KeyCorp Director Ruth Ann M. Gillis Acquires 1,000 Shares (KEY)
KeyCorp (NYSE:KEY) Director Ruth Ann M. Gillis acquired 1,000 shares of KeyCorp stock in a transaction that occurred on Monday, July 21st. The shares were purchased at an average price of $13.65 per share, for a total transaction of $13,650.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at approximately $61,425. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Shares of KeyCorp (NYSE:KEY) opened at 13.55 on Wednesday. KeyCorp has a 52-week low of $11.05 and a 52-week high of $14.70. The stock’s 50-day moving average is $14.16 and its 200-day moving average is $13.66. The company has a market cap of $11.881 billion and a P/E ratio of 13.03.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.01. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that KeyCorp will post $1.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, August 28th.
KEY has been the subject of a number of recent research reports. Analysts at Pacific Crest reiterated a “buy” rating on shares of KeyCorp in a research note on Tuesday. They now have a $16.00 price target on the stock, down previously from $16.50. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of KeyCorp in a research note on Friday, July 18th. They now have a $17.00 price target on the stock, up previously from $16.00. Finally, analysts at Iberia Capital downgraded shares of KeyCorp from an “outperform” rating to a “sector perform” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.37.
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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