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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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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