Insider Buying: KeyCorp (NYSE:KEY) Director Purchases $25,900.00 in Stock

KeyCorp (NYSE:KEY – Get Rating) Director Ruth Ann M. Gillis bought 2,000 shares of the business’s stock in a transaction dated Tuesday, March 14th. The shares were bought at an average cost of $12.95 per share, for a total transaction of $25,900.00. Following the completion of the transaction, the director now directly owns 42,961 shares of the company’s stock, valued at $556,344.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

KeyCorp Stock Performance

KEY opened at $11.53 on Friday. KeyCorp has a 52-week low of $9.60 and a 52-week high of $24.62. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $10.74 billion, a PE ratio of 6.01, a price-to-earnings-growth ratio of 1.03 and a beta of 1.31. The stock has a 50-day moving average of $17.81 and a 200-day moving average of $17.64.

KeyCorp (NYSE:KEY – Get Rating) last posted its quarterly earnings data on Thursday, January 19th. The financial services provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.17). KeyCorp had a return on equity of 15.27% and a net margin of 22.46%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities research analysts forecast that KeyCorp will post 1.99 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Monday, February 27th. This represents a $0.82 annualized dividend and a dividend yield of 7.11%. KeyCorp’s dividend payout ratio is presently 42.71%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on KEY shares. Keefe, Bruyette & Woods lowered their price target on KeyCorp from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, March 8th. Morgan Stanley lowered their price target on KeyCorp from $22.00 to $21.00 and set an “equal weight” rating on the stock in a report on Monday, January 23rd. Piper Sandler upgraded KeyCorp from an “underweight” rating to a “neutral” rating and lowered their target price for the company from $18.50 to $16.50 in a research note on Friday, March 10th. Barclays upgraded KeyCorp from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $21.00 to $24.00 in a research note on Tuesday, January 3rd. Finally, Robert W. Baird upgraded KeyCorp from a “neutral” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Friday, March 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.87.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently made changes to their positions in KEY. Guardian Wealth Advisors LLC acquired a new position in shares of KeyCorp during the 3rd quarter worth about $25,000. Brown Brothers Harriman & Co. raised its holdings in KeyCorp by 93.0% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,631 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 786 shares in the last quarter. Heritage Wealth Management LLC raised its holdings in KeyCorp by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 1,580 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 790 shares in the last quarter. CNB Bank raised its holdings in KeyCorp by 3,380.8% in the 2nd quarter. CNB Bank now owns 1,810 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 1,758 shares in the last quarter. Finally, RE Dickinson Investment Advisors LLC acquired a new position in KeyCorp in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 82.11% of the company’s stock.

KeyCorp Company Profile

(Get Rating)

KeyCorp is a bank holding company, which engages in the provision of financial services. It provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.