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

KeyCorp (NYSE:KEY - Free Report) - Equities researchers at Zacks Research lowered their Q1 2026 EPS estimates for KeyCorp in a research note issued to investors on Tuesday, April 1st. Zacks Research analyst R. Department now expects that the financial services provider will earn $0.38 per share for the quarter, down from their previous estimate of $0.39. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp's Q1 2027 earnings at $0.43 EPS and FY2027 earnings at $1.86 EPS.

KEY has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on KeyCorp from $18.50 to $16.50 and set a "neutral" rating for the company in a report on Thursday. Citigroup lowered their target price on shares of KeyCorp from $20.00 to $19.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Morgan Stanley cut their price target on KeyCorp from $22.00 to $20.00 and set an "equal weight" rating for the company in a research note on Thursday, March 13th. Stephens reiterated an "overweight" rating and set a $20.00 price target on shares of KeyCorp in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods cut their price objective on KeyCorp from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, January 22nd. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.31.

Remove Ads

KeyCorp Stock Performance

Shares of KEY stock traded down $0.67 on Wednesday, hitting $13.45. The company had a trading volume of 23,356,702 shares, compared to its average volume of 12,715,053. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The firm has a market cap of $14.74 billion, a P/E ratio of -44.83, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06. The company has a 50-day moving average price of $16.67 and a 200-day moving average price of $17.37.

Hedge Funds Weigh In On KeyCorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 111 Capital acquired a new stake in shares of KeyCorp in the 4th quarter worth $238,000. Wealth Enhancement Advisory Services LLC increased its position in KeyCorp by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,451 shares of the financial services provider's stock worth $1,756,000 after purchasing an additional 18,790 shares during the last quarter. Centaurus Financial Inc. raised its stake in KeyCorp by 11.2% during the fourth quarter. Centaurus Financial Inc. now owns 7,218 shares of the financial services provider's stock worth $124,000 after purchasing an additional 728 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in KeyCorp during the fourth quarter worth about $7,141,000. Finally, LifeWealth Investments LLC acquired a new position in KeyCorp in the 4th quarter valued at about $362,000. Institutional investors and hedge funds own 79.69% of the company's stock.

Insider Buying and Selling

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were acquired at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by company insiders.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Tuesday, March 4th. KeyCorp's dividend payout ratio is currently -273.33%.

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

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.