KEY Trading Below Director's Recent Buy Price

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 10, KeyCorp's Director, Devina A. Rankin, invested $114,900.00 into 10,000 shares of KEY, for a cost per share of $11.49. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of KeyCorp (Symbol: KEY) and achieve a cost basis 2.2% cheaper than Rankin, with shares changing hands as low as $11.24 per share. It should be noted that Rankin has collected $0.20/share in dividends since the time of their purchase, so they are currently down 0.4% on their purchase from a total return basis. KeyCorp shares are currently trading down about 1.1% on the day. The chart below shows the one year performance of KEY shares, versus its 200 day moving average:

{{ InlineImage1 }}

Looking at the chart above, KEY's low point in its 52 week range is $8.535 per share, with $20.30 as the 52 week high point — that compares with a last trade of $11.23. By comparison, below is a table showing the prices at which KEY insider buying was recorded over the last six months:

The current annualized dividend paid by KeyCorp is $0.82/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 08/28/2023. Below is a long-term dividend history chart for KEY, which can be of good help in judging whether the most recent dividend with approx. 7.2% annualized yield is likely to continue.

{{ InlineImage2 }}

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

Also see: