KeyCorp (NYSE:KEY) Price Target Raised to $18.00

KeyCorp (NYSE:KEY) had its price target hoisted by UBS Group from $17.00 to $18.00 in a research report released on Wednesday, Benzinga reports. UBS Group currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the company. Citigroup set a $19.00 price target on KeyCorp in a research report on Thursday, October 17th. Barclays increased their price target on shares of KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Morgan Stanley lifted their price objective on shares of KeyCorp from $18.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. DA Davidson boosted their price target on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Finally, Robert W. Baird cut KeyCorp from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Trading Down 1.1 %

NYSE KEY opened at $17.04 on Wednesday. The firm’s fifty day moving average price is $16.72 and its 200 day moving average price is $15.41. KeyCorp has a 12 month low of $9.77 and a 12 month high of $17.94. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $16.07 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 0.94 and a beta of 1.25.

Insider Buying and Selling

In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of KeyCorp stock in a transaction on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the transaction, the director now owns 46,864 shares in the company, valued at $759,665.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its position in KeyCorp by 280.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,976,965 shares of the financial services provider’s stock valued at $83,364,000 after buying an additional 3,668,168 shares in the last quarter. Ceredex Value Advisors LLC raised its stake in shares of KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider’s stock valued at $94,459,000 after acquiring an additional 3,517,755 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of KeyCorp during the 1st quarter valued at $42,857,000. National Bank of Canada FI boosted its position in KeyCorp by 1,051.3% during the 1st quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider’s stock worth $38,752,000 after purchasing an additional 2,346,565 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in KeyCorp in the 2nd quarter valued at $33,273,000. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Company Profile

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.