News articles about KeyCorp (NYSE:KEY) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty 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 coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 49.0819081431188 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- KeyCorp’s (KEY) “Buy” Rating Reaffirmed at Vining Sparks (americanbankingnews.com)
- EARNINGS SUMMARY: Details of KeyCorp Q4 Earnings Report (markets.businessinsider.com)
- Hot banking stock to watch: KeyCorp(NYSE: KEY) (fxdailyreport.com)
- Mooney: KeyCorp has ‘fully integrated’ First Niagara franchise (bizjournals.com)
- KeyCorp Q4 Profit Down, Adj. EPS Meets Market View; Revenue Beats – Quick Facts (nasdaq.com)
A number of analysts have commented on KEY shares. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. CIBC reiterated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, December 26th. Finally, Vining Sparks reiterated a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $21.74.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. During the same period in the previous year, the business earned $0.31 earnings per share. analysts forecast that KeyCorp will post 1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.02%. KeyCorp’s dividend payout ratio (DPR) is 36.52%.
In related news, Director Elizabeth R. Gile purchased 1,374 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the acquisition, the director now directly owns 24,989 shares in the company, valued at approximately $455,549.47. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was 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 directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 57,212 shares of company stock valued at $1,060,508. Insiders own 0.65% of the company’s stock.
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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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