KeyCorp Director Purchases $24,960 in Stock (KEY)
KeyCorp (NYSE:KEY) Director Charles Cooley purchased 2,000 shares of the stock in a transaction dated Friday, October 18th. The shares were purchased at an average price of $12.48 per share, with a total value of $24,960.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at approximately $37,440. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
KeyCorp (NYSE:KEY) traded up 0.56% on Tuesday, hitting $12.63. The stock had a trading volume of 13,170,099 shares. KeyCorp has a 52 week low of $7.81 and a 52 week 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 $11.339 billion and a P/E ratio of 13.49.
KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.23 earnings per share. KeyCorp’s revenue was down 4.8% compared to the same quarter last year. On average, analysts predict that KeyCorp will post $0.89 earnings per share for the current fiscal year.
KEY has been the subject of a number of recent research reports. 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 assigned a buy rating to the company’s stock. KeyCorp presently has an average rating of “Hold” and an average target price of $11.78.
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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