Keycorp (NYSE:KEY) has a beta value of 1.28 and has seen 1.88 million shares traded in the recent trading session. The company, currently valued at $13.42B, closed the recent trade at $14.38 per share which meant it lost -$0.06 on the day or -0.45% during that session. The KEY stock price is -6.33% off its 52-week high price of $15.29 and 40.68% above the 52-week low of $8.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.27 million shares traded. The 3-month trading volume is 17.09 million shares.
Keycorp (NYSE:KEY) trade information
Sporting -0.45% in the red today, the stock has traded in the red over the last five days, when the KEY stock price touched $14.38 or saw a rise of 4.71%. Year-to-date, Keycorp shares have moved -0.17%, while the 5-day performance has seen it change -2.94%. Over the past 30 days, the shares of Keycorp (NYSE:KEY) have changed 2.17%. Short interest in the company has seen 23.69 million shares shorted with days to cover at 1.31.
Keycorp (KEY) estimates and forecasts
Figures show that Keycorp shares have outperformed across the wider relevant industry. The company’s shares have gained 26.43% over the past 6 months, with this year growth rate of 10.91%, compared to -6.70% for the industry. Revenue growth from the last financial year stood is estimated to be -0.00%.
16 analysts offering their estimates for the company have set an average revenue estimate of $1.51 billion for the current quarter. 16 have an estimated revenue figure of $1.55 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.79 billion and $1.63 billion respectively for this quarter and the next, and analysts expect sales will shrink by -15.50% for the current quarter and -4.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -12.34% over the past 5 years. Earnings growth for 2024 is a modest 3.57% while over the next 5 years, the company’s earnings are expected to decrease by -5.80%.
KEY Dividends
Keycorp is expected to release its next earnings report on April 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.82 at a share yield of 5.70%. The company’s dividend yield has gone up over the past 12 months.
Keycorp (NYSE:KEY)’s Major holders
Insiders own 0.34% of the company shares, while shares held by institutions stand at 81.64% with a share float percentage of 81.92%. Investors are also buoyed by the number of investors in a company, with Keycorp having a total of 1,078 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 109.87 million shares worth more than $1.58 billion. As of Dec 30, 2023, Vanguard Group Inc held 11.77% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 95.89 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $1.38 billion and represent 10.27% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Dec 30, 2023, the former fund manager holds about 3.16% shares in the company for having 29.49 million shares of worth $423.87 million while later fund manager owns 22.86 million shares of worth $328.6 million as of Dec 30, 2023, which makes it owner of about 2.45% of company’s outstanding stock.
