Robert A. Deangelis Sells 25,000 Shares of KeyCorp (KEY) Stock

KeyCorp (NYSE:KEY) insider Robert A. Deangelis sold 25,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total transaction of $527,750.00. Following the completion of the transaction, the insider now owns 175,053 shares of the company’s stock, valued at approximately $3,695,368.83. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of KeyCorp (KEY) opened at $20.97 on Friday. The stock has a market cap of $22,418.69, a PE ratio of 15.31, a P/E/G ratio of 1.32 and a beta of 1.04. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.22.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter last year, the company posted $0.31 EPS. analysts expect that KeyCorp will post 1.67 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 dividend yield of 2.00%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

KEY has been the subject of a number of recent research reports. CIBC restated a “buy” rating on shares of KeyCorp in a research note on Friday, December 8th. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Tuesday, December 26th. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a research note on Thursday, December 14th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $21.50 price objective on shares of KeyCorp in a research note on Thursday, December 14th. Finally, Barclays increased their price objective on shares of KeyCorp from $19.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the company. KeyCorp presently has a consensus rating of “Buy” and a consensus price target of $22.07.

Several institutional investors have recently made changes to their positions in the stock. Zions Bancorporation increased its position in KeyCorp by 2,277.5% in the 3rd quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 5,466 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in KeyCorp in the 3rd quarter valued at about $132,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in KeyCorp in the 3rd quarter valued at about $145,000. AllSquare Wealth Management LLC acquired a new stake in KeyCorp in the 3rd quarter valued at about $173,000. Finally, We Are One Seven LLC acquired a new stake in KeyCorp in the 4th quarter valued at about $183,000. Institutional investors and hedge funds own 81.08% of the company’s stock.

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About KeyCorp

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.

Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

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