Several other equities analysts have also commented on the stock. Wedbush assumed coverage on shares of KeyCorp in a report on Thursday, October 6th. They set an outperform rating and a $15.00 target price on the stock. Zacks Investment Research raised shares of KeyCorp from a sell rating to a hold rating in a report on Tuesday, October 4th. Piper Jaffray Cos. lowered shares of KeyCorp from an overweight rating to a neutral rating and reduced their target price for the company from $14.50 to $13.00 in a report on Monday, August 29th. Citigroup Inc. increased their target price on shares of KeyCorp from $14.00 to $15.00 and gave the company a buy rating in a report on Monday, August 22nd. Finally, BMO Capital Markets reaffirmed a buy rating and set a $15.00 target price on shares of KeyCorp in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $14.39.
KeyCorp (NYSE:KEY) traded down 3.110% during trading on Wednesday, reaching $12.305. 5,372,528 shares of the company traded hands. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 12.725 and a beta of 1.21. The firm’s 50 day moving average price is $12.38 and its 200 day moving average price is $11.96. KeyCorp has a 12-month low of $9.88 and a 12-month high of $14.01.
KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm earned $0.27 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts expect that KeyCorp will post $1.06 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. MSI Financial Services Inc boosted its position in shares of 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 during the period. Wealthfront Inc. purchased a new stake in KeyCorp during the second quarter worth $123,000. Sigma Investment Management Co raised its stake 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 purchased a new stake in KeyCorp during the second quarter worth $134,000. Finally, Mizuho Asset Management Co. Ltd. raised its stake 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.
KeyCorp Company Profile
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.
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