Headlines about KeyCorp (NYSE:KEY) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KeyCorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.1105603495488 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
KeyCorp stock traded up $0.10 during mid-day trading on Monday, hitting $19.19. The company had a trading volume of 6,965,220 shares, compared to its average volume of 10,240,311. The firm has a market capitalization of $20,248.52, a P/E ratio of 14.11, a P/E/G ratio of 1.21 and a beta of 1.04. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.40. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02.
KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same period in the prior year, the firm posted $0.31 earnings per share. research analysts expect that KeyCorp will post 1.67 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend was Monday, February 26th. KeyCorp’s payout ratio is currently 30.88%.
A number of analysts recently weighed in on the stock. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price on the stock in a research note on Thursday, December 14th. Vining Sparks restated a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research note on Thursday, January 18th. Keefe, Bruyette & Woods restated a “buy” rating and set a $23.00 target price on shares of KeyCorp in a research note on Thursday. Zacks Investment Research lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Oppenheimer restated a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. KeyCorp currently has a consensus rating of “Buy” and an average price target of $22.14.
In other news, insider Craig A. Buffie sold 11,819 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the sale, the insider now directly owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher M. Gorman sold 56,038 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The disclosure for this sale can be found here. Insiders sold 92,857 shares of company stock valued at $1,953,548 over the last three months. Corporate insiders own 0.67% of the company’s stock.
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KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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