News stories about KeyCorp (NYSE:KEY) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. The research group, a service of Accern, scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. KeyCorp earned a coverage optimism score of 0.18 on AlphaOne’s scale. AlphaOne also assigned news coverage about the financial services provider an impact score of 87 out of 100, indicating that recent press coverage is very likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have impacted AlphaOne Sentiment’s analysis:
- KeyCorp (KEY) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Dundee’s Preference Shares, Series 2, Cross 10% Yield Mark (thestreet.com)
- A Female CEO of a Big Bank? The Odds Are Now Greater Than Zero (bloomberg.com)
- Keycorp Com (KEY) Stake Held by Hedeker Wealth Management Group Llc (fumbleboard.com)
- Technical Snapshots for These Banking Stocks — Huntington Bancshares, KeyCorp, US Bancorp, and Fifth Third Bancorp (bizjournals.com)
KeyCorp (NYSE:KEY) traded down 0.669% on Friday, reaching $18.555. The company had a trading volume of 5,121,430 shares. The firm has a market capitalization of $20.34 billion, a PE ratio of 21.601 and a beta of 1.12. The stock has a 50 day moving average of $18.20 and a 200 day moving average of $18.16. KeyCorp has a 12 month low of $10.21 and a 12 month high of $19.53. KeyCorp also was the recipient of some unusual options trading on Tuesday. Investors purchased 2,959 put options on the stock. This represents an increase of approximately 320% compared to the typical daily volume of 704 put options.
KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.04. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. KeyCorp had a return on equity of 9.30% and a net margin of 14.69%. The business’s revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 earnings per share. On average, analysts anticipate that KeyCorp will post $1.33 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Tuesday, May 30th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.03%. This is a positive change from KeyCorp’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, May 25th. KeyCorp’s dividend payout ratio is 44.71%.
KEY has been the subject of several research analyst reports. Evercore ISI upgraded KeyCorp from a “hold” rating to an “outperform” rating in a research report on Friday, March 3rd. BMO Capital Markets reiterated a “buy” rating and issued a $22.00 target price on shares of KeyCorp in a research note on Monday, February 27th. BidaskClub upgraded KeyCorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered KeyCorp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 25th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of KeyCorp in a research note on Friday, April 21st. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.56.
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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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