KeyCorp (KEY) Getting Somewhat Favorable Media Coverage, Report Finds
Media coverage about KeyCorp (NYSE:KEY) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KeyCorp earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 47.0560416917783 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
- KeyCorp and Regal Entertainment climb while Autodesk and Facebook fall (customwire.ap.org)
- KeyCorp : KeyBank Forms Strategic Partnership With Snapsheet To Provide Powerful Insurance Claims Payment Solutions (4-traders.com)
- KeyCorp and Regal rise while Autodesk and Facebook tumble – ABC News (abcnews.go.com)
- KeyCorp : KEY-US: Dividend Analysis : November 28th, 2017 (record date) : By the numbers : November 29, 2017 (finance.yahoo.com)
KEY has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a report on Thursday, October 19th. ValuEngine lowered KeyCorp from a “buy” rating to a “hold” rating in a research note on Wednesday, November 22nd. Zacks Investment Research upgraded KeyCorp from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Oppenheimer restated a “hold” rating on shares of KeyCorp in a research note on Friday, October 20th. Finally, Robert W. Baird restated a “hold” rating and set a $18.00 price target on shares of KeyCorp in a research note on Friday, October 6th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $20.97.
Shares of KeyCorp (NYSE KEY) traded up $0.15 during midday trading on Friday, reaching $19.13. The company had a trading volume of 15,607,991 shares, compared to its average volume of 10,979,460. The stock has a market capitalization of $20,570.00, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.68 and a beta of 1.10. KeyCorp has a 52-week low of $16.28 and a 52-week high of $19.53. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. KeyCorp’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.30 earnings per share. sell-side analysts anticipate that KeyCorp will post 1.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, November 28th will be given a $0.105 dividend. The ex-dividend date of this dividend is Monday, November 27th. This represents a $0.42 dividend on an annualized basis and a yield of 2.20%. This is a positive change from KeyCorp’s previous quarterly dividend of $0.10. KeyCorp’s dividend payout ratio is currently 36.52%.
In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total value of $51,133.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total value of $869,610.24. Following the completion of the transaction, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,212 shares of company stock worth $1,060,508. 0.65% of the stock is owned by insiders.
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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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