Media stories about KeyCorp (NYSE:KEY) have trended somewhat positive on Saturday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. KeyCorp earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 48.1250857672651 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s scoring:
- KeyCorp Weighs in on Entegris, Inc.a s Q3 2017 Earnings (topix.com)
- Public Storage to Post FY2017 Earnings of $9.95 Per Share, KeyCorp Forecasts (overnewsmagazine.com)
- Universal Health Services (UHS) Earning Somewhat Positive Press Coverage, Report Finds (ismboard.com)
- Zacks: Brokerages Anticipate KeyCorp (NYSE:KEY) to Announce $0.35 Earnings Per Share (americanbankingnews.com)
- KeyCorp Weighs in on Tutor Perini Corporation’s FY2018 Earnings (NYSE:TPC) (overnewsmagazine.com)
A number of brokerages have recently commented on KEY. Wells Fargo & Company began coverage on KeyCorp in a report on Wednesday. They set a “market perform” rating and a $19.00 price objective on the stock. BidaskClub lowered KeyCorp from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Royal Bank Of Canada reissued a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a report on Friday, July 28th. BMO Capital Markets reaffirmed a “buy” rating and issued a $22.00 target price on shares of KeyCorp in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of KeyCorp in a report on Saturday, July 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.74.
Shares of KeyCorp (KEY) opened at 17.52 on Friday. The company has a market cap of $19.05 billion, a P/E ratio of 17.40 and a beta of 1.11. The stock’s 50 day moving average price is $18.51 and its 200-day moving average price is $18.27. KeyCorp has a 52-week low of $11.89 and a 52-week high of $19.53.
KeyCorp (NYSE:KEY) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.53 billion. KeyCorp had a net margin of 16.62% and a return on equity of 9.88%. The company’s revenue was up 52.1% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Equities analysts expect that KeyCorp will post $1.36 EPS for the current year.
KeyCorp announced that its Board of Directors has initiated a share repurchase plan on Wednesday, June 28th that authorizes the company to repurchase $800.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.38 dividend on an annualized basis and a yield of 2.17%. KeyCorp’s dividend payout ratio is currently 38.78%.
In other KeyCorp news, insider Amy G. Brady sold 18,000 shares of KeyCorp stock in a transaction on Monday, August 7th. The shares were sold at an average price of $18.42, for a total value of $331,560.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander M. Cutler purchased 5,000 shares of KeyCorp stock in a transaction on Tuesday, July 25th. The stock was bought at an average price of $18.55 per share, for a total transaction of $92,750.00. Following the completion of the acquisition, the director now owns 55,000 shares in the company, valued at approximately $1,020,250. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 14,000 shares of company stock worth $254,720 and sold 259,409 shares worth $4,794,449. Insiders own 0.65% of the company’s stock.
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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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