KeyCorp (NYSE:KEY) announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35, Bloomberg Earnings reports. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.30 EPS.
KeyCorp (NYSE KEY) opened at 18.37 on Friday. The company has a market capitalization of $19.98 billion, a PE ratio of 18.24 and a beta of 1.13. The company’s 50-day moving average price is $18.19 and its 200 day moving average price is $18.17. KeyCorp has a 52 week low of $13.83 and a 52 week high of $19.53.
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A number of analysts recently issued reports on KEY shares. Morgan Stanley reissued an “overweight” rating and set a $22.00 target price (up previously from $21.00) on shares of KeyCorp in a research report on Friday, July 7th. UBS AG raised shares of KeyCorp from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.00 to $22.00 in a research report on Monday, July 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a research report on Saturday, July 22nd. Sanford C. Bernstein raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $21.00 to $22.00 in a research report on Thursday, September 14th. Finally, Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $20.31.
In other news, Director Ruth Ann M. Gillis acquired 3,000 shares of the stock in a transaction dated Thursday, August 3rd. The shares were acquired at an average cost of $18.00 per share, for a total transaction of $54,000.00. Following the completion of the transaction, the director now owns 10,551 shares in the company, valued at approximately $189,918. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Paul N. Harris sold 205,024 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $18.56, for a total value of $3,805,245.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 277,636 shares of company stock worth $5,149,949. 0.65% of the stock is currently owned by company insiders.
KeyCorp Company Profile
KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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