KeyCorp (NYSE:KEY) PT Raised to $18.00

KeyCorp (NYSE:KEYGet Free Report) had its price objective increased by investment analysts at Wells Fargo & Company from $16.00 to $18.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.85% from the company’s previous close.

A number of other brokerages also recently issued reports on KEY. Morgan Stanley increased their price target on shares of KeyCorp from $12.00 to $16.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 7th. DA Davidson lowered their price target on shares of KeyCorp from $17.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, January 19th. Keefe, Bruyette & Woods lowered their price target on shares of KeyCorp from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, December 20th. Finally, Piper Sandler upped their price objective on shares of KeyCorp from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Get Our Latest Report on KeyCorp

KeyCorp Price Performance

NYSE KEY opened at $15.81 on Thursday. KeyCorp has a 52 week low of $8.53 and a 52 week high of $15.86. The company has a market cap of $14.66 billion, a PE ratio of 17.76 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.61. The firm’s 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $12.94.

KeyCorp (NYSE:KEYGet Free Report) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. KeyCorp had a net margin of 8.61% and a return on equity of 10.63%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. Research analysts predict that KeyCorp will post 1.18 earnings per share for the current year.

Insider Buying and Selling at KeyCorp

In other KeyCorp news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the transaction, the director now directly owns 81,622 shares in the company, valued at $1,161,481.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $14.24, for a total value of $48,487.20. Following the transaction, the insider now owns 214,630 shares in the company, valued at $3,056,331.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trina M. Evans sold 12,335 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $14.23, for a total transaction of $175,527.05. Following the completion of the transaction, the director now owns 81,622 shares in the company, valued at approximately $1,161,481.06. The disclosure for this sale can be found here. Insiders have sold 21,442 shares of company stock worth $303,914 over the last ninety days. Insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Canada Pension Plan Investment Board bought a new position in shares of KeyCorp in the first quarter worth approximately $38,000. Point72 Hong Kong Ltd bought a new position in shares of KeyCorp in the first quarter worth approximately $40,000. Bruce G. Allen Investments LLC purchased a new stake in KeyCorp in the fourth quarter worth $26,000. Sound Income Strategies LLC lifted its stake in KeyCorp by 3,600.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 1,836 shares during the period. Finally, First United Bank & Trust purchased a new stake in KeyCorp in the fourth quarter worth $29,000. Institutional investors own 79.69% of the company’s stock.

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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