Shares of KeyCorp (NYSE:KEY) have earned a consensus recommendation of “Hold” from the twenty-five research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.01.

KEY has been the topic of a number of research analyst reports. Nomura boosted their target price on Equinix from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, March 29th. ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Wood & Company reissued an “average” rating and issued a $38.00 target price on shares of KeyCorp in a research report on Thursday, May 16th. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. cut their target price on Realogy from $14.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, April 4th.

NYSE KEY traded up $0.04 on Friday, reaching $17.87. The stock had a trading volume of 6,045,042 shares, compared to its average volume of 8,762,893. The company has a market capitalization of $17.98 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.25. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 0.98. KeyCorp has a 12-month low of $13.65 and a 12-month high of $21.91. The company’s fifty day moving average price is $17.10.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, April 18th. The financial services provider reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.60 billion. KeyCorp had a net margin of 24.18% and a return on equity of 13.16%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. On average, sell-side analysts expect that KeyCorp will post 1.79 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date was Friday, May 24th. KeyCorp’s dividend payout ratio is currently 39.31%.

In other news, insider Amy G. Brady sold 13,238 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $17.00, for a total transaction of $225,046.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.08% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of KeyCorp by 15.6% during the first quarter. BlackRock Inc. now owns 80,357,523 shares of the financial services provider’s stock worth $1,265,630,000 after purchasing an additional 10,824,887 shares in the last quarter. FMR LLC grew its stake in shares of KeyCorp by 21.1% during the first quarter. FMR LLC now owns 18,418,818 shares of the financial services provider’s stock worth $290,096,000 after purchasing an additional 3,204,467 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of KeyCorp by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 13,284,088 shares of the financial services provider’s stock worth $195,989,000 after purchasing an additional 767,195 shares in the last quarter. Northern Trust Corp grew its stake in shares of KeyCorp by 1.0% during the fourth quarter. Northern Trust Corp now owns 11,741,641 shares of the financial services provider’s stock worth $173,540,000 after purchasing an additional 119,242 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of KeyCorp by 23.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,672,672 shares of the financial services provider’s stock worth $142,957,000 after purchasing an additional 1,811,571 shares in the last quarter. Hedge funds and other institutional investors own 80.41% of the company’s stock.

KeyCorp Company Profile

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.

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Analyst Recommendations for KeyCorp (NYSE:KEY)

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