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

June 27, 2018 - By Gwen Gough

KeyCorp (NYSE:KEY) Corporate Logo

During Q1 2018 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 improved. 190 rose holdings while 74 funds bought holdings. Funds hold 822.67 million shares thus 1.60% less from 2017Q4’s 836.01 million shares.

United Kingdom-based Gsa Ptnrs Limited Liability Partnership has invested 0.11% in KeyCorp (NYSE:KEY). Point72 Asset Mngmt Limited Partnership holds 131,400 shs or 0.01% of its capital. Bluemountain Capital Limited Liability Company accumulated 26,957 shs. Fny Managed Accounts Ltd Liability Corporation has invested 0.01% in KeyCorp (NYSE:KEY). Moreover, Bridgewater Associate L P has 0.01% invested in KeyCorp (NYSE:KEY) for 76,489 shs. Basswood Capital Mngmt Ltd Liability Company reported 0.26% of its capital in KeyCorp (NYSE:KEY). Hudson Bay Cap Management L P reported 0.18% stake. Sei Invs Com holds 0.02% or 309,762 shs in its capital. Sun Life Financial holds 0% of its capital in KeyCorp (NYSE:KEY) for 190 shs. Rampart Management Com Limited Com has invested 0.11% of its capital in KeyCorp (NYSE:KEY). Employees Retirement Systems Of Texas has 0.03% invested in KeyCorp (NYSE:KEY). Greenwood Capital Limited Liability Corporation has 0.21% invested in KeyCorp (NYSE:KEY) for 44,850 shs. First Manhattan Com holds 0% of its capital in KeyCorp (NYSE:KEY) for 15,410 shs. Pnc Fincl Grp Inc Inc has 0.01% invested in KeyCorp (NYSE:KEY) for 492,929 shs. Stephens Ar stated it has 187,034 shs or 0.14% of all its holdings.

KeyCorp registered $2.65 million net activity with 1 buying transaction and 5 sales since January 22, 2018. On Wednesday, February 21 DeAngelis Robert A sold $527,750 worth of KeyCorp (NYSE:KEY) or 25,000 shs. 10,000 shs were sold by Burke Edward J., worth $198,300 on Tuesday, May 8. Midkiff Mark W bought $9,998 worth of KeyCorp (NYSE:KEY) or 458 shs on Monday, January 29. On Tuesday, May 15 Brady Amy G. sold $504,444 worth of KeyCorp (NYSE:KEY). On Thursday, February 15 Gorman Christopher M. had sold 56,038 shs worth $1.18 million.

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

After Argus’s $24 TP was released on Tuesday morning, the company began coverage of the KeyCorp (NYSE:KEY)‘s stock. The firm set a Buy rating of KEY.

KeyCorp (NYSE:KEY) Ratings Coverage

A total of 12 analysts rate KeyCorp (NYSE:KEY) as follows: 10 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 83% are bullish. (NYSE:KEY) has 16 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, January 2 the company was maintained by Robert W. Baird. On Thursday, January 4 the firm has “Hold” rating given by Susquehanna. On Tuesday, April 24 Morgan Stanley maintained KeyCorp (NYSE:KEY) with “Overweight” rating. On Wednesday, April 4 the firm has “Buy” rating by Keefe Bruyette & Woods given. On Thursday, January 18 Susquehanna maintained KeyCorp (NYSE:KEY) rating. Susquehanna has “Hold” rating and $24.0 target. On Thursday, January 25 the firm has “Buy” rating by Deutsche Bank given. On Tuesday, April 24 the firm earned “Buy” rating by Susquehanna. On Thursday, January 18 RBC Capital Markets maintained KeyCorp (NYSE:KEY) rating. RBC Capital Markets has “Buy” rating and $24.0 target. The stock rating was maintained by BMO Capital Markets with “Buy” on Thursday, January 18. On Monday, January 8 the stock has “Buy” rating by Jefferies.

Ticker’s shares touched $19.765 during the last trading session after 0.18% change.KeyCorp has volume of 390,520 shares. Since June 27, 2017 KEY has risen 10.47% and is uptrending. KEY underperformed by 2.10% the S&P500.

Investors expect KeyCorp (NYSE:KEY)’s quarterly earnings on July, 19., according to Zacks. Analysts expect change of 20.59 % or $0.07 from previous year’s $0.34 earnings per share compared to current’s $0.41 earnings per share. The profit will be $435.29 million for KEY if $0.41 earnings per share becomes true. After $0.38 EPS report previous quarter, Wall Street now forecasts 7.89 % EPS growth of KeyCorp.

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.The firm is valued at $20.98 billion. 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 published by Bizjournals.com. It’s an item 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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