KeyCorp (NYSE:KEY) with $24 Target Got Analyzed By Argus.

June 27, 2018 - By Daniel Cummings

KeyCorp (NYSE:KEY) Corporate Logo

During 2018 Q1 the big money sentiment increased to 1.04. That’s change of 0.08, from 2017Q4’s 0.96. 34 investors sold all, 219 reduced holdings as KeyCorp ratio increased. 190 rose positions while 74 funds acquired positions. Funds hold 822.67 million shares thus 1.60% less from 2017Q4’s 836.01 million shares.

Cadence Capital Management Limited Liability Company invested in 125,261 shs or 0.16% of the stock. Connecticut-based Essex Finance Svcs has invested 0.16% in KeyCorp (NYSE:KEY). Mariner Wealth Advsrs reported 10,188 shs stake. Commercial Bank Of Nova Scotia reported 134,874 shs or 0.01% of all its holdings. Colony Gp Limited Liability Co holds 11,795 shs. Guardian Life Ins Of America holds 0.01% in KeyCorp (NYSE:KEY) or 2,480 shs. Systematic Finance L P has invested 0.75% in KeyCorp (NYSE:KEY). Nbw Limited Company stated it has 1.04% of its capital in KeyCorp (NYSE:KEY). Amalgamated Bankshares stated it has 0.07% of its capital in KeyCorp (NYSE:KEY). Millennium Ltd Liability Corporation owns 7.48 million shs. Brown Advisory Incorporated invested in 0% or 12,335 shs. Lombard Odier Asset Mgmt (Switzerland) Sa reported 16,337 shs. Mitsubishi Ufj Banking Corp owns 2.19M shs. Sun Life Financial holds 190 shs. Mitsubishi Ufj Securities holds 0.12% of its capital in KeyCorp (NYSE:KEY) for 1,600 shs.

KeyCorp had 5 selling transactions and 1 insider purchase since January 22, 2018. This’s net activity of $2.65 million. $198,300 worth of KeyCorp (NYSE:KEY) was sold by Burke Edward J. on Tuesday, May 8. Another trade for 11,819 shs valued at $250,639 was sold by Buffie Craig A. 25,000 KeyCorp (NYSE:KEY) shs with value of $527,750 were sold by DeAngelis Robert A. On Tuesday, May 15 24,607 shs were sold by Brady Amy G., worth $504,444. 56,038 shs valued at $1.18 million were sold by Gorman Christopher M. on Thursday, February 15.

What Price Target Has Argus Given KeyCorp (NYSE:KEY)

upside potential of 21.40 % on KeyCorp (NYSE:KEY) means $24 PT given by Equity research analysts at Argus. Also on Tuesday morning coverage began by broker on the $20.98B market cap company.

KeyCorp (NYSE:KEY) Ratings Coverage

In total 12 analysts cover KeyCorp (NYSE:KEY). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. 83% are bullish. 16 are the (NYSE:KEY)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Monday, January 8 the firm earned “Buy” rating by Jefferies. On Thursday, January 4 Susquehanna maintained KeyCorp (NYSE:KEY) with “Hold” rating. On Thursday, April 19 BMO Capital Markets maintained KeyCorp (NYSE:KEY) with “Buy” rating. On Tuesday, April 24 the stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Susquehanna. On Tuesday, January 2 the firm has “Hold” rating given by Robert W. Baird. On Thursday, January 18 Susquehanna maintained KeyCorp (NYSE:KEY) rating. Susquehanna has “Hold” rating and $24.0 target. On Thursday, January 18 the rating was maintained by Piper Jaffray with “Buy”. The company rating was upgraded by Deutsche Bank on Thursday, January 25. On Thursday, January 18 the rating was maintained by BMO Capital Markets with “Buy”. On Wednesday, April 4 the firm earned “Buy” rating by Keefe Bruyette & Woods.

The stock decreased 0.18% or $0.035 during the last trading session, reaching $19.765.Currently KeyCorp is uptrending after 10.47% change in last June 27, 2017. KEY has also 390,520 shares volume. The stock underperformed the S&P 500 by 2.10%.

KeyCorp (NYSE:KEY)’s quarterly earnings will be revealed on July, 19., Zacks reports. Analysts predict $0.41 earnings per share. That’s $0.07 up or 20.59 % from 2017’s earnings of $0.34. If the current earnings per share of $0.41 is accurate, KEY’s profit could hit $435.29 million. 7.89 % EPS growth is what Wall Street’s sees after $0.38 reported EPS last quarter.

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.The company has $20.98 billion market cap. 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, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.15.98 is the P/E ratio. It also purchases retail auto sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients.

There’s a significant KeyCorp (NYSE:KEY) news posted by Bizjournals.com. It’s a report titled: “Bank Notes: KeyCorp’s branch closing plan hits Greater Philadelphia” on June 25, 2018.

KeyCorp (NYSE:KEY) Institutional Investors Chart

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