KeyCorp (NYSE:KEY) Price Target Increased to $20.00 by Analysts at DA Davidson

KeyCorp (NYSE:KEY) had its target price lifted by DA Davidson from $19.00 to $20.00 in a report released on Monday, Benzinga reports. DA Davidson currently has a buy rating on the financial services provider’s stock. DA Davidson also issued estimates for KeyCorp’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at $1.07 EPS and FY2025 earnings at $1.56 EPS.

Other equities analysts also recently issued research reports about the company. Robert W. Baird downgraded KeyCorp from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Wedbush lifted their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Jefferies Financial Group lifted their target price on KeyCorp from $18.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, August 19th. Evercore ISI lifted their target price on KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group set a $19.00 price objective on KeyCorp in a report on Thursday, October 17th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

KeyCorp Stock Performance

Shares of KeyCorp stock opened at $17.23 on Monday. KeyCorp has a one year low of $9.50 and a one year high of $17.94. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 1,723.00, a PEG ratio of 0.94 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The business’s 50 day moving average price is $16.70 and its 200 day moving average price is $15.39.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the completion of the transaction, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Institutional Trading of KeyCorp

Institutional investors and hedge funds have recently made changes to their positions in the company. Freestone Capital Holdings LLC purchased a new stake in shares of KeyCorp in the 1st quarter valued at about $561,000. Assenagon Asset Management S.A. raised its stake in KeyCorp by 87.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,308,797 shares of the financial services provider’s stock valued at $18,598,000 after acquiring an additional 610,688 shares during the last quarter. Commerce Bank raised its stake in KeyCorp by 399.7% during the 1st quarter. Commerce Bank now owns 456,136 shares of the financial services provider’s stock valued at $7,212,000 after acquiring an additional 364,850 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of KeyCorp during the 2nd quarter worth approximately $981,000. Finally, Cetera Investment Advisers raised its stake in shares of KeyCorp by 274.4% during the 1st quarter. Cetera Investment Advisers now owns 332,140 shares of the financial services provider’s stock worth $5,251,000 after buying an additional 243,437 shares in the last quarter. 79.69% of the stock is owned by hedge funds and other institutional investors.

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.