Insider Selling: KeyCorp (NYSE:KEY) Insider Sells $294,065.49 in Stock

by · The Cerbat Gem

KeyCorp (NYSE:KEY – Get Free Report) insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total value of $294,065.49. Following the sale, the insider now owns 234,582 shares of the company’s stock, valued at approximately $4,595,461.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

KeyCorp Stock Performance

KEY opened at $18.97 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of 1,897.00, a PEG ratio of 1.05 and a beta of 1.24. The company has a fifty day moving average of $16.96 and a 200 day moving average of $15.65. KeyCorp has a fifty-two week low of $10.73 and a fifty-two week high of $20.00.

KeyCorp (NYSE:KEY – Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. As a group, sell-side analysts forecast that KeyCorp will post 1.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on KEY shares. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a research report on Tuesday, September 10th. Jefferies Financial Group increased their price target on shares of KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Evercore ISI boosted their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Baird R W lowered KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Finally, Wedbush lifted their target price on KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Nine research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.79.

Check Out Our Latest Research Report on KEY

Institutional Investors Weigh In On KeyCorp

A number of hedge funds have recently bought and sold shares of the business. Pathway Financial Advisers LLC bought a new stake in shares of KeyCorp in the 1st quarter worth about $25,000. Wolff Wiese Magana LLC increased its stake in KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares during the last quarter. American Capital Advisory LLC purchased a new stake in KeyCorp during the third quarter valued at approximately $28,000. Crewe Advisors LLC bought a new stake in shares of KeyCorp in the 1st quarter valued at approximately $32,000. Finally, Catalyst Capital Advisors LLC purchased a new position in shares of KeyCorp in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp Company Profile

(Get Free Report)

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.

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