KeyCorp (KEY) Head of Digital Banking Owns Stock Worth $3112.0

KeyCorp (NYSE:KEY) traded with a subtraction of -$0.29 to $22.41 on Wednesday, a downside of -1.28 percent. An average of 6,888,020 shares of common stock have been traded in the last five days. There was a gain of $0.30 in the past week. The last 20 days have seen an average of 8,618,010 shares traded, while the 50-day average volume stands at 7,227,720.

KEY stock has increased by 13.22% in the last month. The company shares reached their 1-month lowest point of $19.61 on 09/09/21. With the stock rallying to its 52-week high on 05/18/21, shares of the company touched a low of $12.12 and a high of $23.65 in 52 weeks. In spite of this, the price is down -5.22% from the 52-week high.

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Insider Transactions

26 days have passed since KeyCorp (KEY) last reported insider trading activity. Warder Jamie, who is Head of Digital Banking, most recently acquired $3,112 shares at $19.97 per share on Sep 10. In this transaction, the insider spent $62,147. Head of Digital Banking, Warder Jamie, disposed of 9,684 shares at a price of $19.76 on Sep 08. The insider now owns more than $191,356 worth of shares. Prior to that, Director, Corporate Center Evans Trina M went on to Sale 12,000 shares at $20.35 each on Aug 09. An amount of $244,200 was transacted.

Valuation Metrics

KeyCorp (KEY) has a trailing price-to-earnings (P/E) ratio of 9.88, which compares with the 16.80 for the broader industry and 12.59 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, KeyCorp’s PE ratio has ranged between 23.90 and 5.037. The stock’s beta is 1.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.75, the price-to-book (PB) ratio at 1.36, and the price-to-cash flow ratio at 21.57.

KeyCorp pays a $0.74 dividend per share annually. It offers a dividend yield of 3.32%. The company has a payout ratio of 31.60%. The company’s most recent quarterly dividend payment took place on Sep. 15, and it was $0.1850 a share, without any change from last year. Its dividend has been increased for the last 12 consecutive years with the latest increase dividend $0.0150 reported on Wednesday July 17 2019. Dividends have grown by 94.74% each year over the last three years.

KeyCorp will next go ex-dividend on 3-Dec. The next dividend payment KeyCorp will make is expected to be $0.185.

Further, the company has a long term debt to equity ratio of 0.82 and a total debt to equity ratio of 0.82 for the quarter ending June 29. Its gross profit as reported stood at $4.03 billion compared to revenue of $4.68 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, KeyCorp’s return on assets was 1.30%, compared to 1.0% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 14.20% and the 5-year average holds at 9.4%. For the broader industry, ROE averaged 11.10 over the past year.

Earnings Surprise

The analyst consensus anticipated KeyCorp’s latest quarter earnings to come in at $0.54 per share, but it turned out to be $0.73, a 35.20% surprise. At the end of the quarter ending June 29, KeyCorp’s stock balance sheet showed total debt was $14.31 billion. Shareholders own equity worth $956.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at KeyCorp (KEY) price momentum. RSI 9-day as of the close on 05 October was 64.10%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.75%.

As of today, KEY’s price is $22.27 +1.34% or $0.30 from its 5-day moving average. KEY is currently trading +12.89% higher than its 20-day SMA and -4.72% lower than its 100-day SMA. However, the stock’s current price level is +15.11% above the SMA50 and +44.52% above the SMA200.

The stochastic %K and %D were 87.39% and 88.48%, respectively, and the average true range (ATR) was 0.57. With the 14-day stochastic at 81.28% and the average true range at 0.57, the RSI (14) stands at 62.87%. The stock has reached 0.46 on the 9-day MACD Oscillator while the 14-day reading was at 1.03.

Analyst Ratings

Odeon downgraded KeyCorp (NYSE: KEY) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a a Buy.The consensus rating for KeyCorp (KEY) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell KEY, while 11 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is KEY’s price target for the next 12 months?

Analysts predict a range of price targets between $21.00 and $27.00, with a median target of $23.00. Taking a look at these predictions, the average price target given by analysts for KeyCorp (KEY) stock is $23.19.


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