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Wednesday, December 6, 2023

Keycorp (NYSE: KEY) May Be Attracting Institutional Investments

After Hours

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. After-hours trades for Keycorp (KEY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -0.41%, to $12.14. The Keycorp has recorded 1,390,537 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that KeyBank Honors Local Entrepreneur at Annual Key4Women Awards in Syracuse, NY.

Stocks Info

Keycorp is listed on the NYSE as a member of the Financial sector and is a part of the Banks – Regional industry. At the end of the last regular session, the stock closed at $12.19 and fluctuated between $12.25 as its day high and $11.95 as its day low. The current market capitalization of Keycorp is $11.41B. A total of 16.51 million shares were traded on the day, compared to an average of 14.71M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, KEY has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 49 BUYs and 36 SELLs from insiders. Insiders purchased 739,279 shares during that period but sold 274,614.

In the most recent transaction, Rankin Devina A bought 10,000 shares of KEY for 11.49 per share on Aug 10. After the transaction, the Director now owns 10,000 company shares. In a previous transaction on May 26, Brady Amy G. sold 12,627 shares at 9.92 per share. KEY shares that Chief Information Officer owns now total 94,106.

Among the insiders who sold shares, Brady Amy G. disposed of 12,388 shares on May 25 at a per-share price of $10.11. This resulted in the Chief Information Officer holding 106,733 shares of KEY after the transaction. In another insider transaction, Paine Andrew J III bought 75,000 shares at $9.78 per share on May 03. Company shares held by the Head of Institutional Bank now total 335,414.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Keycorp pays an annual dividend of $0.82, resulting in a dividend yield of 6.74%, and it has a price to earnings (P/E) ratio of 9.88. KEY’s most recent ex-dividend date was 8/28/2023 when it declared a $0.2050 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 5/26/2023. The KEY stock dividend was $0.2050 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for KEY in the last 3 months, the mean price target is $12.67 with high estimates of $16.00 and low estimates of $10.00. 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 $0.25 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.06. The company reported an EPS of $0.27 in the last quarter, which was -12.90% lower than expectations of $0.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $11.60, while its Total Shareholder’s Equity was $17.42B.

Analysts Opinion

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. 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 4.00.

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