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Keycorp (KEY) Looks Ready for Growth Despite -1.25% Change This Year

Keycorp (NYSE: KEY) is -1.25% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KEY stock was last observed hovering at around $14.43 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $14.22, the stock is -5.76% and -2.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.12 million and changing -1.46% at the moment leaves the stock 13.26% off its SMA200. KEY registered 17.62% gain for a year compared to 6-month gain of 35.95%.

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The stock witnessed a -1.80% loss in the last 1 month and extending the period to 3 months gives it a 2.16%, and is -8.44% down 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 3.31% over the week and 2.68% over the month.

Current P/E ratio is 16.09 and Fwd P/E is 8.65. Profit margin for the company is 7.98%. Distance from 52-week low is 66.61% and -10.34% from its 52-week high. The company has generated returns on investments over the last 12 months (2.38%).

The EPS is expected to grow by 3.07% this year.

Keycorp (KEY) Top Institutional Holders

The shares outstanding are 936.56M, and float is at 929.83M with Short Float at 3.01%.

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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