KeyCorp (NYSE:KEY) Insider Angela Mago Sells 22,826 Shares

KeyCorp (NYSE:KEY) insider Angela Mago sold 22,826 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.66, for a total value of $494,411.16. Following the completion of the transaction, the insider directly owned 281,564 shares in the company, valued at $6,098,676.24. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

KeyCorp Trading Down 0.2%

Shares of NYSE:KEY opened at $21.28 on Wednesday. The stock has a market capitalization of $23.07 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. The stock’s 50-day simple moving average is $20.73 and its two-hundred day simple moving average is $20.35. KeyCorp has a 52-week low of $15.28 and a 52-week high of $23.34.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, April 16th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that KeyCorp will post 1.82 EPS for the current year.

Wall Street Analysts Forecast Growth

KEY has been the topic of a number of analyst reports. Weiss Ratings raised KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Robert W. Baird lifted their price objective on KeyCorp from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Friday, April 17th. Royal Bank Of Canada lifted their price objective on KeyCorp from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen downgraded KeyCorp from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Evercore reissued an “outperform” rating on shares of KeyCorp in a research note on Tuesday, April 21st. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and a consensus price target of $23.18.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently modified their holdings of KEY. United Community Bank bought a new position in shares of KeyCorp during the 3rd quarter valued at approximately $27,000. Maseco LLP bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $27,000. DV Equities LLC bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $27,000. GoalVest Advisory LLC bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $30,000. Finally, Smithfield Trust Co bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $31,000. Institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.