News stories about KeyCorp (NYSE:KEY) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. KeyCorp earned a news impact score of 0.14 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6560246072508 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Why Day Traders Usually Trade on In Play Stocks?: KeyCorp (NYSE: KEY) – Alpha Beta Stock (alphabetastock.com)
- KeyCorp (KEY) receives consensus rating of 2.00 – Nasdaq Fortune (press release) (nasdaqfortune.com)
- April 27th Options Now Available For KeyCorp (KEY) – Nasdaq (nasdaq.com)
- Cleveland and Ohio are already benefiting from the tax cuts: Mike Pence (Opinion) (cleveland.com)
- The MnM Portfolio, Jan 2018: The Year Kicks Off With A Boatload Of Dividend Raises (seekingalpha.com)
Several equities research analysts have issued reports on KEY shares. Morgan Stanley restated an “overweight” rating and set a $23.00 price objective on shares of KeyCorp in a report on Thursday, December 14th. ValuEngine upgraded KeyCorp from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded KeyCorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Deutsche Bank upgraded KeyCorp from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $24.00 in a report on Thursday, January 25th. Finally, Oppenheimer restated a “hold” rating on shares of KeyCorp in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $22.07.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same quarter last year, the firm earned $0.31 EPS. sell-side analysts forecast 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. Stockholders of record on Tuesday, February 27th will be given a $0.105 dividend. The ex-dividend date is Monday, February 26th. This represents a $0.42 annualized dividend and a dividend yield of 1.93%. KeyCorp’s payout ratio is 33.33%.
In other news, insider Christopher M. Gorman sold 56,038 shares of KeyCorp stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $20.97, for a total value of $1,175,116.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of KeyCorp stock in a transaction that occurred 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 completion of the transaction, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,857 shares of company stock valued at $1,953,548. 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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