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Monday, June 5, 2023

Analyst Expects KeyCorp (NYSE: KEY) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for KeyCorp (KEY) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $9.82. The KeyCorp has recorded 391,942 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed KeyCorp 2022 ESG Report Highlights Women In Business.

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Stocks Info

As a NYSE listed company, KEY falls under the Financial sector while operating within the Banks – Regional industry segment. At the end of the last regular session, the stock closed at $9.82 and fluctuated between $10.15 as its day high and $9.62 as its day low. The current market capitalization of KeyCorp is $9.40B. A total of 23.15 million shares were traded on the day, compared to an average of 27.95M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, KEY has seen 14 BUY and 12 SELL insider trades, representing the acquisition of 256,561 and the disposition of 125,983 shares. Over the last 12 months, there were 47 BUYs and 35 SELLs from insiders. Insiders purchased 720,756 shares during that period but sold 252,289.

In the most recent transaction, Paine Andrew J III bought 75,000 shares of KEY for 9.78 per share on May 03. After the transaction, the Head of Institutional Bank now owns 335,414 company shares. In a previous transaction on Apr 26, Hipple Richard J bought 2,200 shares at 10.66 per share. KEY shares that Director owns now total 68,374.

Among the insiders who bought shares, Alexander Victor B acquired of 8,500 shares on Apr 21 at a per-share price of $11.83. This resulted in the Head of Consumer Bank holding 117,196 shares of KEY after the transaction. In another insider transaction, GILLIS RUTH ANN M bought 2,000 shares at $12.95 per share on Mar 14. Company shares held by the Director now total 42,961.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. KeyCorp pays an annual dividend of $0.82, resulting in a dividend yield of 8.35%, and it has a price to earnings (P/E) ratio of 5.56. KEY’s most recent ex-dividend date was 5/26/2023 when it declared a $0.2050 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/27/2023. The KEY stock dividend was $0.2050 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for KEY in the last 3 months, the mean price target is $14.28 with high estimates of $20.00 and low estimates of $11.00. In terms of 52-week highs and lows, KEY has a high of $20.30 and a low of $8.53.

As of this writing, KEY has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.46 per share and a lower estimate of $0.28. The company reported an EPS of $0.38 in the last quarter, which was -29.60% lower than expectations of $0.54.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $12.76, while its Total Shareholder’s Equity was $17.42B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 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 Buy with a score of 3.69.

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