KeyCorp (KEY) Given Media Sentiment Score of 0.30
Headlines about KeyCorp (NYSE:KEY) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded 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 0.30 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 44.1548896711152 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- FIR Podcast #104: Two Versions of Three H’s (holtz.com)
- Key Equipment Finance Provides $2.4 Million Tax Lease to Boviet Renewable Power for 1.75 (DC) Megawatt Solar Project in Georgia Installed by Joule Energy (finance.yahoo.com)
- Why You Should Sell Keycorp Now (seekingalpha.com)
- ETFs with exposure to KeyCorp : September 9, 2017 (finance.yahoo.com)
- The Mellanox Technologies, Ltd. (MLNX) Earns Hold Rating from KeyCorp (wisdomsave.com)
Shares of KeyCorp (NYSE KEY) traded up 2.47% on Monday, reaching $17.03. 8,059,083 shares of the company’s stock traded hands. The firm has a market capitalization of $18.52 billion, a P/E ratio of 16.91 and a beta of 1.12. The company’s 50-day moving average is $17.70 and its 200-day moving average is $18.12. KeyCorp has a 52 week low of $11.89 and a 52 week high of $19.53.
KeyCorp (NYSE:KEY) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.34 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.53 billion. KeyCorp had a net margin of 16.62% and a return on equity of 9.88%. The business’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Equities research analysts anticipate that KeyCorp will post $1.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Friday, August 25th. KeyCorp’s payout ratio is currently 38.78%.
KeyCorp announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire up to 4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
KEY has been the topic of a number of research reports. Morgan Stanley reissued an “overweight” rating and issued a $22.00 target price (up previously from $21.00) on shares of KeyCorp in a research note on Friday, July 7th. UBS AG raised shares of KeyCorp from a “neutral” rating to a “buy” rating and raised their target price for the company from $19.00 to $22.00 in a research note on Monday, July 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a research note on Saturday, July 22nd. Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research note on Friday, July 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $19.98.
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In other KeyCorp news, Director Bruce D. Broussard purchased 2,500 shares of the stock in a transaction on Wednesday, July 26th. The shares were purchased at an average price of $18.17 per share, with a total value of $45,425.00. Following the acquisition, the director now directly owns 12,500 shares of the company’s stock, valued at approximately $227,125. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alexander M. Cutler purchased 5,000 shares of the stock in a transaction on Tuesday, July 25th. The stock was acquired at an average cost of $18.55 per share, for a total transaction of $92,750.00. Following the acquisition, the director now directly owns 55,000 shares in the company, valued at $1,020,250. The disclosure for this purchase can be found here. In the last three months, insiders acquired 16,000 shares of company stock worth $290,540 and sold 259,409 shares worth $4,794,449. 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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