KeyCorp Declares Quarterly Cash Dividend on Common Shares and Preferred Stocks.
The company is so far trading down by -0.47 percent from yesterday’s close.
Additionally KeyCorp announced a dividend paid on Thursday the 15th of June 2017. The dividend payment was $0.095 per share for the quarter or $0.38 on an annualized basis. This dividend amount represented a yeild of $1.98. The ex-dividend date was Thursday the 25th of May 2017.
KeyCorp, launched on December 31, 1958, is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is involved in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients. The Business’s segments include Key Community Bank and Key Corporate Bank. Its Other Segments consist of corporate treasury, principal investing unit and various exit portfolios..
Shares last traded at $19.15 a tad above the 50 day moving average of $18.14 and which is just over the 200 day moving average of $18.20. The 50 day moving average moved up $1.01 and the 200 day average was up $0.95.
The P/E ratio is currently 22.29 and the market cap of the company is 20.99B. In the last earnings report the EPS was $0.86 and is expected to be $1.33 for the current year with 1,096,107,000 shares currently outstanding. Next quarter’s EPS is expected be $0.36 with next year’s EPS anticipated to be $1.58.
Several Wall Street analysts have released opinions on KEY. On July 11 the company was changed to a “Outperform” according to a Keefe Bruyette & Woods report which was a boost from the previous “Market Perform” rating. On July 10 the company was upgraded to “Buy” from “Buy” in a report from UBS.
November 30 investment analysts at Deutsche Bank kept the stock rating at “Hold” and raised the price target to $18.00 from $13.00. On November 29, 2016 the stock rating was rated “Market Perform” by Keefe Bruyette & Woods which is down from the previous “Outperform” rating.
On November 21 the stock rating was downgraded from “Buy” to “Hold” in an announcement from Standpoint Research. On November 16 the company was downgraded to “Market Perform” from “Outperform” and a price target of $19.00 was set in a report issued by Bernstein.