Insider Buying: Ruth Ann Gillis Buys 1,000 Shares of KeyCorp Stock (KEY)
KeyCorp (NYSE:KEY) Director Ruth Ann Gillis purchased 1,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, October 21st. The shares were purchased at an average cost of $12.59 per share, with a total value of $12,590.00. Following the transaction, the director now directly owns 3,500 shares in the company, valued at approximately $44,065. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods upgraded shares of KeyCorp from an “underperform” rating to a “market perform” rating in a research note to investors on Tuesday. Separately, analysts at Credit Suisse raised their price target on shares of KeyCorp from $14.00 to $14.50 in a research note to investors on Thursday, October 17th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of KeyCorp from $11.00 to $12.00 in a research note to investors on Thursday, October 17th. They now have an “underweight” rating on the stock. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and ten have given a buy rating to the company’s stock. KeyCorp has a consensus rating of “Hold” and a consensus price target of $11.78.
Shares of KeyCorp (NYSE:KEY) traded up 0.52% during mid-day trading on Tuesday, hitting $12.625. The stock had a trading volume of 13,171,149 shares. KeyCorp has a 1-year low of $7.81 and a 1-year high of $12.68. The stock has a 50-day moving average of $11.78 and a 200-day moving average of $11.. The company has a market cap of $11.335 billion and a price-to-earnings ratio of 13.49.
KeyCorp (NYSE:KEY) last announced its earnings results on Wednesday, October 16th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.22 by $0.03. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 4.8% on a year-over-year basis. On average, analysts predict that KeyCorp will post $0.89 earnings per share for the current fiscal year.
KeyCorp is a bank holding company. It is a bank-based financial services company. KeyCorp is the parent holding company for KeyBank National Association (NYSE:KEY), its principal subsidiary, through which most of its banking services are provided.
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