KeyCorp (NYSE:KEY)‘s stock had its “buy” rating reissued by stock analysts at CIBC in a research note issued to investors on Friday.

Several other equities analysts have also recently commented on KEY. Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $21.00 to $22.00 in a research note on Thursday, September 14th. Zacks Investment Research cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Robert W. Baird reaffirmed a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a research note on Friday, October 6th. Citigroup boosted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.09.

KeyCorp (NYSE:KEY) opened at $19.73 on Friday. The company has a market cap of $21,389.70, a P/E ratio of 15.07, a P/E/G ratio of 1.81 and a beta of 1.10. KeyCorp has a 12 month low of $16.28 and a 12 month high of $20.07. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. KeyCorp’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.30 earnings per share. equities analysts forecast that KeyCorp will post 1.37 EPS for the current year.

In related news, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 over the last quarter. 0.65% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of KEY. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock worth $448,990,000 after purchasing an additional 1,765,263 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in KeyCorp in the 3rd quarter worth $447,000. GSA Capital Partners LLP raised its holdings in KeyCorp by 21.1% in the 3rd quarter. GSA Capital Partners LLP now owns 51,286 shares of the financial services provider’s stock worth $965,000 after purchasing an additional 8,937 shares in the last quarter. California Public Employees Retirement System raised its holdings in KeyCorp by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 2,992,221 shares of the financial services provider’s stock worth $56,314,000 after purchasing an additional 74,117 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in KeyCorp by 24.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 93,963 shares of the financial services provider’s stock worth $1,768,000 after purchasing an additional 18,181 shares in the last quarter. Institutional investors own 81.20% of the company’s stock.

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About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Analyst Recommendations for KeyCorp (NYSE:KEY)

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