Shares of KeyCorp (NYSE:KEY - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-one analysts that are covering the firm, Marketbeat reports. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $19.18.

KEY has been the topic of several analyst reports. TD Cowen initiated coverage on shares of KeyCorp in a research report on Thursday, May 15th. They set a "hold" rating and a $18.00 target price on the stock. Morgan Stanley reissued an "equal weight" rating on shares of KeyCorp in a research report on Thursday, April 17th. Royal Bank Of Canada reissued an "outperform" rating on shares of KeyCorp in a research report on Thursday, April 17th. Wall Street Zen raised shares of KeyCorp from a "sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Truist Financial lowered their price target on KeyCorp from $18.00 to $16.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd.

View Our Latest Stock Analysis on KEY

NYSE KEY opened at $18.34 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $20.10 billion, a PE ratio of -107.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.11. KeyCorp has a 1-year low of $12.73 and a 1-year high of $20.04. The firm's fifty day simple moving average is $16.52 and its 200-day simple moving average is $16.36.

KeyCorp (NYSE:KEY - Get Free Report) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.77 billion. KeyCorp had a negative net margin of 0.12% and a positive return on equity of 9.43%. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, sell-side analysts anticipate that KeyCorp will post 1.5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Tuesday, May 27th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Tuesday, May 27th. KeyCorp's payout ratio is presently -482.35%.

In related news, insider Mohit Ramani bought 10,000 shares of KeyCorp stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the completion of the purchase, the insider owned 10,000 shares in the company, valued at approximately $137,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 5,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $16.60, for a total transaction of $83,000.00. Following the transaction, the director owned 37,177 shares of the company's stock, valued at approximately $617,138.20. This represents a 11.85% decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KEY. Whittier Trust Co. increased its holdings in shares of KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after buying an additional 800 shares in the last quarter. Tompkins Financial Corp acquired a new stake in shares of KeyCorp during the second quarter worth approximately $26,000. Fourth Dimension Wealth LLC acquired a new stake in shares of KeyCorp during the fourth quarter worth approximately $28,000. Zions Bancorporation National Association UT acquired a new stake in shares of KeyCorp during the first quarter worth approximately $28,000. Finally, Allworth Financial LP increased its holdings in shares of KeyCorp by 246.9% during the first quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock worth $32,000 after buying an additional 1,543 shares in the last quarter. Institutional investors own 79.69% of the company's stock.

(Get Free Report

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider KeyCorp, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and KeyCorp wasn't on the list.

While KeyCorp currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here