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

KeyCorp (NYSE:KEY) had its target price increased by Barclays from $16.00 to $19.00 in a research note published on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the financial services provider’s stock.

KEY has been the topic of a number of other research reports. Robert W. Baird lowered shares of KeyCorp from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Jefferies Financial Group upped their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Monday, August 19th. DA Davidson raised their price target on KeyCorp from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. Finally, Morgan Stanley boosted their target price on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, KeyCorp currently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

KeyCorp Stock Up 0.6 %

KEY stock opened at $17.35 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50 day simple moving average is $16.61 and its 200-day simple moving average is $15.35. KeyCorp has a 12 month low of $9.50 and a 12 month high of $17.94. The firm has a market capitalization of $16.36 billion, a PE ratio of 21.96, a P/E/G ratio of 0.97 and a beta of 1.25.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.52 billion. KeyCorp had a return on equity of 8.64% and a net margin of 7.35%. KeyCorp’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Equities analysts expect that KeyCorp will post 1.08 earnings per share for the current fiscal year.

Insider Activity at KeyCorp

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the sale, the director now owns 46,864 shares of the company’s stock, valued at $759,665.44. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.61% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC purchased a new position in KeyCorp in the 1st quarter valued at about $25,000. Wolff Wiese Magana LLC grew its stake 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 valued at $26,000 after purchasing an additional 1,142 shares in the last quarter. Crewe Advisors LLC purchased a new stake in KeyCorp during the 1st quarter worth approximately $32,000. Fidelis Capital Partners LLC acquired a new position in shares of KeyCorp in the 1st quarter valued at approximately $39,000. Finally, Hexagon Capital Partners LLC boosted its stake in shares of KeyCorp by 189.6% during the 3rd 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 last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

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.