KeyCorp (NYSE:KEY)’s share price was down 5.3% during trading on Monday . The company traded as low as $20.48 and last traded at $20.61. Approximately 12,497,659 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 10,165,811 shares. The stock had previously closed at $21.76.

A number of equities analysts have recently commented on KEY shares. Zacks Investment Research lowered KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research report on Thursday, October 19th. Oppenheimer reissued a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. ValuEngine downgraded KeyCorp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, CIBC reissued a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $22.07.

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The firm has a market capitalization of $22,033.82, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04.

KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. During the same period in the previous year, the business earned $0.31 earnings per share. equities analysts forecast that KeyCorp will post 1.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s payout ratio is 37.50%.

In related news, Director Elizabeth R. Gile acquired 1,374 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of $18.23 per share, with a total value of $25,048.02. Following the completion of the acquisition, the director now owns 24,989 shares of the company’s stock, valued at $455,549.47. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total value of $250,680.99. Following the completion of the transaction, the insider now directly owns 51,791 shares in the company, valued at $1,098,487.11. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of KeyCorp by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock worth $341,000 after buying an additional 150 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of KeyCorp by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock worth $466,000 after buying an additional 216 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of KeyCorp by 1.0% during the 2nd quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock worth $1,408,000 after buying an additional 757 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of KeyCorp by 3.8% during the 2nd quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock worth $630,000 after buying an additional 1,230 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in shares of KeyCorp by 0.6% during the 2nd quarter. Bank of Nova Scotia now owns 247,204 shares of the financial services provider’s stock worth $4,633,000 after buying an additional 1,539 shares during the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: This news story was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another domain, it was stolen and republished in violation of US and international trademark & copyright law. The original version of this news story can be accessed at https://www.watchlistnews.com/keycorp-key-shares-down-5-3/1850395.html.

About KeyCorp

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.

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.