KeyCorp (KEY) Given Daily Coverage Optimism Score of 0.09

Media headlines about KeyCorp (NYSE:KEY) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KeyCorp earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 48.0737117043295 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

Shares of KeyCorp (NYSE KEY) traded up $0.27 during mid-day trading on Wednesday, hitting $21.01. The stock had a trading volume of 8,614,200 shares, compared to its average volume of 9,920,000. The company has a market cap of $22,590.00, a price-to-earnings ratio of 18.27, a P/E/G ratio of 1.65 and a beta of 1.09. KeyCorp has a 12-month low of $16.28 and a 12-month high of $21.28. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS. research analysts forecast that KeyCorp will post 1.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were given a $0.105 dividend. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, November 27th. KeyCorp’s dividend payout ratio (DPR) is currently 36.52%.

A number of equities analysts recently weighed in on KEY shares. CIBC reissued a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price target on the stock in a research report on Thursday, December 14th. Keefe, Bruyette & Woods restated a “buy” rating and set a $21.50 price target on shares of KeyCorp in a research report on Thursday, December 14th. Finally, Sanford C. Bernstein upgraded KeyCorp from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $21.00 to $22.00 in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $21.56.

In other news, Director Elizabeth R. Gile bought 1,374 shares of the stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the purchase, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the transaction, the insider now owns 110,052 shares of the company’s stock, valued at approximately $2,042,565.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,212 shares of company stock worth $1,060,508. Corporate insiders own 0.65% of the company’s stock.

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About KeyCorp

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.

Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

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