Company profile

Ticker
KEY
Exchange
Website
CEO
Beth Elaine Mooney
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
Keycorp, Society Corp
SEC CIK
IRS number
346542451

KEY stock data

(
)

Calendar

4 May 20
12 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 1.47B 1.64B 1.63B 1.61B
Net income 146M 469M 416M 425M
Diluted EPS
Net profit margin 9.96% 28.63% 25.52% 26.38%
Operating income* 438M 847M 828M 858M
Net change in cash 133M 96M 29M -4M
Cash on hand 865M 732M 636M 607M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 6.4B 6.46B 6.31B 5.02B
Net income 1.72B 1.87B 1.3B 790M
Net profit margin 26.83% 28.91% 20.58% 15.72%
Operating income* 3.35B 3.17B 2.54B 1.37B
Net change in cash 54M 7M -6M
Cash on hand 732M 678M 671M 677M

Financial data from Keycorp earnings reports. *Asterisk values are approximate.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
1 Jul 20 Gillis Ruth Ann M Common Shares Option exercise Aquire M No 0 7,601 0 27,512
1 Jul 20 Gillis Ruth Ann M Deferred Shares Common Shares Option exercise Dispose M No 0 7,601 0 46,098
30 Jun 20 Alexander M Cutler Deferred Shares Common Shares Grant Aquire A No 12.18 1,539 18.75K 69,189
30 Jun 20 Snyder Barbara R Deferred Shares Common Shares Grant Aquire A No 12.18 2,018 24.58K 125,320
30 Jun 20 Manos Kristen L Deferred Shares Common Shares Grant Aquire A No 12.18 2,052 24.99K 99,192
26 May 20 Highsmith Carlton L Common Shares Buy Aquire P No 11.89 2,000 23.78K 66,874
79.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 712 780 -8.7%
Opened positions 71 111 -36.0%
Closed positions 139 71 +95.8%
Increased positions 252 250 +0.8%
Reduced positions 283 276 +2.5%
13F shares
Current Prev Q Change
Total value 68.47B 126.73B -46.0%
Total shares 774.08M 792.78M -2.4%
Total puts 1.6M 2.37M -32.4%
Total calls 2.18M 2.63M -17.0%
Total put/call ratio 0.7 0.9 -18.5%
Largest owners
Shares Value Change
Vanguard 118.09M $1.22B +3.8%
BLK BlackRock 81.85M $848.78M +1.0%
STT State Street 48.02M $497.96M -3.1%
JPM JPMorgan Chase & Co. 41.22M $427.46M +5.6%
Capital World Investors 39.73M $412.04M -1.6%
Boston Partners 29.35M $304.19M +28.9%
FMR 20.77M $215.36M +5.3%
Geode Capital Management 16.53M $171.13M +2.7%
IVZ Invesco 13.8M $143.15M -5.0%
BAC Bank of America 13.24M $137.32M -7.3%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -9.25M EXIT
Citadel Advisors 6.82M -7.13M -51.1%
Boston Partners 29.35M +6.59M +28.9%
APG Asset Management 531.32K -6.11M -92.0%
PUK Prudential 4.63M +4.63M NEW
Vanguard 118.09M +4.34M +3.8%
Manufacturers Life Insurance Company, The 9.72M -3.87M -28.5%
GS The Goldman Sachs Group, Inc. 4.15M -3.44M -45.3%
Carlson Capital L P 3.41M +3.41M NEW
Miller Howard Investments 2.98M +2.98M NEW

Financial report summary

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Risks
  • The COVID-19 global pandemic could result in a deterioration of asset quality and an increase in credit losses.
  • Oil prices have declined significantly, which could lead to increased credit losses in our oil and gas loan portfolio.
  • The COVID-19 global pandemic has resulted in increased operational risks.
  • The COVID-19 global pandemic may continue to cause uncertainty in markets and may result in an increase in our cost of funds.
  • The impact of the COVID-19 global pandemic has resulted in economic disruption related to interest rate risk and market risk.
Management Discussion
  • One of our principal sources of revenue is net interest income. Net interest income is the difference between interest income received on earning assets (such as loans and securities) and loan-related fee income, and interest expense paid on deposits and borrowings. There are several factors that affect net interest income, including:
  • To make it easier to compare both the results among several periods and the yields on various types of earning assets (some taxable, some not), we present net interest income in this discussion on a “TE basis” (i.e., as if all income were taxable and at the same rate). For example, $100 of tax-exempt income would be presented as $126, an amount that, if taxed at the statutory federal income tax rate of 21%, would yield $100. Prior to 2018, $100 of tax-exempt income would be presented as $154, an amount that, if taxed at the previous statutory federal income tax rate of 35%, would yield $100.
  • Figure 1 shows the various components of our balance sheet that affect interest income and expense, and their respective yields or rates over the past five years. This figure also presents a reconciliation of TE net interest income to net interest income reported in accordance with GAAP for each of those years. The net interest margin, which is an indicator of the profitability of our earning assets less the cost of funding, is calculated by dividing taxable-equivalent net interest income by average earning assets.
Content analysis ?
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