Market Recap Check: Keycorp (KEY)’s Positive Finish at 15.86, Up/Down 0.57

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The price of Keycorp (NYSE: KEY) closed at $15.86 in the last session, up 0.57% from day before closing price of $15.77. In other words, the price has increased by $0.57 from its previous closing price. On the day, 16.69 million shares were traded. KEY stock price reached its highest trading level at $16.015 during the session, while it also had its lowest trading level at $15.71.

Ratios:

We take a closer look at KEY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.50 whereas as Long-Term Debt/Eq ratio is at 1.14.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on July 08, 2024, Downgraded its rating to Neutral and sets its target price to $15 from $16 previously.

On January 09, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $10 to $17.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 08 ’24 when Highsmith Carlton L sold 7,500 shares for $15.10 per share. The transaction valued at 113,250 led to the insider holds 53,577 shares of the business.

Gavrity Kenneth C sold 2,376 shares of KEY for $33,335 on Feb 16 ’24. The Head of Commercial Bank now owns 98,120 shares after completing the transaction at $14.03 per share. On Feb 15 ’24, another insider, Schosser Douglas M, who serves as the Chief Accounting Officer of the company, sold 3,326 shares for $14.00 each. As a result, the insider received 46,564 and left with 19,795 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KEY now has a Market Capitalization of 14959152128 and an Enterprise Value of 37100150784. As of this moment, Keycorp’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.76, and their Forward P/E ratio for the next fiscal year is 9.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 6.462.

Stock Price History:

The Beta on a monthly basis for KEY is 1.25, which has changed by 0.27697265 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, KEY has reached a high of $16.47, while it has fallen to a 52-week low of $9.50. The 50-Day Moving Average of the stock is 9.67%, while the 200-Day Moving Average is calculated to be 15.45%.

Shares Statistics:

According to the various share statistics, KEY traded on average about 13.05M shares per day over the past 3-months and 18235960 shares per day over the past 10 days. A total of 942.86M shares are outstanding, with a floating share count of 938.79M. Insiders hold about 0.43% of the company’s shares, while institutions hold 80.37% stake in the company. Shares short for KEY as of 1719532800 were 29887553 with a Short Ratio of 2.29, compared to 1717113600 on 29617994. Therefore, it implies a Short% of Shares Outstanding of 29887553 and a Short% of Float of 4.0799997999999995.

Dividends & Splits

The forward annual dividend rate for KEY is 0.82, which was 0.82 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.05199746The stock’s 5-year Average Dividend Yield is 4.92. The current Payout Ratio is 92.82% for KEY, which recently paid a dividend on 2024-05-24 with an ex-dividend date of 1724716800. Stock splits for the company last occurred on 1998-03-09 when the company split stock in a 2:1 ratio.

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