Today, the CAO of KeyCorp (NYSE: KEY), Douglas Schosser, sold shares of KEY for $130K.
This is Schosser’s first transaction since reporting a Buy transaction on ASB back in August 2008 In addition to Douglas Schosser, 3 other KEY executives reported Sell trades in the last month.
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Based on KeyCorp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.84 billion and quarterly net profit of $482 million. In comparison, last year the company earned revenue of $1.76 billion and had a net profit of $412 million. KEY’s market cap is $22.86B and the company has a P/E ratio of 16.48. Currently, KeyCorp has an average volume of 5.26M.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.70, reflecting a -8.3% downside. Five different firms, including Barclays and Bernstein, currently also have a Sell rating on the stock.
In the last 30 days, insiders have sold $1.69M worth of KEY shares and purchased $200K worth of KEY shares. The insider sentiment on KeyCorp has been negative according to 55 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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KeyCorp operates as bank holding company. It operates through its subsidiary, KeyBank National Association provides retail and commercial banking, commercial leasing, investment management, consumer finance and investment banking products and services to individual, corporate and institutional clients.
