KeyCorp (NYSE:KEY) insider Christopher M. Gorman sold 56,038 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
KeyCorp (NYSE:KEY) traded up $0.07 during trading hours on Friday, hitting $21.02. 6,807,268 shares of the stock were exchanged, compared to its average volume of 10,920,000. KeyCorp has a 12 month low of $16.28 and a 12 month high of $22.22. The company has a market capitalization of $22,600.00, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm posted $0.31 earnings per share. research analysts expect that KeyCorp will post 1.67 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Boston Partners bought a new position in KeyCorp during the third quarter worth $356,111,000. Eaton Vance Management increased its position in KeyCorp by 77.6% during the fourth quarter. Eaton Vance Management now owns 11,100,824 shares of the financial services provider’s stock worth $223,904,000 after acquiring an additional 4,850,008 shares during the period. Two Sigma Investments LP increased its position in KeyCorp by 24,671.7% during the fourth quarter. Two Sigma Investments LP now owns 2,948,598 shares of the financial services provider’s stock worth $59,473,000 after acquiring an additional 2,960,598 shares during the period. APG Asset Management N.V. increased its position in KeyCorp by 45.9% during the fourth quarter. APG Asset Management N.V. now owns 7,944,416 shares of the financial services provider’s stock worth $133,443,000 after acquiring an additional 2,497,702 shares during the period. Finally, Renaissance Technologies LLC bought a new position in KeyCorp during the fourth quarter worth $49,676,000. 82.19% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reaffirmed a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. Deutsche Bank raised shares of KeyCorp from a “hold” rating to a “buy” rating and raised their price objective for the company from $23.00 to $24.00 in a research report on Thursday, January 25th. Sandler O’Neill reaffirmed a “hold” rating and set a $21.50 price objective on shares of KeyCorp in a research report on Friday, January 19th. Finally, ValuEngine lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $22.07.
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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