Press coverage about KeyCorp (NYSE:KEY) has trended somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. KeyCorp earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.6226570547062 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Analysts Expect KeyCorp (KEY) Will Announce Quarterly Sales of $1.56 Billion (americanbankingnews.com)
- Senate Backs Bill Relaxing Post-Crisis Rules for Smaller Banks (finance.yahoo.com)
- KeyCorp (KEY) Expected to Announce Earnings of $0.39 Per Share (americanbankingnews.com)
- KeyBank Business Boost & Build Program, Powered By JumpStart, Awards $100K to Cincinnati Chamber Minority Business Accelerator (prnewswire.com)
- Banking Roundup: Goldman Sachs CEO, COO to step down… Bank of America CEO gets big pay increase (finance.yahoo.com)
KeyCorp (NYSE:KEY) traded up $0.05 on Friday, hitting $20.96. 14,742,121 shares of the stock traded hands, compared to its average volume of 10,435,283. KeyCorp has a 12-month low of $16.28 and a 12-month high of $22.40. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $22,189.57, a P/E ratio of 18.71, a P/E/G ratio of 1.32 and a beta of 1.01.
KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. research analysts expect that KeyCorp will post 1.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.105 per share. The ex-dividend date was Monday, February 26th. This represents a $0.42 annualized dividend and a dividend yield of 2.00%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.
A number of equities analysts have commented on KEY shares. Morgan Stanley reiterated an “overweight” rating and issued a $23.00 target price on shares of KeyCorp in a report on Thursday, December 14th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and boosted their target price for the stock from $23.00 to $24.00 in a report on Thursday, January 25th. Finally, Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. KeyCorp currently has a consensus rating of “Buy” and a consensus target price of $22.07.
In other news, insider Christopher M. Gorman sold 56,038 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig A. Buffie sold 11,819 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were 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 owns 51,791 shares in the company, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,857 shares of company stock worth $1,953,548. Corporate insiders own 0.65% of the company’s stock.
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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