KeyCorp (NYSE:KEY) has earned an average recommendation of “Buy” from the twenty-seven analysts that are presently covering the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $15.04.
A number of analysts have recently commented on KEY shares. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of KeyCorp in a research note on Wednesday, October 12th. Zacks Investment Research raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Standpoint Research cut shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Monday. Wedbush reissued an “outperform” rating and set a $16.00 target price (up previously from $15.00) on shares of KeyCorp in a research note on Friday, October 28th. Finally, Vetr raised shares of KeyCorp from a “buy” rating to a “strong-buy” rating and set a $14.14 target price for the company in a research note on Thursday, October 13th.
Several large investors have recently made changes to their positions in KEY. Envestnet Asset Management Inc. increased its stake in shares of KeyCorp by 31.1% in the first quarter. Envestnet Asset Management Inc. now owns 151,554 shares of the financial services provider’s stock worth $1,673,000 after buying an additional 35,976 shares in the last quarter. LPL Financial LLC increased its stake in shares of KeyCorp by 26.0% in the first quarter. LPL Financial LLC now owns 86,305 shares of the financial services provider’s stock worth $932,000 after buying an additional 17,827 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in shares of KeyCorp during the first quarter worth approximately $1,808,000. Squarepoint Ops LLC purchased a new stake in shares of KeyCorp during the first quarter worth approximately $2,031,000. Finally, Park National Corp OH increased its stake in shares of KeyCorp by 16.3% in the second quarter. Park National Corp OH now owns 64,747 shares of the financial services provider’s stock worth $715,000 after buying an additional 9,070 shares in the last quarter. 71.65% of the stock is currently owned by institutional investors.
Shares of KeyCorp (NYSE:KEY) opened at 17.52 on Tuesday. The company has a 50-day moving average of $14.38 and a 200-day moving average of $12.61. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 20.18 and a beta of 1.00. KeyCorp has a 52-week low of $9.88 and a 52-week high of $17.57.
KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, October 25th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. The business earned $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. KeyCorp had a net margin of 15.72% and a return on equity of 8.44%. The company’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share. Equities research analysts anticipate that KeyCorp will post $1.10 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 29th will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, November 25th. KeyCorp’s dividend payout ratio is presently 39.08%.