KeyCorp (KEY) Insider Christopher M. Gorman Sells 56,038 Shares

KeyCorp (NYSE:KEY) insider Christopher M. Gorman sold 56,038 shares of KeyCorp stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total transaction of $1,175,116.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

KeyCorp (KEY) opened at $21.02 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The company has a market cap of $22,600.00, a price-to-earnings ratio of 16.68, a P/E/G ratio of 1.33 and a beta of 1.04. KeyCorp has a 12 month low of $16.28 and a 12 month high of $22.22.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter in the previous year, the firm posted $0.31 earnings per share. analysts expect that KeyCorp will post 1.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.00%. KeyCorp’s payout ratio is currently 33.33%.

Several research firms recently weighed in on KEY. Zacks Investment Research downgraded shares of KeyCorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and lifted their target price for the company from $23.00 to $24.00 in a report on Thursday, January 25th. Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. DA Davidson lifted their target price on shares of KeyCorp to $26.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Sandler O’Neill reiterated a “hold” rating and issued a $21.50 target price on shares of KeyCorp in a report on Friday, January 19th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $22.07.

Hedge funds have recently modified their holdings of the stock. Zions Bancorporation grew its stake in shares of KeyCorp by 2,277.5% during the third quarter. Zions Bancorporation now owns 5,706 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 5,466 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new position in shares of KeyCorp during the third quarter worth $132,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of KeyCorp during the third quarter worth $145,000. We Are One Seven LLC acquired a new position in shares of KeyCorp during the fourth quarter worth $183,000. Finally, AllSquare Wealth Management LLC acquired a new position in shares of KeyCorp during the third quarter worth $173,000. Hedge funds and other institutional investors own 82.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at

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.

Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit