worth about $28,000. First United Bank & Trust bought a new stake in shares of KeyCorp in the 4th quarter worth about $29,000. Finally, Baldwin Brothers LLC MA bought a new stake in shares of KeyCorp in the 4th quarter worth about $35,000. 79.69% of the stock is currently owned by institutional investors.

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.