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Keycorp (KEY) Is Now En Route to Higher Prices

Keycorp (NYSE: KEY) is 5.97% higher on its value in year-to-date trading and has touched a low of $8.53 and a high of $15.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KEY stock was last observed hovering at around $15.49 in the last trading session, with the day’s loss setting it -0.23%.

Currently trading at $15.26, the stock is 1.87% and 5.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.4 million and changing -1.48% at the moment leaves the stock 24.19% off its SMA200. KEY registered 23.26% gain for a year compared to 6-month gain of 41.82%.

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The stock witnessed a 7.54% loss in the last 1 month and extending the period to 3 months gives it a 5.97%, and is 0.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.73% over the month.

Current P/E ratio is 17.26 and Fwd P/E is 9.28. Profit margin for the company is 7.98%. Distance from 52-week low is 78.79% and -3.78% from its 52-week high. The company has generated returns on investments over the last 12 months (2.38%).

Keycorp quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $1.51B over the same period.The EPS is expected to grow by 3.24% this year, but quarterly earnings will post -0.20% year-over-year. Quarterly sales are estimated to shrink -15.50% in year-over-year returns.

Keycorp (KEY) Top Institutional Holders

1,073 institutions hold shares in Keycorp (KEY), with institutional investors hold 82.93% of the company’s shares. The shares outstanding are 936.56M, and float is at 929.84M with Short Float at 2.86%. Institutions hold 82.63% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 110.59 million shares valued at $1.02 billion. The investor’s holdings represent 11.82% of the KEY Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 93.94 million shares valued at $867.98 million to account for 10.04% of the shares outstanding. The other top investors are State Street Corporation which holds 47.19 million shares representing 5.04% and valued at over $436.06 million, while Fuller & Thaler Asset Management Inc. holds 3.35% of the shares totaling 31.35 million with a market value of $289.67 million.

Keycorp (KEY) Insider Activity

The most recent transaction is an insider sale by Highsmith Carlton L,the company’sDirector. SEC filings show that Highsmith Carlton L sold 7,500 shares of the company’s common stock on Mar 08 ’24 at a price of $15.10 per share for a total of $0.11 million. Following the sale, the insider now owns 53577.0 shares.

Keycorp disclosed in a document filed with the SEC on Feb 16 ’24 that Gavrity Kenneth C (Head of Commercial Bank) sold a total of 2,376 shares of the company’s common stock. The trade occurred on Feb 16 ’24 and was made at $14.03 per share for $33335.0. Following the transaction, the insider now directly holds 98120.0 shares of the KEY stock.

Still, SEC filings show that on Feb 15 ’24, Schosser Douglas M (Chief Accounting Officer) disposed off 3,326 shares at an average price of $14.00 for $46564.0. The insider now directly holds 19,795 shares of Keycorp (KEY).

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