In yesterday’s Wall Street session, Keycorp (NYSE:KEY) shares traded at $15.40, up 0.46% from the previous session.
KEY stock price is now 3.17% away from the 50-day moving average and 18.27% away from the 200-day moving average. The market capitalization of the company currently stands at $14.52B.
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With the price target enhanced from $10 to $17, Jefferies Upgraded its rating from Hold to Buy for Keycorp (NYSE: KEY). , while ‘Stephens’ rates the stock as ‘Overweight’
In other news, Highsmith Carlton L, Director sold 7,500 shares of the company’s stock on Mar 08 ’24. The stock was sold for $113,250 at an average price of $15.10. Upon completion of the transaction, the Director now directly owns 53,577 shares in the company, valued at $0.83 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 16 ’24, Head of Commercial Bank Gavrity Kenneth C sold 2,376 shares of the business’s stock. A total of $33,335 was realized by selling the stock at an average price of $14.03. This leaves the insider owning 98,120 shares of the company worth $1.51 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Keycorp has had a low of $9.10 and a high of $15.86.
The net profit margin was 6.91% and return on equity was 6.04% for KEY. The company reported revenue of $2.03 billion for the quarter, compared to $1.82 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.4 percent.
