Headlines about KeyCorp (NYSE:KEY) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KeyCorp earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 48.0737117043295 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
Shares of KeyCorp (KEY) traded down $0.06 during midday trading on Wednesday, hitting $21.26. The stock had a trading volume of 11,605,691 shares, compared to its average volume of 8,960,000. KeyCorp has a 52 week low of $16.28 and a 52 week high of $21.71. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The stock has a market capitalization of $22,860.00, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 1.64 and a beta of 1.09.
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, hitting the Thomson Reuters’ consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. sell-side analysts expect that KeyCorp will post 1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is 36.52%.
KEY has been the topic of a number of analyst reports. CIBC restated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Zacks Investment Research cut KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Stephens raised 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. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. Finally, ValuEngine raised KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.56.
In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Elizabeth R. Gile purchased 1,374 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the transaction, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The disclosure for this purchase can be found here. In the last quarter, 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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