Research Analysts’ Recent Ratings Updates for KeyCorp (KEY)

A number of firms have modified their ratings and price targets on shares of KeyCorp (NYSE: KEY) recently:

• 4/8/2024 – KeyCorp had its price target raised by analysts at Jefferies Financial Group Inc. from $17.00 to $18.00. They now have a “buy” rating on the stock.
• 4/5/2024 – KeyCorp had its price target raised by analysts at Keefe, Bruyette & Woods from $16.00 to $18.00. They now have an “outperform” rating on the stock.
• 4/4/2024 – KeyCorp had its price target raised by analysts at JPMorgan Chase & Co. from $16.00 to $18.00. They now have a “neutral” rating on the stock.
• 3/28/2024 – KeyCorp had its price target raised by analysts at Wells Fargo & Company from $16.00 to $18.00. They now have an “overweight” rating on the stock.
• 3/28/2024 – KeyCorp had its price target raised by analysts at Evercore ISI from $17.00 to $18.00. They now have an “outperform” rating on the stock.

KeyCorp Trading Down 1.5 %

Shares of KeyCorp stock opened at $14.22 on Wednesday. The company has a 50 day simple moving average of $14.65 and a two-hundred day simple moving average of $13.34. The firm has a market cap of $13.18 billion, a PE ratio of 15.97 and a beta of 1.29. KeyCorp has a 1 year low of $8.53 and a 1 year high of $15.86. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.86 and a quick ratio of 0.86.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.02. KeyCorp had a net margin of 8.61% and a return on equity of 10.63%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the business earned $0.38 earnings per share. Analysts expect that KeyCorp will post 1.17 earnings per share for the current fiscal year.

Insider Activity at KeyCorp

In other KeyCorp news, CAO Douglas M. Schosser sold 3,326 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the sale, the chief accounting officer now owns 19,795 shares of the company’s stock, valued at $277,130. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, 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 transaction, the director now directly owns 81,622 shares in the company, valued at approximately $1,161,481.06. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Douglas M. Schosser sold 3,326 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $14.00, for a total value of $46,564.00. Following the completion of the sale, the chief accounting officer now owns 19,795 shares of the company’s stock, valued at approximately $277,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,442 shares of company stock valued at $303,914. Corporate insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KEY. Register Financial Advisors LLC grew its stake in shares of KeyCorp by 31.4% in the first quarter. Register Financial Advisors LLC now owns 10,543 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 2,522 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of KeyCorp by 13.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 100,573 shares of the financial services provider’s stock worth $1,590,000 after buying an additional 12,206 shares during the last quarter. Mcdonald Partners LLC increased its stake in shares of KeyCorp by 4.2% during the first quarter. Mcdonald Partners LLC now owns 22,861 shares of the financial services provider’s stock valued at $361,000 after buying an additional 924 shares during the period. Lloyd Advisory Services LLC. raised its holdings in shares of KeyCorp by 454.0% during the first quarter. Lloyd Advisory Services LLC. now owns 69,990 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 57,357 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in KeyCorp in the first quarter worth $483,000. Institutional investors own 79.69% of the company’s stock.

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.