KeyCorp (NYSE:KEY) Short Interest Update

KeyCorp (NYSE:KEY) was the recipient of a significant decline in short interest in March. As of March 29th, there was short interest totalling 10,593,760 shares, a decline of 26.8% from the March 15th total of 14,462,968 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 10,333,399 shares, the days-to-cover ratio is presently 1.0 days.

Several analysts have issued reports on KEY shares. Zacks Investment Research downgraded KeyCorp from a “buy” rating to a “hold” rating and set a $23.00 price objective on the stock. in a report on Wednesday, January 3rd. Barclays boosted their price objective on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. DA Davidson boosted their price objective on KeyCorp to $26.00 and gave the stock a “buy” rating in a report on Friday, January 19th. Vining Sparks reaffirmed a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research note on Thursday, January 18th. Finally, Deutsche Bank raised KeyCorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.45.

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In other KeyCorp news, insider Christopher M. Gorman sold 56,038 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was 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 available at this hyperlink. Also, insider Robert A. Deangelis sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $21.11, for a total value of $527,750.00. Following the sale, the insider now owns 175,053 shares in the company, valued at approximately $3,695,368.83. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.



A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Mycio Wealth Partners LLC lifted its holdings in KeyCorp by 17.1% in the 4th quarter. Mycio Wealth Partners LLC now owns 17,116 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 2,500 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in KeyCorp by 2.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 104,487 shares of the financial services provider’s stock worth $2,108,000 after purchasing an additional 2,600 shares during the last quarter. MML Investors Services LLC lifted its holdings in KeyCorp by 17.3% in the 4th quarter. MML Investors Services LLC now owns 18,561 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 2,744 shares during the last quarter. Dividend Assets Capital LLC lifted its holdings in KeyCorp by 11.7% in the 4th quarter. Dividend Assets Capital LLC now owns 27,335 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 2,860 shares during the last quarter. Finally, Mcmillion Capital Management Inc. lifted its holdings in KeyCorp by 2.0% in the 4th quarter. Mcmillion Capital Management Inc. now owns 162,591 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 3,120 shares during the last quarter. Hedge funds and other institutional investors own 81.88% of the company’s stock.

Shares of NYSE KEY opened at $20.23 on Thursday. The company has a market capitalization of $21,287.99, a P/E ratio of 14.03, a PEG ratio of 1.25 and a beta of 1.04. KeyCorp has a 52 week low of $16.28 and a 52 week high of $22.40. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.89 and a quick ratio of 0.87.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 19th. The financial services provider reported $0.38 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. KeyCorp had a return on equity of 11.03% and a net margin of 19.32%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company earned $0.32 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. equities analysts forecast that KeyCorp will post 1.7 earnings per share for the current year.

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KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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