KeyCorp Receives a Hold from Deutsche Bank

By George MacDonald

Deutsche Bank analyst Matt O’Connor reiterated a Hold rating on KeyCorp (NYSE: KEY) on July 28 and set a price target of $13. The company’s shares closed last Friday at $11.70.

According to, O’Connor is a 3-star analyst with an average return of 1.6% and a 58.6% success rate. O’Connor covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Fifth Third Bancorp, and Goldman Sachs Grp.

Currently, the analyst consensus on KeyCorp is Moderate Buy and the average price target is $13.43, representing a 14.8% upside.

In a report issued on July 26, Oppenheimer also reiterated a Hold rating on the stock.

KeyCorp`s market cap is currently $9.85B and has a P/E ratio of 11.64. The company has a book value ratio of 0.9145%.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KEY in relation to earlier this year. Most recently, in May 2015, Ruth Ann Gillis, a a Director at KEY bought 5,200 shares for a total of $76,492.

KeyCorp is a bank holding company. The company through its subsidiary, KeyBank National Association provides a wide range of retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients. It operates through two business segments: Key Community Bank, Key Corporate Bank and Other. The Key Community Bank segment serves individuals and small to mid-sized businesses by offering a variety of deposit, investment, lending, and personalized wealth management products and services. The Key Corporate Bank segment focuses on on serving the needs of middle market clients in six industry sectors: consumer, energy, healthcare, industrial, public sector and real estate. Key Corporate Bank delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance. The Other segments consist of corporate treasury, community development, principal investing, and various exit portfolios. KeyCorp was founded in 1958 and is headquartered in Cleveland, OH.