Amy G. Brady Sells 19,000 Shares of KeyCorp (NYSE:KEY) Stock

KeyCorp (NYSE:KEY - Get Free Report) insider Amy G. Brady sold 19,000 shares of KeyCorp stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $16.09, for a total value of $305,710.00. Following the completion of the transaction, the insider now owns 82,523 shares in the company, valued at $1,327,795.07. This trade represents a 18.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

KeyCorp Stock Performance

NYSE:KEY traded down $0.49 during trading hours on Friday, reaching $15.63. The company had a trading volume of 13,459,170 shares, compared to its average volume of 12,954,889. KeyCorp has a 1-year low of $12.73 and a 1-year high of $20.04. The firm has a market cap of $17.12 billion, a PE ratio of -52.08, a price-to-earnings-growth ratio of 0.65 and a beta of 1.09. The business's 50 day moving average price is $15.34 and its 200-day moving average price is $16.50. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.77 billion. KeyCorp had a positive return on equity of 8.73% and a negative net margin of 2.52%. During the same period in the previous year, the business earned $0.20 earnings per share. Research analysts forecast that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date of this dividend was Tuesday, May 27th. KeyCorp's dividend payout ratio (DPR) is presently -482.35%.

KeyCorp announced that its board has approved a share buyback plan on Thursday, March 13th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on KEY shares. TD Cowen started coverage on KeyCorp in a research note on Thursday, May 15th. They issued a "hold" rating and a $18.00 target price on the stock. Morgan Stanley restated an "equal weight" rating on shares of KeyCorp in a research note on Thursday, April 17th. Wall Street Zen upgraded KeyCorp from a "sell" rating to a "hold" rating in a research note on Monday, April 21st. Wells Fargo & Company restated an "overweight" rating on shares of KeyCorp in a research note on Thursday, April 17th. Finally, Baird R W upgraded KeyCorp from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Eleven analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, KeyCorp has a consensus rating of "Moderate Buy" and an average target price of $18.86.

Institutional Trading of KeyCorp

A number of institutional investors and hedge funds have recently made changes to their positions in KEY. Strs Ohio acquired a new position in KeyCorp in the 1st quarter valued at $1,431,000. Intrua Financial LLC raised its stake in KeyCorp by 22.9% in the 1st quarter. Intrua Financial LLC now owns 42,283 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 7,877 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in KeyCorp by 2.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,356,598 shares of the financial services provider's stock valued at $117,632,000 after purchasing an additional 172,151 shares during the last quarter. Woodline Partners LP raised its stake in KeyCorp by 41.4% in the 1st quarter. Woodline Partners LP now owns 84,156 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 24,627 shares during the last quarter. Finally, MBB Public Markets I LLC acquired a new position in KeyCorp in the 1st quarter valued at $312,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp 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.