KeyCorp (NYSE:KEY) Given Average Recommendation of “Moderate Buy” by Brokerages

KeyCorp (NYSE:KEY) has been assigned an average recommendation of “Moderate Buy” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $19.58.

Several analysts recently commented on KEY shares. Royal Bank of Canada restated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods decreased their target price on shares of KeyCorp from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, January 22nd. Barclays upped 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. DA Davidson reduced their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Finally, Evercore ISI upped their target price on KeyCorp from $18.50 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd.

KeyCorp Stock Performance

Shares of KEY stock opened at $17.69 on Monday. KeyCorp has a 1-year low of $13.10 and a 1-year high of $20.04. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of -58.96, a P/E/G ratio of 0.65 and a beta of 1.27. The company has a current ratio of 0.85, a quick ratio of 0.88 and a debt-to-equity ratio of 0.77. The stock’s fifty day simple moving average is $18.03 and its 200-day simple moving average is $17.11.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be paid a $0.205 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a yield of 4.64%. KeyCorp’s payout ratio is presently -273.33%.

Insiders Place Their Bets

In related news, insider Angela G. Mago sold 15,011 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the transaction, the insider now owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. The trade was a 19.20 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently bought and sold shares of KEY. Wolff Wiese Magana LLC increased its holdings in shares of KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the period. American Capital Advisory LLC bought a new position in KeyCorp during the third quarter valued at about $28,000. Larson Financial Group LLC raised its holdings in KeyCorp by 90.8% in the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp in the 3rd quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of KeyCorp during the 3rd quarter worth approximately $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.