Standpoint Research lowered shares of KeyCorp (NYSE:KEY) from a buy rating to a hold rating in a report published on Monday.
Other analysts have also issued research reports about the company. Rafferty Capital Markets upgraded KeyCorp from a hold rating to a buy rating in a report on Tuesday, October 25th. Vetr lowered KeyCorp from a strong-buy rating to a buy rating and set a $14.14 price objective for the company. in a report on Wednesday, October 19th. BMO Capital Markets reiterated a buy rating and set a $15.00 price objective on shares of KeyCorp in a report on Wednesday, July 27th. Jefferies Group reiterated a buy rating and set a $14.00 price objective (down previously from $14.50) on shares of KeyCorp in a report on Wednesday, July 27th. Finally, Citigroup Inc. increased their price objective on KeyCorp from $14.00 to $15.00 and gave the company a buy rating in a report on Monday, August 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $14.84.
Shares of KeyCorp (NYSE:KEY) opened at 17.435 on Monday. KeyCorp has a 12-month low of $9.88 and a 12-month high of $17.57. The company has a market cap of $18.84 billion, a price-to-earnings ratio of 20.086 and a beta of 1.00. The firm’s 50-day moving average price is $14.38 and its 200 day moving average price is $12.62.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, October 25th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.26 by $0.04. KeyCorp had a return on equity of 8.44% and a net margin of 15.72%. The firm earned $1.34 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue for the quarter was up 25.2% compared to the same quarter last year. On average, analysts predict that KeyCorp will post $1.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 29th will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, November 25th. KeyCorp’s dividend payout ratio (DPR) is presently 39.08%.
Several large investors have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in KeyCorp by 0.7% in the third quarter. MCF Advisors LLC now owns 8,598 shares of the financial services provider’s stock worth $105,000 after buying an additional 59 shares during the period. MSI Financial Services Inc boosted its stake in KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock worth $109,000 after buying an additional 860 shares during the period. Virtus Investment Advisers Inc. acquired a new stake in KeyCorp during the third quarter worth approximately $109,000. Cutler Capital Management LLC acquired a new stake in KeyCorp during the third quarter worth approximately $121,000. Finally, Wealthfront Inc. acquired a new stake in KeyCorp during the second quarter worth approximately $123,000. Hedge funds and other institutional investors own 71.65% of the company’s stock.
KeyCorp Company Profile