KeyCorp (NYSE:KEY) Forecasted to Post Q2 2025 Earnings of $0.36 Per Share

KeyCorp (NYSE:KEY - Free Report) - Research analysts at Wedbush reduced their Q2 2025 earnings per share estimates for KeyCorp in a report issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini now expects that the financial services provider will earn $0.36 per share for the quarter, down from their prior forecast of $0.40. Wedbush has a "Neutral" rating and a $18.00 price target on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.09 per share. Wedbush also issued estimates for KeyCorp's Q3 2025 earnings at $0.40 EPS and Q4 2025 earnings at $0.42 EPS.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. KeyCorp had a net margin of 7.35% and a return on equity of 8.64%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period last year, the business earned $0.27 EPS. KeyCorp's revenue for the quarter was down 4.3% compared to the same quarter last year.

A number of other equities analysts have also recently commented on KEY. Jefferies Financial Group lifted their target price on shares of KeyCorp from $18.00 to $19.00 and gave the company a "buy" rating in a report on Monday, August 19th. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $18.00 target price on shares of KeyCorp in a research note on Tuesday, September 10th. JPMorgan Chase & Co. cut their price target on KeyCorp from $17.50 to $16.50 and set a "neutral" rating for the company in a research note on Thursday, June 27th. UBS Group downgraded shares of KeyCorp from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Monday, July 8th. Finally, Morgan Stanley lifted their target price on shares of KeyCorp from $18.00 to $20.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.71.

KeyCorp Stock Performance

Shares of KEY traded up $0.17 during midday trading on Thursday, reaching $16.55. 7,338,634 shares of the stock were exchanged, compared to its average volume of 14,809,663. KeyCorp has a twelve month low of $9.50 and a twelve month high of $17.39. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 0.92 and a beta of 1.25. The business's 50-day moving average price is $16.09 and its 200 day moving average price is $15.14.

Hedge Funds Weigh In On KeyCorp

Several large investors have recently added to or reduced their stakes in the business. Ceredex Value Advisors LLC boosted its holdings in shares of KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock valued at $94,459,000 after purchasing an additional 3,517,755 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in KeyCorp in the first quarter valued at $42,857,000. Balyasny Asset Management L.P. grew its position in KeyCorp by 26,297.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,708,664 shares of the financial services provider's stock valued at $39,005,000 after acquiring an additional 2,698,403 shares during the period. National Bank of Canada FI increased its stake in KeyCorp by 1,051.3% during the first quarter. National Bank of Canada FI now owns 2,569,771 shares of the financial services provider's stock worth $38,752,000 after acquiring an additional 2,346,565 shares during the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of KeyCorp in the 2nd quarter worth about $33,273,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at KeyCorp

In other news, Director Carlton L. Highsmith sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the transaction, the director now owns 46,864 shares of the company's stock, valued at $759,665.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.61% of the company's stock.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $0.82 annualized dividend and a dividend yield of 4.95%. KeyCorp's dividend payout ratio is currently 103.80%.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.