KeyCorp (NYSE:KEY) insider Jamie Warder sold 3,112 shares of the firm’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $19.97, for a total transaction of $62,146.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
KEY opened at $20.60 on Wednesday. The company’s 50 day moving average is $20.00 and its 200-day moving average is $20.86. KeyCorp has a 1-year low of $11.33 and a 1-year high of $23.65. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.82. The company has a market cap of $19.70 billion, a P/E ratio of 8.88, a PEG ratio of 0.38 and a beta of 1.54.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Monday, July 19th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.19. KeyCorp had a net margin of 30.87% and a return on equity of 14.21%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.73 billion. During the same period last year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that KeyCorp will post 2.43 EPS for the current year.
A number of analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of KeyCorp from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Thursday, June 24th. Morgan Stanley lowered their price target on shares of KeyCorp from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Monday, August 2nd. Odeon Capital Group lowered shares of KeyCorp from a “buy” rating to a “hold” rating and set a $17.73 price target on the stock. in a research report on Monday, July 19th. Citigroup began coverage on shares of KeyCorp in a research report on Friday, July 16th. They set a “hold” rating and a $20.16 price target on the stock. Finally, Royal Bank of Canada raised their price target on shares of KeyCorp from $33.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, KeyCorp presently has an average rating of “Buy” and a consensus target price of $25.65.
Large investors have recently bought and sold shares of the stock. Clearview Wealth Advisors LLC acquired a new stake in KeyCorp during the 1st quarter worth approximately $29,000. South State Corp acquired a new stake in KeyCorp during the 2nd quarter worth approximately $29,000. E Fund Management Co. Ltd. acquired a new stake in KeyCorp during the 1st quarter worth approximately $34,000. Evermay Wealth Management LLC acquired a new stake in KeyCorp during the 2nd quarter worth approximately $37,000. Finally, Simon Quick Advisors LLC acquired a new stake in KeyCorp during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 80.49% of the company’s stock.
KeyCorp Company Profile
KeyCorp operates as bank holding company, which engages in the provision of financial services. it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
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