DA Davidson Has Lowered Expectations for KeyCorp (NYSE:KEY) Stock Price

KeyCorp (NYSE:KEY) had its price target dropped by analysts at DA Davidson from $22.00 to $21.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price target would indicate a potential upside of 21.16% from the stock’s previous close.

KEY has been the topic of several other reports. Barclays raised their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Evercore ISI boosted their price target on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Piper Sandler lifted their price objective on KeyCorp from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Truist Financial assumed coverage on KeyCorp in a report on Tuesday, January 7th. They issued a “hold” rating and a $19.00 price target for the company. Finally, Keefe, Bruyette & Woods cut their price objective on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday. Nine investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.56.

KeyCorp Trading Down 1.7 %

Shares of KeyCorp stock opened at $17.33 on Wednesday. The stock has a market cap of $17.18 billion, a PE ratio of 1,752.90, a price-to-earnings-growth ratio of 0.69 and a beta of 1.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. The company has a 50-day moving average of $18.13 and a two-hundred day moving average of $17.06. KeyCorp has a 12-month low of $13.10 and a 12-month high of $20.04.

Insiders Place Their Bets

In other news, Director Carlton L. Highsmith sold 9,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by insiders.

Hedge Funds Weigh In On KeyCorp

A number of hedge funds and other institutional investors have recently modified their holdings of KEY. Wolff Wiese Magana LLC increased its holdings in KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,142 shares during the last quarter. American Capital Advisory LLC bought a new stake in KeyCorp during the third quarter worth approximately $28,000. Larson Financial Group LLC grew its holdings in KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of KeyCorp in the third quarter worth $35,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of KeyCorp during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

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.