Headlines about KeyCorp (NYSE:KEY) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KeyCorp earned a news impact score of 0.25 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.8380814469588 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- $1.59 Billion in Sales Expected for KeyCorp (KEY) This Quarter (americanbankingnews.com)
- KeyCorp: The Best Value Super-Regional Bank – Seeking Alpha (seekingalpha.com)
- KeyCorp (KEY) & Cape Bancorp (CBNJ) Head to Head Survey (americanbankingnews.com)
- KeyCorp Sees Unusually Large Options Volume (KEY) (americanbankingnews.com)
- ValuEngine Upgrades KeyCorp (KEY) to Buy (americanbankingnews.com)
Several research firms have commented on KEY. Wells Fargo & Company assumed coverage on KeyCorp in a research note on Wednesday, August 9th. They set a “market perform” rating and a $19.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and set a $22.00 price target on shares of KeyCorp in a research note on Wednesday, September 27th. ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Citigroup raised their price target on KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 9th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.09.
Shares of KeyCorp (NYSE KEY) traded up $0.05 during trading on Wednesday, hitting $19.38. 10,170,261 shares of the stock were exchanged, compared to its average volume of 10,996,497. The firm has a market cap of $21,110.10, a price-to-earnings ratio of 14.87, a PEG ratio of 1.79 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. KeyCorp has a 1-year low of $16.28 and a 1-year high of $19.93.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business 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 firm earned $0.30 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. equities analysts expect that KeyCorp will post 1.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, November 28th will be given a $0.105 dividend. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.42 annualized dividend and a yield of 2.17%. KeyCorp’s dividend payout ratio is 36.84%.
In other KeyCorp news, insider Andrew J. Paine III sold 46,854 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares in the company, valued at approximately $2,042,565.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the purchase, the director now 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 90 days, insiders sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is owned by insiders.
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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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