Press coverage about KeyCorp (NYSE:KEY) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KeyCorp earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 48.0799740895797 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 price objective on shares of KeyCorp in a research note on Thursday, October 19th. Citigroup raised their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Robert W. Baird reiterated a “hold” rating and issued a $18.00 target price on shares of KeyCorp in a report on Friday, October 6th. Sanford C. Bernstein upgraded shares of KeyCorp from a “market perform” rating to an “outperform” rating and increased their target price for the company from $21.00 to $22.00 in a report on Thursday, September 14th. Finally, Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.09.
Shares of KeyCorp (KEY) traded up $0.15 during mid-day trading on Friday, hitting $19.89. 10,312,555 shares of the stock traded hands, compared to its average volume of 11,010,615. The stock has a market capitalization of $21,228.39, a P/E ratio of 14.95, a P/E/G ratio of 1.80 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. KeyCorp has a 52 week low of $16.28 and a 52 week high of $19.93.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. equities research analysts predict that KeyCorp will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, November 27th. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. KeyCorp’s dividend payout ratio (DPR) is 36.84%.
In related news, Director Elizabeth R. Gile acquired 1,374 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the acquisition, the director now owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the sale, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold 57,212 shares of company stock valued at $1,060,508 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.
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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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