KeyCorp (KEY) Director Sells $139,764.00 in Stock
KeyCorp (NYSE:KEY) Director Carlton L. Highsmith sold 7,600 shares of the 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 sale, the director now directly owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of KeyCorp (KEY) opened at $17.93 on Thursday. The stock has a market capitalization of $19,464.74, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.64 and a beta of 1.10. KeyCorp has a 52-week low of $14.16 and a 52-week high of $19.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89.
KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. KeyCorp’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.30 earnings per share. analysts anticipate that KeyCorp will post 1.38 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Cypress Capital Management LLC WY lifted its position in KeyCorp by 177.9% in the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock worth $132,000 after buying an additional 4,500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in KeyCorp in the third quarter worth $145,000. Sun Life Financial INC lifted its position in shares of KeyCorp by 80,370.0% during the second quarter. Sun Life Financial INC now owns 8,047 shares of the financial services provider’s stock worth $151,000 after purchasing an additional 8,037 shares during the last quarter. AllSquare Wealth Management LLC bought a new stake in shares of KeyCorp during the third quarter worth $173,000. Finally, Quantbot Technologies LP bought a new stake in shares of KeyCorp during the second quarter worth $174,000. Institutional investors own 81.25% of the company’s stock.
KEY has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $22.00 price objective on shares of KeyCorp in a report on Wednesday, September 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $22.00 price objective on shares of KeyCorp in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of KeyCorp in a report on Friday, October 20th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a report on Friday, July 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the stock. KeyCorp presently has an average rating of “Hold” and a consensus price target of $20.53.
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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