KeyCorp Sees Unusually Large Options Volume (KEY)
KeyCorp (NYSE:KEY) was the recipient of some unusual options trading activity on Friday. Investors bought 5,961 put options on the company. This is an increase of 2,304% compared to the average volume of 248 put options.
In related news, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the transaction, the director now directly owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the transaction, the insider now directly owns 110,052 shares in the company, valued at $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold 57,212 shares of company stock worth $1,060,508 over the last ninety days. 0.65% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of KEY. NGAM Advisors L.P. lifted its stake in shares of KeyCorp by 11.4% in the second quarter. NGAM Advisors L.P. now owns 248,447 shares of the financial services provider’s stock worth $4,656,000 after buying an additional 25,387 shares during the last quarter. IBM Retirement Fund lifted its stake in shares of KeyCorp by 122.0% in the second quarter. IBM Retirement Fund now owns 26,646 shares of the financial services provider’s stock worth $559,000 after buying an additional 14,641 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in shares of KeyCorp by 1,684.8% in the second quarter. Harbour Capital Advisors LLC now owns 18,740 shares of the financial services provider’s stock worth $1,000,000 after buying an additional 17,690 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in KeyCorp by 39.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 1,144,290 shares of the financial services provider’s stock valued at $21,433,000 after purchasing an additional 326,043 shares during the last quarter. Finally, Lourd Capital LLC acquired a new position in KeyCorp during the 2nd quarter valued at $217,000. Institutional investors and hedge funds own 81.23% of the company’s stock.
Shares of KeyCorp (NYSE:KEY) opened at $19.13 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. KeyCorp has a one year low of $16.28 and a one year high of $19.53. The firm has a market cap of $20,572.40, a price-to-earnings ratio of 14.49, a PEG ratio of 1.74 and a beta of 1.10.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company earned $0.30 earnings per share. KeyCorp’s revenue for the quarter was up 13.7% on a year-over-year basis. research analysts anticipate that KeyCorp will post 1.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th will be paid a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date is Monday, November 27th. KeyCorp’s payout ratio is presently 36.84%.
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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.
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