KeyCorp [NYSE: KEY] jumped around 0.36 points on Friday, while shares priced at $11.25 at the close of the session, up 3.31%. The company report on September 8, 2023 at 11:05 AM that KEY FAMILY WEALTH AWARDED BEST CLIENT INITIATIVE FOR A FAMILY OFFICE FROM WEALTHMANAGEMENT.COM.
Key Family Wealth, the family office division of Key Private Bank, announced it has received a 2023 Wealth Management “Family Office” Industry Award, recognizing the best client initiative in wealth management.
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Key Family Wealth was selected for “Family Office Best Client Initiative” from a shortlist of three exceptional family office firms. The award recognizes Key Family Wealth’s family governance framework which has helped to better prepare family members to responsibly manage generational wealth. Our enhanced, highly customizable Key Family Wealth Milestone experience ensures that the preservation of a family’s legacy is rooted in their shared history and vision, now and for years to come.
KeyCorp stock is now -35.42% down from its year-to-date (YTD) trading value. KEY Stock saw the intraday high of $11.26 and lowest of $10.76 per share. The company’s 52-week high price is 20.30, which means current price is +31.81% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 17.57M shares, KEY reached a trading volume of 11445556 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about KeyCorp [KEY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KEY shares is $13.09 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KEY stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for KeyCorp shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 02, 2023.
The Average True Range (ATR) for KeyCorp is set at 0.41, with the Price to Sales ratio for KEY stock in the period of the last 12 months amounting to 1.46. The Price to Book ratio for the last quarter was 0.92, with the Price to Cash per share for the same quarter was set at 3.76. Price to Free Cash Flow for KEY in the course of the last twelve months was 2.11.
How has KEY stock performed recently?
KeyCorp [KEY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.71. With this latest performance, KEY shares dropped by -2.26% in over the last four-week period, additionally sinking by -29.99% over the last 6 months – not to mention a drop of -36.69% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KEY stock in for the last two-week period is set at 52.08, with the RSI for the last a single of trading hit 52.96, and the three-weeks RSI is set at 51.89 for KeyCorp [KEY]. The present Moving Average for the last 50 days of trading for this stock 11.02, while it was recorded at 11.25 for the last single week of trading, and 13.60 for the last 200 days.
KeyCorp [KEY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and KeyCorp [KEY] shares currently have an operating margin of +29.04. KeyCorp’s Net Margin is presently recorded at +23.79.
Return on Total Capital for KEY is now 6.33, given the latest momentum, and Return on Invested Capital for the company is 6.33. Return on Equity for this stock inclined to 12.38, with Return on Assets sitting at 1.01. When it comes to the capital structure of this company, KeyCorp [KEY] has a Total Debt to Total Equity ratio set at 218.31. Additionally, KEY Total Debt to Total Capital is recorded at 68.58, with Total Debt to Total Assets ending up at 15.47. Long-Term Debt to Equity for the company is recorded at 180.50, with the Long-Term Debt to Total Capital now at 46.17.
Earnings analysis for KeyCorp [KEY]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KEY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for KeyCorp go to -5.80%.
Insider trade positions for KeyCorp [KEY]
The top three institutional holders of KEY stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in KEY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in KEY stock with ownership which is approximately 5.7381%.
