News stories about KeyCorp (NYSE:KEY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KeyCorp earned a news impact score of 0.13 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 49.0037061978499 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
Shares of KeyCorp (NYSE KEY) traded up $0.23 during midday trading on Friday, reaching $21.42. The company’s stock had a trading volume of 10,080,000 shares, compared to its average volume of 9,280,000. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. The company has a market cap of $23,040.00, a price-to-earnings ratio of 18.63, a PEG ratio of 1.64 and a beta of 1.09. KeyCorp has a 1-year low of $16.28 and a 1-year high of $21.47.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.35. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. KeyCorp’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. equities research analysts anticipate that KeyCorp will post 1.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.96%. KeyCorp’s dividend payout ratio (DPR) is presently 36.52%.
A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a report on Thursday, October 19th. CIBC restated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Barclays boosted their price objective on KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, January 2nd. Citigroup boosted their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 9th. Finally, Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a report on Thursday, December 14th. Two investment 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 has a consensus rating of “Buy” and a consensus price target of $21.56.
In other news, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the transaction, the director now owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Over the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. Corporate 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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