Somewhat Favorable Media Coverage Somewhat Unlikely to Impact KeyCorp (KEY) Stock Price
Media headlines about KeyCorp (NYSE:KEY) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KeyCorp earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 48.1273259051463 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- KeyBank’s Financial Wellness Prescription: Making the Most of Tax Reform Impact on Take-Home Pay (finance.yahoo.com)
- KeyCorp Names Clark Khayat Executive Vice President and Chief Strategy Officer – PR Newswire (press release) (prnewswire.com)
- KeyCorp’s Preferred Stock, Series E Yield Pushes Past 5.5% – Nasdaq (nasdaq.com)
- KeyCorp To Present At The RBC Capital Markets Financial Institutions Conference – PR Newswire (press release) (prnewswire.com)
Shares of KeyCorp (NYSE KEY) opened at $21.13 on Thursday. The firm has a market capitalization of $22,720.00, a price-to-earnings ratio of 18.87, a P/E/G ratio of 1.54 and a beta of 1.04. KeyCorp has a 52-week low of $16.28 and a 52-week high of $22.22. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.105 per share. The ex-dividend date is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.99%. KeyCorp’s dividend payout ratio is currently 37.50%.
Several brokerages have recently issued reports on KEY. Deutsche Bank upgraded KeyCorp from a “hold” rating to a “buy” rating and lifted their price target for the company from $23.00 to $24.00 in a research note on Thursday, January 25th. Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research note on Monday, January 22nd. Vining Sparks reiterated a “buy” rating and issued a $25.00 price target on shares of KeyCorp in a research note on Thursday, January 18th. Sandler O’Neill reiterated a “hold” rating and issued a $21.50 price target on shares of KeyCorp in a research note on Friday, January 19th. Finally, DA Davidson lifted their price target on KeyCorp to $26.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have issued a buy rating to the stock. KeyCorp presently has an average rating of “Buy” and a consensus price target of $22.07.
In other news, Director Elizabeth R. Gile acquired 1,374 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the transaction, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total value of $250,680.99. Following the sale, the insider now owns 51,791 shares in the company, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.
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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