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

KEY has been the subject of a number of other research reports. Zacks Investment Research raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. ValuEngine raised shares of KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Citigroup boosted their target price on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research note on Monday, October 9th. Robert W. Baird reissued a “hold” rating and set a $18.00 target price on shares of KeyCorp in a research note on Friday, October 6th. Finally, Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $21.00 to $22.00 in a research note on Thursday, September 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.09.

Shares of KeyCorp (NYSE KEY) traded down $0.16 during trading on Friday, hitting $19.73. 9,581,800 shares of the company’s stock were exchanged, compared to its average volume of 10,984,752. The firm has a market capitalization 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 1-year low of $16.28 and a 1-year 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.35. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.30 earnings per share. sell-side analysts expect that KeyCorp will post 1.37 earnings per share for the current fiscal year.

In other news, Director Elizabeth R. Gile purchased 1,374 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was acquired at an average price of $18.23 per share, with a total value of $25,048.02. Following the purchase, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. In the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. Corporate insiders own 0.65% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Zions Bancorporation grew its stake in shares of KeyCorp by 2,277.5% in the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after buying an additional 5,466 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $132,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $145,000. Sun Life Financial INC grew its stake in shares of KeyCorp by 80,370.0% in the 2nd quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock valued at $151,000 after buying an additional 8,037 shares during the period. Finally, AllSquare Wealth Management LLC purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $173,000. 81.20% of the stock is owned by institutional investors and hedge funds.

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KeyCorp Company Profile

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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