Stocks of Keycorp (NYSE:KEY) traded higher last session on Wall Street, up 0.14% to $14.48.
KEY stock price is now -3.11% away from the 50-day moving average and 10.54% away from the 200-day moving average. The market capitalization of the company currently stands at $13.65B.
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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 $0.78 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 $1.42 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. According to the stock market information, the enterprise value for the company is $38632620032, which is based on a 18.48 price-to-earnings ratio, a 1.02 price-to-earnings-growth ratio, and a beta of 1.27. The fifty day moving average price for KEY is $14.9458 and a two-hundred day moving average price translates $13.11435 for the stock.
The latest earnings results from Keycorp (NYSE: KEY) was released for 2024-03-31. According to the Banks – Regional Company, earnings per share came in at 0.27, missing analysts’ expectations of 0.31 by -0.04. This compares to $0.30 EPS in the same period last year. 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. For the current quarter, analysts expect KEY to generate $1.55B in revenue.
Keycorp(KEY) Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans to consumer, energy, healthcare, industrial, public sector, real estate, and technology sectors for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
