Key Points
- KeyCorp insider Angela Mago sold 22,826 shares on May 8 at an average price of $21.66, generating about $494,411. After the sale, she still held 281,564 shares, a 7.5% reduction in her position.
- KeyCorp recently beat earnings expectations, reporting $0.44 EPS versus the $0.41 consensus and revenue of $1.95 billion, up 10.2% year over year. Analysts now expect the bank to earn $1.82 per share for the full year.
- Wall Street remains cautiously positive on KEY, with 12 Buy ratings, 7 Hold ratings, and 1 Sell rating. The stock’s consensus price target is $23.18, above its recent trading price near $21.28.
KeyCorp (NYSE:KEY - Get Free Report) insider Angela Mago sold 22,826 shares of the business's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.66, for a total value of $494,411.16. Following the transaction, the insider owned 281,564 shares of the company's stock, valued at approximately $6,098,676.24. The trade was a 7.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
KeyCorp Price Performance
KEY opened at $21.28 on Wednesday. The business has a fifty day moving average of $20.73 and a 200 day moving average of $20.35. KeyCorp has a 52-week low of $15.28 and a 52-week high of $23.34. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. The stock has a market cap of $23.07 billion, a P/E ratio of 13.05, a PEG ratio of 0.68 and a beta of 1.06.
KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.03. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The company had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.93 billion. During the same quarter in the previous year, the business earned $0.38 EPS. KeyCorp's revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that KeyCorp will post 1.82 EPS for the current year.
Institutional Investors Weigh In On KeyCorp
Several hedge funds have recently made changes to their positions in KEY. United Community Bank purchased a new stake in shares of KeyCorp in the 3rd quarter worth $27,000. Maseco LLP purchased a new stake in shares of KeyCorp in the 4th quarter worth $27,000. DV Equities LLC purchased a new stake in shares of KeyCorp in the 4th quarter worth $27,000. GoalVest Advisory LLC purchased a new stake in shares of KeyCorp in the 4th quarter worth $30,000. Finally, Smithfield Trust Co purchased a new stake in shares of KeyCorp in the 4th quarter worth $31,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on KEY shares. Robert W. Baird boosted their price objective on KeyCorp from $19.00 to $22.00 and gave the company a "neutral" rating in a report on Friday, April 17th. DA Davidson boosted their price objective on KeyCorp from $26.00 to $27.00 and gave the company a "buy" rating in a report on Monday, May 4th. Piper Sandler boosted their price objective on KeyCorp from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, April 17th. Evercore restated an "outperform" rating on shares of KeyCorp in a report on Tuesday, April 21st. Finally, Argus boosted their price objective on KeyCorp from $21.00 to $25.00 and gave the company a "buy" rating in a report on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.18.
View Our Latest Stock Analysis on KEY
KeyCorp Company Profile
(
Get Free Report)
KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank's offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.
The company's product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.
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