KeyCorp (NYSE:KEY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of KeyCorp (NYSE:KEYGet Free Report) have received an average recommendation of “Moderate Buy” from the seventeen research firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $16.00.

KEY has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on KeyCorp from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Argus increased their target price on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on KeyCorp from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Keefe, Bruyette & Woods raised their price objective on KeyCorp from $16.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Finally, Evercore ISI raised their price objective on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th.

View Our Latest Research Report on KeyCorp

Institutional Investors Weigh In On KeyCorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEY. Valeo Financial Advisors LLC increased its position in shares of KeyCorp by 1.0% during the first quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 704 shares during the period. Cornerstone Wealth Management LLC increased its position in shares of KeyCorp by 6.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 12,337 shares of the financial services provider’s stock valued at $178,000 after buying an additional 732 shares during the period. Caldwell Sutter Capital Inc. increased its position in shares of KeyCorp by 3.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider’s stock valued at $331,000 after buying an additional 742 shares during the period. Czech National Bank increased its position in shares of KeyCorp by 0.5% during the first quarter. Czech National Bank now owns 164,768 shares of the financial services provider’s stock valued at $2,605,000 after buying an additional 788 shares during the period. Finally, CWM LLC increased its position in shares of KeyCorp by 1.7% during the first quarter. CWM LLC now owns 50,656 shares of the financial services provider’s stock valued at $801,000 after buying an additional 837 shares during the period. 79.69% of the stock is currently owned by institutional investors.

KeyCorp Price Performance

KeyCorp stock opened at $13.93 on Friday. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 0.67 and a beta of 1.28. KeyCorp has a 52-week low of $9.10 and a 52-week high of $15.86. The stock’s 50 day moving average price is $14.75 and its two-hundred day moving average price is $14.36. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87.

KeyCorp (NYSE:KEYGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). KeyCorp had a return on equity of 8.89% and a net margin of 7.53%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. KeyCorp’s quarterly revenue was down 10.6% on a year-over-year basis. On average, equities analysts predict that KeyCorp will post 1.14 earnings per share for the current year.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date of this dividend is Friday, May 24th. KeyCorp’s dividend payout ratio is currently 103.80%.

About KeyCorp

(Get Free Report

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.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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