KeyCorp (NYSE:KEY) insider Douglas M. Schosser sold 6,048 shares of the stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $21.49, for a total transaction of $129,971.52. Following the completion of the transaction, the insider now owns 23,164 shares of the company’s stock, valued at approximately $497,794.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

NYSE:KEY opened at $21.74 on Tuesday. KeyCorp has a twelve month low of $16.28 and a twelve month high of $22.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.89 and a quick ratio of 0.88. The stock has a market cap of $22.71 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.79 and a beta of 1.00.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, July 19th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. KeyCorp had a net margin of 20.05% and a return on equity of 11.73%. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the firm posted $0.36 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts expect that KeyCorp will post 1.75 earnings per share for the current year.

KeyCorp declared that its board has authorized a stock buyback plan on Thursday, June 28th that allows the company to buyback $1.23 billion in shares. This buyback authorization allows the financial services provider to buy up to 5.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Tuesday, August 28th will be given a dividend of $0.17 per share. This is a positive change from KeyCorp’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, August 27th. This represents a $0.68 annualized dividend and a dividend yield of 3.13%. KeyCorp’s dividend payout ratio (DPR) is 35.29%.

Several large investors have recently bought and sold shares of the company. Fiera Capital Corp lifted its stake in KeyCorp by 25.0% during the first quarter. Fiera Capital Corp now owns 12,902 shares of the financial services provider’s stock valued at $252,000 after buying an additional 2,582 shares in the last quarter. TCW Group Inc. lifted its stake in KeyCorp by 0.9% during the first quarter. TCW Group Inc. now owns 277,576 shares of the financial services provider’s stock valued at $5,427,000 after buying an additional 2,604 shares in the last quarter. Fagan Associates Inc. lifted its stake in KeyCorp by 4.1% during the second quarter. Fagan Associates Inc. now owns 66,049 shares of the financial services provider’s stock valued at $1,291,000 after buying an additional 2,627 shares in the last quarter. LS Investment Advisors LLC lifted its stake in KeyCorp by 6.0% during the first quarter. LS Investment Advisors LLC now owns 47,496 shares of the financial services provider’s stock valued at $929,000 after buying an additional 2,680 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. lifted its stake in KeyCorp by 1.0% during the first quarter. Lowe Brockenbrough & Co. Inc. now owns 292,230 shares of the financial services provider’s stock valued at $5,713,000 after buying an additional 2,955 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

A number of brokerages recently issued reports on KEY. Morgan Stanley increased their target price on shares of KeyCorp from $24.50 to $25.00 and gave the company an “overweight” rating in a research report on Tuesday, April 24th. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Tuesday, July 17th. Jefferies Financial Group reiterated a “buy” rating and issued a $23.00 target price on shares of KeyCorp in a research report on Friday, July 13th. ValuEngine lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, Mizuho increased their target price on shares of KeyCorp from $25.00 to $25.50 and gave the company an “overweight” rating in a research report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. KeyCorp has an average rating of “Buy” and a consensus target price of $23.24.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.

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

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