Media stories about KeyCorp (NYSE:KEY) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KeyCorp earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 48.0737117043295 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Tuesday, December 26th. Barclays increased their price target on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. CIBC reiterated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a research note on Thursday, December 14th. Finally, Morgan Stanley reissued an “overweight” rating and set a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $21.56.
Shares of KeyCorp (KEY) traded up $0.27 on Wednesday, reaching $21.01. The company had a trading volume of 8,614,200 shares, compared to its average volume of 9,920,000. The stock has a market cap of $22,590.00, a PE ratio of 18.27, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. KeyCorp has a twelve month low of $16.28 and a twelve month high of $21.28.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the firm posted $0.30 EPS. The company’s revenue was up 13.7% compared to the same quarter last year. research analysts predict that KeyCorp will post 1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th were issued a $0.105 dividend. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. KeyCorp’s dividend payout ratio (DPR) is presently 36.52%.
In other KeyCorp news, Director Elizabeth R. Gile purchased 1,374 shares of the stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average price of $18.23 per share, with a total value of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Paul N. Harris sold 2,758 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,212 shares of company stock worth $1,060,508. Insiders own 0.65% of the company’s stock.
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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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