Keycorp (NYSE:KEY) has a beta value of 1.22 and has seen 8.38 million shares traded in the recent trading session. The company, currently valued at $18.34B, closed the recent trade at $19.44 per share which meant it gained $2.18 on the day or 12.63% during that session. The KEY stock price is 7.72% off its 52-week high price of $17.94 and 44.8% above the 52-week low of $10.73. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.37 million shares traded. The 3-month trading volume is 11.94 million shares.
The consensus among analysts is that Keycorp (KEY) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 15 have rated it as a Hold, with 9 advising it as a Buy. 0 have rated the stock as Underweight.
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Keycorp (NYSE:KEY) trade information
Sporting 12.63% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the KEY stock price touched $19.44 or saw a fall of -0.26%. Year-to-date, Keycorp shares have moved 35.00%, while the 5-day performance has seen it change 11.15%. Over the past 30 days, the shares of Keycorp (NYSE:KEY) have changed 16.20%. Short interest in the company has seen 15.45 million shares shorted with days to cover at 1.65.
Wall Street analysts have a consensus price target for the stock at $19, which means that the shares’ value could drop -2.32% from the levels at last check today.. The projected low price target is $15.0 while the price target rests at a high of $23.0. In that case, then, we find that the latest price level in today’s session is -18.31% off the targeted high while a plunge would see the stock lose 22.84% from the levels at last check today..
Keycorp (KEY) estimates and forecasts
Figures show that Keycorp shares have outperformed across the wider relevant industry. The company’s shares have gained 29.43% over the past 6 months, with this year growth rate of -1.82%, compared to -2.10% for the industry.
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 -4.21% while over the next 5 years, the company’s earnings are expected to increase by 18.36%.
KEY Dividends
Keycorp is expected to release its next earnings report on 2025-Jan-21 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 4.22%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.99%.
Keycorp (NYSE:KEY)’s Major holders
Insiders own 0.36% of the company shares, while shares held by institutions stand at 79.00% with a share float percentage of 79.28%. Investors are also buoyed by the number of investors in a company, with Keycorp having a total of 1059.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 109.8 million shares worth more than $1.56 billion. As of 2024-06-30, VANGUARD GROUP INC held 11.8107% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 99.93 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.42 billion and represent 10.7485% of shares outstanding.
