Research Analysts Set Expectations for KeyCorp Q2 Earnings

KeyCorp (NYSE:KEY - Free Report) - DA Davidson issued their Q2 2025 earnings per share (EPS) estimates for KeyCorp in a research report issued to clients and investors on Monday, April 21st. DA Davidson analyst P. Winter expects that the financial services provider will earn $0.36 per share for the quarter. DA Davidson has a "Buy" rating and a $21.00 price target on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. DA Davidson also issued estimates for KeyCorp's FY2025 earnings at $1.43 EPS.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. KeyCorp had a negative net margin of 2.52% and a positive return on equity of 8.73%. The company had revenue of $1.77 billion during the quarter, compared to analysts' expectations of $1.77 billion. During the same period last year, the company posted $0.20 EPS.

A number of other equities research analysts have also recently commented on KEY. StockNews.com raised KeyCorp from a "sell" rating to a "hold" rating in a research note on Monday, April 21st. Baird R W raised shares of KeyCorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Stephens restated an "overweight" rating and set a $20.00 price objective on shares of KeyCorp in a research note on Wednesday, January 22nd. Wells Fargo & Company reiterated an "overweight" rating on shares of KeyCorp in a report on Thursday, April 17th. Finally, Barclays decreased their price objective on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a report on Monday, April 21st. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.15.

KeyCorp Stock Down 1.0 %

Shares of KEY traded down $0.15 during mid-day trading on Tuesday, reaching $14.72. The company had a trading volume of 8,052,209 shares, compared to its average volume of 12,858,678. KeyCorp has a 52 week low of $12.73 and a 52 week high of $20.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of -49.07, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The firm has a 50-day moving average price of $15.42 and a 200 day moving average price of $17.06.

Institutional Investors Weigh In On KeyCorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Whittier Trust Co. raised its stake in KeyCorp by 110.3% during the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock valued at $26,000 after purchasing an additional 800 shares during the period. Ethos Financial Group LLC bought a new stake in shares of KeyCorp during the fourth quarter valued at approximately $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of KeyCorp during the fourth quarter valued at approximately $28,000. SBI Securities Co. Ltd. purchased a new position in shares of KeyCorp in the fourth quarter worth $34,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of KeyCorp during the first quarter worth $34,000. 79.69% of the stock is owned by institutional investors.

Insider Buying and Selling at KeyCorp

In other news, insider Mohit Ramani purchased 10,000 shares of the stock in a transaction on Monday, April 21st. The shares were acquired at an average price of $13.75 per share, with a total value of $137,500.00. Following the completion of the acquisition, the insider now directly owns 10,000 shares of the company's stock, valued at $137,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the purchase, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This represents a 0.03 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 60,180 shares of company stock valued at $1,032,525. Insiders own 0.52% of the company's stock.

KeyCorp announced that its Board of Directors has initiated a share repurchase plan on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

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.