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Saturday, December 9, 2023

Analysts Point To Keycorp (NYSE: KEY) Growth In The Future

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 to $12.25. The Keycorp has recorded 2,549,285 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Local Business L&M Hair Company Wins KeyBank’s Key4Women, 2023 Women-Owned Business Pitch Contest in Partnership With Micro Enterprise Services of Oregon (MESO), and the Portland Thorns FC.

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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 $12.25 and fluctuated between $12.33 as its day high and $12.11 as its day low. The current market capitalization of Keycorp is $11.47B. A total of 10.89 million shares were traded on the day, compared to an average of 14.66M 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 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 48 BUYs and 35 SELLs from insiders. Insiders purchased 737,089 shares during that period but sold 273,949.

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.


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 6.70%, and it has a price to earnings (P/E) ratio of 9.93. KEY’s most recent ex-dividend date was 11/27/2023 when it declared a $0.2050 quarterly dividend that was paid in cash on 12/15/2023. Previously, the company paid the dividend on 9/15/2023 with an ex-dividend date of 8/28/2023. 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 $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

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 $11.60, 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 4.00.

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