KeyCorp (NYSE:KEY) Price Target Raised to $19.00 at Barclays

KeyCorp (NYSE:KEY) had its target price hoisted by Barclays from $16.00 to $19.00 in a research report report published on Friday morning, Benzinga reports. They currently have an equal weight rating on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. UBS Group lowered KeyCorp from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Monday, July 8th. Royal Bank of Canada boosted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday. Wedbush increased their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Morgan Stanley lifted their price target on shares of KeyCorp from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Baird R W cut shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.62.

KeyCorp Stock Performance

KEY stock opened at $17.10 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a twelve month low of $9.50 and a twelve month high of $17.94. The business’s fifty day moving average is $16.64 and its 200-day moving average is $15.37. The company has a market cap of $16.12 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25.

Insiders Place Their Bets

In related news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the sale, the director now owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company’s stock.

Institutional Trading of KeyCorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in KEY. Pathway Financial Advisers LLC acquired a new position in shares of KeyCorp during the 1st quarter worth about $25,000. Wolff Wiese Magana LLC grew its holdings in KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the period. Crewe Advisors LLC acquired a new position in KeyCorp during the first quarter worth approximately $32,000. Fidelis Capital Partners LLC bought a new stake in KeyCorp in the first quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC raised its stake in KeyCorp by 189.6% in the third quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock valued at $39,000 after buying an additional 1,513 shares during the period. 79.69% of the stock is 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.