News articles about KeyCorp (NYSE:KEY) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KeyCorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.5639585881758 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- KeyCorp (KEY) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- KeyCorp Is Well Positioned For 2018 And Beyond (seekingalpha.com)
- 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)
KEY has been the subject of a number of recent analyst reports. ValuEngine downgraded KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 22nd. CIBC reiterated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target for the company in a report on Thursday, December 14th. Morgan Stanley reiterated an “overweight” rating and set a $23.00 price target on shares of KeyCorp in a report on Thursday, December 14th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.50 price target on shares of KeyCorp in a report on Thursday, December 14th. 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.07.
Shares of KeyCorp (NYSE:KEY) traded up $0.01 on Tuesday, hitting $20.93. The stock had a trading volume of 5,475,619 shares, compared to its average volume of 10,297,115. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market cap of $22,232.00, a P/E ratio of 18.69, a PEG ratio of 1.32 and a beta of 1.01. KeyCorp has a 12 month low of $16.28 and a 12 month high of $22.40.
KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share 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 business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the firm earned $0.31 EPS. equities research analysts predict that KeyCorp will post 1.67 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were given a $0.105 dividend. The ex-dividend date was Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 2.01%. KeyCorp’s payout ratio is 37.50%.
In related news, insider Craig A. Buffie sold 11,819 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $21.21, for a total value of $250,680.99. Following the transaction, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert A. Deangelis sold 25,000 shares of the firm’s stock in a transaction dated 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 directly owns 175,053 shares in the company, valued at approximately $3,695,368.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,857 shares of company stock worth $1,953,548. 0.65% of the stock is owned by insiders.
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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