KeyCorp (NYSE:KEY) Director Ruth Ann M. Gillis acquired 2,000 shares of KeyCorp stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $17.91 per share, with a total value of $35,820.00. Following the completion of the purchase, the director now directly owns 10,551 shares of the company’s stock, valued at approximately $188,968.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of KeyCorp (KEY) traded up 0.39% during mid-day trading on Wednesday, hitting $17.98. The stock had a trading volume of 15,221,040 shares. The firm has a market capitalization of $19.55 billion, a PE ratio of 17.86 and a beta of 1.11. KeyCorp has a 1-year low of $11.89 and a 1-year high of $19.53. The stock’s 50-day moving average is $18.49 and its 200-day moving average is $18.26.

KeyCorp (NYSE:KEY) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. The business 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%. The company’s quarterly revenue was up 52.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.27 EPS. Equities analysts expect that KeyCorp will post $1.36 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be paid a $0.095 dividend. The ex-dividend date is Friday, August 25th. This represents a $0.38 dividend on an annualized basis and a yield of 2.11%. KeyCorp’s dividend payout ratio is currently 38.78%.

KeyCorp declared that its Board of Directors has authorized a share repurchase program on Wednesday, June 28th that allows the company to repurchase $800.00 million in outstanding shares. This repurchase authorization allows the financial services provider to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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KEY has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Wednesday, June 21st. Morgan Stanley restated an “overweight” rating and issued a $22.00 price objective (up from $21.00) on shares of KeyCorp in a research note on Friday, July 7th. BidaskClub cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Deutsche Bank AG restated a “hold” rating on shares of KeyCorp in a research note on Monday, July 3rd. Finally, BMO Capital Markets restated a “buy” rating and issued a $22.00 price objective on shares of KeyCorp in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $19.74.

Institutional investors have recently made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec raised its position in shares of KeyCorp by 447.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,182,062 shares of the financial services provider’s stock valued at $21,040,000 after buying an additional 966,000 shares during the period. Trust Co. of Toledo NA OH raised its position in shares of KeyCorp by 0.4% in the second quarter. Trust Co. of Toledo NA OH now owns 42,951 shares of the financial services provider’s stock valued at $805,000 after buying an additional 178 shares during the period. James Investment Research Inc. raised its position in shares of KeyCorp by 1.3% in the first quarter. James Investment Research Inc. now owns 1,077,660 shares of the financial services provider’s stock valued at $19,161,000 after buying an additional 14,300 shares during the period. Bollard Group LLC raised its position in shares of KeyCorp by 5.8% in the first quarter. Bollard Group LLC now owns 121,204 shares of the financial services provider’s stock valued at $2,155,000 after buying an additional 6,610 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of KeyCorp by 62.1% in the second quarter. State of Alaska Department of Revenue now owns 68,512 shares of the financial services provider’s stock valued at $1,283,000 after buying an additional 26,248 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.

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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