KeyBanc (NYSE:KEY) had its price objective lowered by investment analysts at Deutsche Bank from $14.00 to $13.00 in a research note issued on Tuesday, AnalystRatings.NET reports. The firm currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank’s price objective indicates a potential upside of 17.33% from the company’s previous close.

In other news, CEO Beth E. Mooney bought 20,000 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was bought at an average price of $11.22 per share, for a total transaction of $224,400.00. Following the completion of the purchase, the chief executive officer now owns 494,861 shares of the company’s stock, valued at approximately $5,552,340.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles P. Cooley bought 15,000 shares of the business’s stock in a transaction dated Monday, January 25th. The stock was purchased at an average price of $10.95 per share, with a total value of $164,250.00. Following the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $219,000. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of the stock. DIAM Co. Ltd. boosted its position in KeyBanc by 8.4% in the fourth quarter. DIAM Co. Ltd. now owns 86,106 shares of the financial services provider’s stock worth $1,150,000 after buying an additional 6,700 shares during the period. Nordea Investment Management AB boosted its position in KeyBanc by 525.0% in the fourth quarter. Nordea Investment Management AB now owns 213,007 shares of the financial services provider’s stock valued at $2,810,000 after buying an additional 178,925 shares during the period. Smith Graham & Co. Investment Advisors LP boosted its position in KeyBanc by 3.4% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 290,000 shares of the financial services provider’s stock valued at $3,825,000 after buying an additional 9,470 shares during the period. British Columbia Investment Management Corp boosted its position in KeyBanc by 36.0% in the fourth quarter. British Columbia Investment Management Corp now owns 480,498 shares of the financial services provider’s stock valued at $6,338,000 after buying an additional 127,159 shares during the period. Finally, Russell Frank Co boosted its position in KeyBanc by 26.9% in the fourth quarter. Russell Frank Co now owns 2,158,254 shares of the financial services provider’s stock valued at $28,599,000 after buying an additional 457,327 shares during the period.

Several other brokerages have also issued reports on KEY. Vetr lowered KeyBanc from a “strong-buy” rating to a “buy” rating and set a $14.95 price objective for the company. in a report on Monday, November 9th. Barclays reiterated a “sell” rating on shares of KeyBanc in a report on Saturday, October 17th. Compass Point reiterated a “buy” rating and set a $17.50 price objective on shares of KeyBanc in a report on Friday, October 16th. FBR & Co. restated a “hold” rating on shares of KeyBanc in a report on Sunday. Finally, Zacks Investment Research lowered KeyBanc from a “hold” rating to a “sell” rating in a report on Tuesday, October 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty have issued a buy rating to the company’s stock. KeyBanc has an average rating of “Buy” and an average target price of $15.42.

KeyBanc (NYSE:KEY) traded up 1.47% on Tuesday, reaching $11.08. The company’s stock had a trading volume of 13,991,205 shares. KeyBanc has a 52 week low of $10.78 and a 52 week high of $15.70. The stock’s 50 day moving average is $12.38 and its 200-day moving average is $13.35. The firm has a market capitalization of $9.26 billion and a PE ratio of 10.54.

KeyBanc (NYSE:KEY) last announced its quarterly earnings data on Thursday, January 21st. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.01. The company earned $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. Analysts predict that KeyBanc will post $1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Stockholders of record on Tuesday, March 1st will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, February 26th.

KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association, which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Bank provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services. The Bank provides these services to individual, corporate and institutional clients. The Bank operates in two segments: Key Community Bank, which serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, credit card, and personalized wealth management products and business advisory services, and Key Corporate Bank, is a full-service corporate and investment bank focused on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology.

12 Month Chart for NYSE:KEY

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