In today’s recent session, 0.87 million shares of the Keycorp (NYSE:KEY) have been traded, and its beta is 1.24. Most recently the company’s share price was $16.84, and it changed around $0.11 or 0.69% from the last close, which brings the market valuation of the company to $15.89B. KEY at last check was trading at a discount to its 52-week high of $17.39, offering almost -3.27% off that amount. The share price’s 52-week low was $9.50, which indicates that the recent value has risen by an impressive 43.59% since then. We note from Keycorp’s average daily trading volume that its 10-day average is 7.84 million shares, with the 3-month average coming to 14.11 million.
Keycorp stock received a consensus recommendation rating of Buy, based on a mean score of 1.89. If we narrow it down even further, the data shows that 1 out of 28 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 9 recommended KEY as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. Keycorp is expected to report earnings per share of 0.19 for the current quarter.
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Keycorp (NYSE:KEY) trade information
Instantly KEY has been showing a green trend so far today with a performance of 0.69% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.99 on recent trading dayincreased the stock’s daily price by 0.88%. The company’s shares are currently up 16.98% year-to-date, but still up 3.92% over the last five days. On the other hand, Keycorp (NYSE:KEY) is 6.08% up in the 30-day period. We can see from the shorts that 16.69 million shares have been sold at a short interest cover period of 1.16 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 15.8% from its current value. Analyst projections state that KEY is forecast to be at a low of $15 and a high of $26.
Keycorp (KEY) estimates and forecasts
Keycorp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 13.51 percent over the past six months and at a -1.82% annual growth rate that is well above the industry average of -3.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -34.50% in revenue this quarter, and will report an increase of 36.00% in the next quarter. The year-over-year growth rate is expected to be -5.10%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 1.34B in revenue for the current quarter. 14 analysts expect Keycorp to make 1.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.56B and 1.54B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.10%. Forecasts for the next quarter put sales growth at 10.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -12.34%. Keycorp earnings are expected to increase by -4.51% in 2024, but the outlook is positive 18.25% per year for the next five years.
KEY Dividends
Keycorp’s next quarterly earnings report is expected to be released on 2024-Oct-17. The annual dividend yield of the stock is 4.87 percent and its annual dividend per share was 0.82. It is important to note, however, that the 4.87% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.97 per year.
Keycorp (NYSE:KEY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.38% of Keycorp shares, and 82.78% of them are in the hands of institutional investors. The stock currently has a share float of 83.09%. Keycorp stock is held by 1072.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.8107% of the shares, which is about 109.8 million shares worth $1.56 billion.
BLACKROCK INC., with 10.7485% or 99.93 million shares worth $1.42 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 29.66 shares worth $501.45 million, making up 3.14% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 24.2 shares worth around $409.08 million, which represents about 2.57% of the total shares outstanding.
