Brokers Issue Forecasts for KeyCorp's FY2025 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY - Free Report) - Analysts at DA Davidson cut their FY2025 earnings per share estimates for KeyCorp in a research note issued on Thursday, October 3rd. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings per share of $1.58 for the year, down from their prior estimate of $1.64. DA Davidson has a "Buy" rating and a $18.00 price target on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.10 per share.

A number of other analysts have also recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on KeyCorp from $17.50 to $16.50 and set a "neutral" rating for the company in a research report on Thursday, June 27th. Evercore ISI boosted their price target on KeyCorp from $18.50 to $20.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 price target on shares of KeyCorp in a research report on Tuesday, August 13th. UBS Group cut KeyCorp from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $16.00 to $15.00 in a research report on Monday, July 8th. Finally, Wedbush boosted their price target on KeyCorp from $17.00 to $18.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.91.

KeyCorp Stock Down 0.1 %

KEY traded down $0.01 during trading on Monday, reaching $16.77. 6,195,456 shares of the stock traded hands, compared to its average volume of 14,548,951. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 21.27, a price-to-earnings-growth ratio of 0.90 and a beta of 1.25. KeyCorp has a fifty-two week low of $9.50 and a fifty-two week 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 stock's 50-day simple moving average is $16.18 and its two-hundred day simple moving average is $15.23.

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

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid 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 yield of 4.89%. KeyCorp's dividend payout ratio is 103.80%.

Insider Activity at KeyCorp

In related news, Director Carlton L. Highsmith sold 10,000 shares of the business's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $16.21, for a total transaction of $162,100.00. Following the transaction, the director now directly owns 46,864 shares in the company, valued at $759,665.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company's stock.

Institutional Investors Weigh In On KeyCorp

A number of institutional investors have recently added to or reduced their stakes in KEY. Pathway Financial Advisers LLC acquired a new stake in KeyCorp during the first quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in shares of KeyCorp in the 1st quarter worth approximately $32,000. Quarry LP acquired a new position in shares of KeyCorp in the 4th quarter worth approximately $38,000. Fidelis Capital Partners LLC acquired a new position in shares of KeyCorp in the 1st quarter worth approximately $39,000. Finally, Centerpoint Advisors LLC boosted its holdings in shares of KeyCorp by 127.7% in the 1st quarter. Centerpoint Advisors LLC now owns 3,757 shares of the financial services provider's stock worth $59,000 after acquiring an additional 2,107 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Company Profile

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.