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New York
Wednesday, February 1, 2023

KeyCorp (KEY) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for KeyCorp (KEY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.06%, to $18.01. The KeyCorp has recorded 394,448 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Improving Heart Health Is the Focus for KeyBank’s Mannarino As He Leads American Heart Association Metro Detroit Heart Challenge Campaign.


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Stocks Info

KeyCorp is listed on the NYSE in the Financial sector while operating in the Banks – Regional industry. At the end of the last regular session, the stock closed at $18.02 and fluctuated between $18.16 as its day high and $17.84 as its day low. The current market capitalization of KeyCorp is $16.96B. A total of 10.85 million shares were traded on the day, compared to an average of 10.89M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, KEY has seen 2 BUY and 2 SELL insider trades, representing the acquisition of 55,711 and the disposition of 2,101 shares. Over the last 12 months, there were 37 BUYs and 36 SELLs from insiders. Insiders purchased 518,163 shares during that period but sold 187,327.

In the most recent transaction, Highsmith Carlton L sold 5,200 shares of KEY for 17.59 per share on Sep 14. After the transaction, the Director now owns 64,139 company shares. In a previous transaction on Mar 07, Highsmith Carlton L sold 5,362 shares at 22.86 per share. KEY shares that Director owns now total 64,874.

Among the insiders who sold shares, Warder Jamie disposed of 9,632 shares on Feb 28 at a per-share price of $24.80. This resulted in the Head of Digital Banking holding 22,095 shares of KEY after the transaction.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. KeyCorp pays an annual dividend of $0.82, resulting in a dividend yield of 4.55%, and it has a price to earnings (P/E) ratio of 8.25. KEY’s most recent ex-dividend date was 2/27/2023 when it declared a $0.2050 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/28/2022. The KEY stock dividend was $0.2050 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for KEY in the last 3 months, the mean price target is $20.03 with high estimates of $24.00 and low estimates of $16.00. In terms of 52-week highs and lows, KEY has a high of $27.17 and a low of $15.26.

As of this writing, KEY has an earnings estimate of $0.59 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.51. The company reported an EPS of $0.54 in the last quarter, which was 3.80% higher than expectations of $0.52.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KEY is Sell with a score of 3.36. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 11 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 4 thought it should be Sold.

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