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KeyCorp (NYSE:KEY) Reaches New 12-Month High at $19.49

KeyCorp (NYSE:KEY) shares reached a new 52-week high on Monday . The stock traded as high as $19.49 and last traded at $19.47, with a volume of 137144 shares changing hands. The stock had previously closed at $19.26.

Several research firms recently weighed in on KEY. UBS Group increased their price target on shares of KeyCorp from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wedbush increased their price objective on KeyCorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Deutsche Bank lowered KeyCorp from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Friday, October 25th. ValuEngine lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Wednesday, October 16th. Finally, DA Davidson reiterated a “buy” rating on shares of KeyCorp in a research note on Monday, November 18th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.76.

The stock has a market capitalization of $18.81 billion, a PE ratio of 11.16, a P/E/G ratio of 2.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.91 and a quick ratio of 0.89. The business’s fifty day moving average price is $18.25 and its 200-day moving average price is $17.43.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts expect that KeyCorp will post 1.8 earnings per share for the current fiscal year.

In related news, insider Amy G. Brady sold 15,756 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $19.27, for a total value of $303,618.12. Following the sale, the insider now directly owns 95,432 shares of the company’s stock, valued at $1,838,974.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amy G. Brady sold 10,806 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.02, for a total transaction of $194,724.12. The disclosure for this sale can be found here. Insiders sold 673,027 shares of company stock worth $12,352,973 over the last ninety days. 0.08% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in KEY. Crossmark Global Holdings Inc. raised its stake in KeyCorp by 1.8% in the second quarter. Crossmark Global Holdings Inc. now owns 86,988 shares of the financial services provider’s stock valued at $1,544,000 after purchasing an additional 1,514 shares in the last quarter. Heritage Investors Management Corp grew its holdings in shares of KeyCorp by 2.8% in the second quarter. Heritage Investors Management Corp now owns 91,365 shares of the financial services provider’s stock worth $1,622,000 after purchasing an additional 2,525 shares during the last quarter. Country Club Trust Company n.a. grew its holdings in shares of KeyCorp by 21.6% in the second quarter. Country Club Trust Company n.a. now owns 456,103 shares of the financial services provider’s stock worth $8,096,000 after purchasing an additional 80,945 shares during the last quarter. First Hawaiian Bank grew its holdings in shares of KeyCorp by 113.2% in the second quarter. First Hawaiian Bank now owns 11,312 shares of the financial services provider’s stock worth $201,000 after purchasing an additional 6,005 shares during the last quarter. Finally, KG&L Capital Management LLC grew its holdings in shares of KeyCorp by 6.6% in the second quarter. KG&L Capital Management LLC now owns 98,269 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 6,124 shares during the last quarter. 80.94% of the stock is currently owned by institutional investors and hedge funds.

About KeyCorp (NYSE:KEY)

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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