Media coverage about KeyCorp (NYSE:KEY) has trended somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KeyCorp earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.2232957527443 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- BRIEF-Keycorp declares increased quarterly common share dividend (reuters.com)
- KeyCorp – Value Analysis (NYSE:KEY) : November 16, 2017 (finance.yahoo.com)
- KeyCorp Declares Increased Quarterly Common Share Dividend of Ten and One Half Cents (finance.yahoo.com)
- KeyCorp Fourth Quarter 2017 Earnings Release Date And Conference Call (finance.yahoo.com)
- ETFs with exposure to KeyCorp : November 17, 2017 (finance.yahoo.com)
KEY has been the topic of a number of research reports. Zacks Investment Research raised KeyCorp from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Citigroup Inc. raised their price target on KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, October 9th. Robert W. Baird reissued a “hold” rating and set a $18.00 price target on shares of KeyCorp in a report on Friday, October 6th. BidaskClub lowered KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, BMO Capital Markets reissued a “buy” rating and set a $22.00 price target on shares of KeyCorp in a report on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $20.82.
KeyCorp (KEY) traded up $0.18 during mid-day trading on Friday, hitting $18.31. 9,549,746 shares of the stock were exchanged, compared to its average volume of 10,558,248. KeyCorp has a 52 week low of $16.28 and a 52 week high of $19.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 0.90. The firm has a market cap of $19,690.57, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.67 and a beta of 1.10.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. equities research analysts expect that KeyCorp will post 1.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 27th. KeyCorp’s dividend payout ratio (DPR) is presently 33.33%.
In related news, Director Carlton L. Highsmith sold 7,600 shares of KeyCorp stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the transaction, the director now directly owns 68,725 shares in the company, valued at approximately $1,263,852.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,212 shares of company stock valued at $1,060,508. Insiders own 0.65% of the company’s stock.
KeyCorp Company Profile
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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