KeyCorp (NYSE:KEY - Free Report) - Investment analysts at DA Davidson decreased their FY2024 earnings estimates for shares of KeyCorp in a report issued on Monday, October 21st. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $1.07 per share for the year, down from their prior estimate of $1.08. DA Davidson has a "Buy" rating and a $20.00 price objective on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.08 per share. DA Davidson also issued estimates for KeyCorp's Q4 2024 earnings at $0.31 EPS and FY2025 earnings at $1.56 EPS.
Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $18.00 price target on shares of KeyCorp in a report on Tuesday, September 10th. JPMorgan Chase & Co. dropped their price target on KeyCorp from $17.50 to $16.50 and set a "neutral" rating on the stock in a research report on Thursday, June 27th. Barclays lifted their price objective on KeyCorp from $16.00 to $19.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley increased their target price on KeyCorp from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 14th. Finally, Evercore ISI lifted their price target on shares of KeyCorp from $18.50 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $17.62.
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KeyCorp Trading Up 0.5 %
NYSE:KEY traded up $0.08 during mid-day trading on Tuesday, hitting $17.17. The company had a trading volume of 8,521,903 shares, compared to its average volume of 14,305,253. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.88. KeyCorp has a fifty-two week low of $9.50 and a fifty-two week high of $17.94. The firm has a market cap of $16.19 billion, a P/E ratio of 21.73, a P/E/G ratio of 0.97 and a beta of 1.25. The business's fifty day moving average is $16.67 and its two-hundred day moving average is $15.38.
Insider Buying and Selling
In other KeyCorp news, Director Carlton L. Highsmith sold 10,000 shares of the company's stock in a transaction 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by insiders.
Institutional Investors Weigh In On KeyCorp
Institutional investors have recently made changes to their positions in the company. Vontobel Holding Ltd. boosted its position in shares of KeyCorp by 2.1% in the third quarter. Vontobel Holding Ltd. now owns 33,728 shares of the financial services provider's stock valued at $565,000 after acquiring an additional 679 shares during the period. Valeo Financial Advisors LLC boosted its holdings in KeyCorp by 1.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 69,213 shares of the financial services provider's stock valued at $1,094,000 after purchasing an additional 704 shares during the period. Raymond James Trust N.A. grew its position in shares of KeyCorp by 2.5% during the 2nd quarter. Raymond James Trust N.A. now owns 30,155 shares of the financial services provider's stock worth $429,000 after purchasing an additional 724 shares in the last quarter. Caldwell Sutter Capital Inc. increased its holdings in shares of KeyCorp by 3.7% during the first quarter. Caldwell Sutter Capital Inc. now owns 20,927 shares of the financial services provider's stock worth $331,000 after purchasing an additional 742 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in shares of KeyCorp by 0.5% in the first quarter. Texas Permanent School Fund Corp now owns 193,354 shares of the financial services provider's stock valued at $3,057,000 after buying an additional 894 shares in the last quarter. Institutional investors own 79.69% of the company's stock.
About KeyCorp
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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.
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