Media stories about KeyCorp (NYSE:KEY) have been trending somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KeyCorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage 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 stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- KeyCorp (KEY) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- KeyCorp Is Well Positioned For 2018 And Beyond (seekingalpha.com)
- Analysts Expect KeyCorp (KEY) Will Announce Quarterly Sales of $1.56 Billion (americanbankingnews.com)
- Senate Backs Bill Relaxing Post-Crisis Rules for Smaller Banks (finance.yahoo.com)
- KeyCorp (KEY) Expected to Announce Earnings of $0.39 Per Share (americanbankingnews.com)
A number of equities analysts have recently commented on KEY shares. Barclays lifted their target price on KeyCorp from $19.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. CIBC reiterated a “buy” rating on shares of KeyCorp in a report on Friday, December 8th. Stephens upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 price objective for the company in a report on Thursday, December 14th. DA Davidson boosted their price objective on KeyCorp to $26.00 and gave the company a “buy” rating in a report on Friday, January 19th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.50 price objective on shares of KeyCorp in a report on Thursday, December 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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 analysts’ consensus estimates of $0.36. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same quarter in the prior year, the business earned $0.31 earnings per share. analysts expect that KeyCorp will post 1.67 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.105 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 2.01%. KeyCorp’s payout ratio is 37.50%.
In related news, insider Christopher M. Gorman sold 56,038 shares of the 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert A. Deangelis sold 25,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $21.11, for a total value of $527,750.00. Following the completion of the sale, the insider now directly owns 175,053 shares of the company’s stock, valued at approximately $3,695,368.83. The disclosure for this sale can be found here. Insiders sold a total of 92,857 shares of company stock valued at $1,953,548 in the last ninety days. 0.65% of the stock is currently owned by insiders.
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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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