Zacks Research Weighs in on KeyCorp's Q1 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY - Free Report) - Equities research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of KeyCorp in a research report issued to clients and investors on Wednesday, February 26th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.34. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp's Q3 2025 earnings at $0.37 EPS, Q4 2025 earnings at $0.39 EPS, FY2025 earnings at $1.47 EPS, FY2026 earnings at $1.69 EPS and FY2027 earnings at $1.90 EPS.

A number of other research firms have also commented on KEY. JPMorgan Chase & Co. restated a "neutral" rating and set a $18.50 price target on shares of KeyCorp in a research report on Monday, February 3rd. Piper Sandler upped their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 3rd. Stephens reiterated an "overweight" rating and issued a $20.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Wells Fargo & Company upped their target price on shares of KeyCorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Citigroup lowered shares of KeyCorp from a "buy" rating to a "neutral" rating and set a $19.00 target price for the company. in a research report on Thursday, November 7th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, KeyCorp presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.69.

KeyCorp Price Performance

Shares of KEY traded down $0.37 during mid-day trading on Friday, reaching $16.95. 12,074,329 shares of the stock traded hands, compared to its average volume of 12,431,831. The firm has a fifty day moving average price of $17.47 and a 200 day moving average price of $17.50. The company has a market cap of $18.73 billion, a price-to-earnings ratio of -56.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.77. KeyCorp has a 1 year low of $13.10 and a 1 year high of $20.04.

Hedge Funds Weigh In On KeyCorp

A number of institutional investors have recently bought and sold shares of KEY. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in KeyCorp in the fourth quarter worth about $7,141,000. LifeWealth Investments LLC purchased a new stake in KeyCorp in the fourth quarter worth about $362,000. B. Riley Wealth Advisors Inc. grew its holdings in KeyCorp by 17.0% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 30,516 shares of the financial services provider's stock worth $523,000 after purchasing an additional 4,432 shares during the period. AlphaCore Capital LLC grew its holdings in KeyCorp by 38.8% in the fourth quarter. AlphaCore Capital LLC now owns 12,587 shares of the financial services provider's stock worth $216,000 after purchasing an additional 3,521 shares during the period. Finally, Mackenzie Financial Corp grew its holdings in KeyCorp by 4.7% in the fourth quarter. Mackenzie Financial Corp now owns 280,479 shares of the financial services provider's stock worth $4,807,000 after purchasing an additional 12,701 shares during the period. 79.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average cost of $17.85 per share, with a total value of $892,500.00. Following the completion of the purchase, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Tuesday, March 4th. KeyCorp's dividend payout ratio (DPR) is -273.33%.

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.