KeyCorp (NYSE:KEY) insider Amy G. Brady sold 18,000 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $18.42, for a total value of $331,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

KeyCorp (KEY) traded up 0.16% during mid-day trading on Tuesday, hitting $18.35. The company had a trading volume of 8,701,214 shares. The company’s 50 day moving average price is $18.58 and its 200-day moving average price is $18.26. KeyCorp has a one year low of $11.89 and a one year high of $19.53. The company has a market cap of $20.05 billion, a PE ratio of 18.22 and a beta of 1.11.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.53 billion. KeyCorp had a return on equity of 9.88% and a net margin of 16.62%. KeyCorp’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 earnings per share. Equities research analysts anticipate that KeyCorp will post $1.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Friday, August 25th. KeyCorp’s dividend payout ratio (DPR) is presently 38.78%.

KeyCorp announced that its Board of Directors has initiated a share repurchase program on Wednesday, June 28th that authorizes the company to buyback $800.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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Several large investors have recently made changes to their positions in KEY. Focused Wealth Management Inc boosted its stake in shares of KeyCorp by 613.0% in the first quarter. Focused Wealth Management Inc now owns 5,961 shares of the financial services provider’s stock valued at $106,000 after buying an additional 5,125 shares during the period. Thompson Davis & CO. Inc. boosted its stake in shares of KeyCorp by 20.2% in the first quarter. Thompson Davis & CO. Inc. now owns 6,699 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,125 shares during the period. Cypress Capital Management LLC WY boosted its stake in shares of KeyCorp by 177.9% in the second quarter. Cypress Capital Management LLC WY now owns 7,030 shares of the financial services provider’s stock valued at $132,000 after buying an additional 4,500 shares during the period. CI Investments Inc. acquired a new stake in shares of KeyCorp during the first quarter valued at about $160,000. Finally, Equity Investment Corp Acquisition Inc acquired a new stake in shares of KeyCorp during the first quarter valued at about $179,000. 81.27% of the stock is currently owned by institutional investors.

Several research analysts have issued reports on KEY shares. Instinet reiterated a “buy” rating and issued a $23.00 price objective (up previously from $22.00) on shares of KeyCorp in a research report on Sunday, April 23rd. Nomura reiterated a “buy” rating and issued a $23.00 price objective on shares of KeyCorp in a research report on Friday, April 21st. Zacks Investment Research upgraded KeyCorp from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Wednesday, June 21st. BidaskClub upgraded KeyCorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Finally, BMO Capital Markets increased their price objective on KeyCorp to $22.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fifteen have issued a buy rating to the company. KeyCorp has an average rating of “Hold” and a consensus price target of $19.78.

KeyCorp Company Profile

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.

Insider Buying and Selling by Quarter for KeyCorp (NYSE:KEY)

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