KeyCorp (NYSE:KEY) Given New $19.00 Price Target at Jefferies Financial Group

KeyCorp (NYSE:KEY) had its target price lifted by investment analysts at Jefferies Financial Group from $18.00 to $19.00 in a report issued on Monday,MarketScreener reports. The firm presently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 2.29% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of KeyCorp from $19.00 to $19.50 and gave the company a “neutral” rating in a research report on Friday, October 10th. Royal Bank Of Canada boosted their price target on KeyCorp from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. DA Davidson reduced their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, October 17th. TD Cowen boosted their target price on KeyCorp from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, October 3rd. Finally, Truist Financial lowered their price objective on KeyCorp from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, October 17th. Nine analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.68.

KeyCorp Stock Up 1.1%

NYSE KEY traded up $0.20 during trading hours on Monday, reaching $18.58. 546,057 shares of the company traded hands, compared to its average volume of 19,050,596. The stock has a market capitalization of $20.30 billion, a PE ratio of 22.94, a PEG ratio of 0.52 and a beta of 1.18. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. KeyCorp has a 12 month low of $12.73 and a 12 month high of $19.58. The company has a 50 day moving average of $17.91 and a two-hundred day moving average of $17.75.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. The company’s revenue for the quarter was up 172.7% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.47) EPS. As a group, equities analysts expect that KeyCorp will post 1.5 earnings per share for the current year.

Insider Buying and Selling at KeyCorp

In other news, insider Andrew J. Paine III sold 44,953 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total transaction of $867,143.37. Following the completion of the sale, the insider owned 245,044 shares in the company, valued at $4,726,898.76. This trade represents a 15.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Activest Wealth Management lifted its stake in shares of KeyCorp by 8,775.0% during the 2nd quarter. Activest Wealth Management now owns 1,420 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 1,404 shares during the period. Tompkins Financial Corp acquired a new stake in KeyCorp during the second quarter worth about $26,000. United Community Bank bought a new position in KeyCorp in the 3rd quarter worth about $27,000. Zions Bancorporation National Association UT bought a new stake in shares of KeyCorp during the 1st quarter worth about $28,000. Finally, Sachetta LLC grew its stake in shares of KeyCorp by 1,246.1% in the 3rd quarter. Sachetta LLC now owns 1,723 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 1,595 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

About KeyCorp

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.