Press coverage about KeyCorp (NYSE:KEY) has trended somewhat positive this week, according to InfoTrie. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. KeyCorp earned a news impact score of 1.83 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 2 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted KeyCorp’s analysis:
Shares of KeyCorp stock opened at $14.61 on Friday. KeyCorp has a 52-week low of $13.65 and a 52-week 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 1.01. The company has a market capitalization of $15.22 billion, a P/E ratio of 10.74, a PEG ratio of 0.54 and a beta of 1.01.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 18th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. KeyCorp had a net margin of 21.47% and a return on equity of 12.56%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that KeyCorp will post 1.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Tuesday, November 27th were paid a $0.17 dividend. The ex-dividend date was Monday, November 26th. This represents a $0.68 dividend on an annualized basis and a yield of 4.65%. KeyCorp’s dividend payout ratio is currently 50.00%.
Several research analysts have recently commented on KEY shares. Citigroup raised their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, December 3rd. Zacks Investment Research raised shares of KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Scotiabank reissued a “hold” rating on shares of KeyCorp in a research note on Friday, November 9th. UBS Group set a $23.00 price objective on shares of KeyCorp and gave the company a “buy” rating in a research note on Monday, October 22nd. Finally, Nomura reissued a “neutral” rating and issued a $18.00 price objective (down previously from $20.00) on shares of KeyCorp in a research note on Tuesday, November 13th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. KeyCorp currently has an average rating of “Hold” and an average price target of $22.58.
In related news, Chairman Beth E. Mooney acquired 10,000 shares of KeyCorp stock in a transaction dated Thursday, November 1st. The stock was acquired at an average price of $18.26 per share, for a total transaction of $182,600.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carlton L. Highsmith sold 6,963 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $18.37, for a total transaction of $127,910.31. Following the sale, the director now owns 68,088 shares of the company’s stock, valued at approximately $1,250,776.56. The disclosure for this sale can be found here. 0.67% of the stock is owned by insiders.
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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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