Zacks Research Weighs in on KeyCorp's Q2 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY - Free Report) - Equities research analysts at Zacks Research increased their Q2 2025 earnings per share estimates for shares of KeyCorp in a research note issued on Tuesday, April 1st. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $0.37 per share for the quarter, up from their prior forecast of $0.36. 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 $0.38 EPS.

Several other brokerages have also recently issued reports on KEY. Stephens restated an "overweight" rating and issued a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Morgan Stanley lowered their target price on KeyCorp from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. JPMorgan Chase & Co. reduced their price target on KeyCorp from $18.50 to $16.50 and set a "neutral" rating on the stock in a research report on Thursday. DA Davidson decreased their price target on KeyCorp from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. Finally, Wells Fargo & Company cut their price objective on KeyCorp from $22.00 to $20.00 and set an "overweight" rating on the stock in a research note on Friday, March 28th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.31.

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KeyCorp Trading Down 4.7 %

Shares of KeyCorp stock traded down $0.67 on Thursday, hitting $13.45. The stock had a trading volume of 23,356,702 shares, compared to its average volume of 12,715,053. The stock has a 50 day moving average of $16.67 and a 200 day moving average of $17.37. The firm has a market capitalization of $14.74 billion, a P/E ratio of -44.83, a PEG ratio of 0.65 and a beta of 1.06. KeyCorp has a twelve month low of $12.73 and a twelve month 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.

Institutional Investors Weigh In On KeyCorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Whittier Trust Co. increased its holdings in KeyCorp by 110.3% during the 4th quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider's stock worth $26,000 after purchasing an additional 800 shares in the last quarter. Ethos Financial Group LLC bought a new stake in KeyCorp during the fourth quarter worth $27,000. Fourth Dimension Wealth LLC purchased a new stake in KeyCorp in the 4th quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in KeyCorp during the 4th quarter valued at $34,000. Finally, TCTC Holdings LLC boosted its holdings in KeyCorp by 38.6% during the 4th quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock worth $38,000 after acquiring an additional 611 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company's stock.

Insiders Place Their Bets

In other KeyCorp news, Director Of Nova Scotia Bank acquired 50,000 shares of the stock in a transaction 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 completion of the acquisition, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This represents a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company's stock.

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

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 6.10%. The ex-dividend date of this dividend was Tuesday, March 4th. KeyCorp's payout ratio is -273.33%.

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.