KeyCorp (NYSE:KEY) insider Amy G. Brady sold 18,000 shares of KeyCorp stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $18.42, for a total value of $331,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

KeyCorp (NYSE:KEY) opened at 18.35 on Wednesday. The company has a 50 day moving average price of $18.58 and a 200-day moving average price of $18.26. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 18.22 and a beta of 1.11. KeyCorp has a 1-year low of $11.89 and a 1-year high of $19.53.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. KeyCorp had a return on equity of 9.88% and a net margin of 16.62%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $0.27 EPS. KeyCorp’s revenue for the quarter was up 52.1% compared to the same quarter last year. On average, analysts forecast that KeyCorp will post $1.36 EPS for the current fiscal year.

KeyCorp declared that its board has initiated a stock repurchase program on Wednesday, June 28th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to purchase up to 4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $0.38 annualized dividend and a yield of 2.07%. KeyCorp’s payout ratio is 38.78%.

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A number of research analysts have issued reports on the company. BidaskClub cut KeyCorp from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research report on Friday, July 28th. BMO Capital Markets reiterated a “buy” rating and issued a $22.00 target price on shares of KeyCorp in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of KeyCorp in a research report on Saturday, July 22nd. Finally, Piper Jaffray Companies reiterated a “buy” rating and issued a $20.50 target price on shares of KeyCorp in a research report on Friday, July 21st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have given a buy rating to the stock. KeyCorp currently has an average rating of “Hold” and an average target price of $19.78.

Institutional investors have recently bought and sold shares of the company. Focused Wealth Management Inc raised its position in KeyCorp by 613.0% in the first quarter. Focused Wealth Management Inc now owns 5,961 shares of the financial services provider’s stock valued at $106,000 after buying an additional 5,125 shares during the last quarter. Thompson Davis & CO. Inc. raised its stake in shares of KeyCorp by 20.2% in the first quarter. Thompson Davis & CO. Inc. now owns 6,699 shares of the financial services provider’s stock worth $119,000 after buying an additional 1,125 shares in the last quarter. Cypress Capital Management LLC WY raised its stake in shares of KeyCorp by 177.9% in the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock worth $132,000 after buying an additional 4,500 shares in the last quarter. CI Investments Inc. acquired a new stake in shares of KeyCorp during the first quarter worth $160,000. Finally, Equity Investment Corp Acquisition Inc acquired a new stake in shares of KeyCorp during the first quarter worth $179,000. Institutional investors and hedge funds own 81.27% of the company’s stock.

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)

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