Vetr upgraded shares of KeyCorp (NYSE:KEY) from a buy rating to a strong-buy rating in a report issued on Thursday. They currently have $14.14 price target on the financial services provider’s stock.
Other equities research analysts have also recently issued reports about the stock. Nomura restated a buy rating on shares of KeyCorp in a report on Saturday, July 9th. Wells Fargo & Co. reiterated a hold rating on shares of KeyCorp in a report on Saturday, July 9th. Barclays PLC reiterated a sell rating on shares of KeyCorp in a report on Saturday, July 9th. Deutsche Bank AG reiterated a hold rating and set a $13.00 price objective on shares of KeyCorp in a report on Wednesday, June 15th. Finally, Jefferies Group reiterated a buy rating and set a $14.00 price objective (down from $14.50) on shares of KeyCorp in a report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. KeyCorp presently has a consensus rating of Buy and a consensus target price of $14.41.
Shares of KeyCorp (NYSE:KEY) traded up 2.19% during trading on Thursday, hitting $12.58. 4,534,162 shares of the stock traded hands. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $11.96. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 13.01 and a beta of 1.21. KeyCorp has a 1-year low of $9.88 and a 1-year high of $14.01.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. The business earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. On average, equities analysts forecast that KeyCorp will post $1.06 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. MSI Financial Services Inc boosted its position 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 in the last quarter. Wealthfront Inc. bought a new position in KeyCorp during the second quarter worth approximately $123,000. Sigma Investment Management Co boosted its position in KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,135 shares in the last quarter. Regentatlantic Capital LLC bought a new position in KeyCorp during the second quarter worth approximately $134,000. Finally, Mizuho Asset Management Co. Ltd. boosted its position in KeyCorp by 84.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,341 shares of the financial services provider’s stock worth $136,000 after buying an additional 5,639 shares in the last quarter. 66.25% of the stock is owned by institutional investors and hedge funds.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.