KeyCorp (NYSE:KEY) has earned an average recommendation of “Buy” from the twenty-five research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $22.53.
KEY has been the topic of several recent analyst reports. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 27th. ValuEngine lowered KeyCorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Argus assumed coverage on KeyCorp in a research report on Tuesday. They set a “buy” rating and a $24.00 target price on the stock. BMO Capital Markets lowered their target price on KeyCorp from $25.00 to $24.00 and set an “outperform” rating on the stock in a research report on Friday, April 20th. Finally, UBS Group raised KeyCorp from a “neutral” rating to a “positive” rating in a research report on Tuesday, April 24th.
KeyCorp traded down $0.06, hitting $19.54, during trading on Tuesday, according to MarketBeat.com. The company’s stock had a trading volume of 13,045,747 shares, compared to its average volume of 9,748,598. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.87 and a current ratio of 0.89. The firm has a market cap of $20.74 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02.
The business also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Tuesday, May 29th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, May 25th. This represents a $0.48 annualized dividend and a yield of 2.46%. This is an increase from KeyCorp’s previous quarterly dividend of $0.11. KeyCorp’s dividend payout ratio is 35.29%.
In related news, insider Edward J. Burke sold 10,000 shares of the company’s stock in a transaction on Tuesday, May 8th. The stock was sold at an average price of $19.83, for a total transaction of $198,300.00. Following the completion of the sale, the insider now owns 126,526 shares in the company, valued at $2,509,010.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Fiera Capital Corp grew its holdings in KeyCorp by 25.0% during the first quarter. Fiera Capital Corp now owns 12,902 shares of the financial services provider’s stock worth $252,000 after buying an additional 2,582 shares in the last quarter. TCW Group Inc. grew its holdings in KeyCorp by 0.9% during the first quarter. TCW Group Inc. now owns 277,576 shares of the financial services provider’s stock worth $5,427,000 after buying an additional 2,604 shares in the last quarter. LS Investment Advisors LLC grew its holdings in KeyCorp by 6.0% during the first quarter. LS Investment Advisors LLC now owns 47,496 shares of the financial services provider’s stock worth $929,000 after buying an additional 2,680 shares in the last quarter. MML Investors Services LLC grew its holdings in KeyCorp by 17.3% during the fourth quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock worth $374,000 after buying an additional 2,744 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its holdings in KeyCorp by 1.0% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 292,230 shares of the financial services provider’s stock worth $5,713,000 after buying an additional 2,955 shares in the last quarter. Institutional investors and hedge funds own 79.98% of the company’s stock.
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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