KeyCorp (NYSE:KEY) Receives Average Recommendation of “Moderate Buy” from Analysts

KeyCorp (NYSE:KEY) has earned an average rating of “Moderate Buy” from the nineteen analysts that are currently covering the company, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $19.69.

A number of research analysts have recently weighed in on KEY shares. DA Davidson cut their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Stephens restated an “overweight” rating and set a $20.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Wells Fargo & Company increased their price target on KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Thursday, November 7th. Finally, UBS Group raised their price target on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd.

KeyCorp Trading Down 0.7 %

Shares of KeyCorp stock opened at $17.48 on Friday. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of -58.25, a PEG ratio of 0.66 and a beta of 1.26. The business has a 50-day moving average price of $17.63 and a 200-day moving average price of $17.30. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. KeyCorp has a twelve month low of $13.10 and a twelve month high of $20.04.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio is presently -273.32%.

Insider Transactions at KeyCorp

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of KeyCorp stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the transaction, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KEY. Creative Planning raised its position in KeyCorp by 2.9% during the third quarter. Creative Planning now owns 142,257 shares of the financial services provider’s stock valued at $2,383,000 after acquiring an additional 3,964 shares in the last quarter. Vontobel Holding Ltd. increased its position in shares of KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider’s stock valued at $565,000 after buying an additional 679 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,142 shares in the last quarter. B.O.S.S. Retirement Advisors LLC increased its position in shares of KeyCorp by 3.5% in the third quarter. B.O.S.S. Retirement Advisors LLC now owns 117,013 shares of the financial services provider’s stock valued at $1,960,000 after buying an additional 3,960 shares in the last quarter. Finally, Rheos Capital Works Inc. increased its position in shares of KeyCorp by 20.0% in the third quarter. Rheos Capital Works Inc. now owns 600,000 shares of the financial services provider’s stock valued at $10,050,000 after buying an additional 100,000 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

About KeyCorp

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.