What is Zacks Research's Forecast for KeyCorp Q4 Earnings?

KeyCorp (NYSE:KEY - Free Report) - Research analysts at Zacks Research dropped their Q4 2024 EPS estimates for KeyCorp in a research note issued to investors on Thursday, November 7th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $0.31 per share for the quarter, down from their prior forecast of $0.33. The consensus estimate for KeyCorp's current full-year earnings is $1.08 per share. Zacks Research also issued estimates for KeyCorp's Q1 2025 earnings at $0.33 EPS, Q1 2026 earnings at $0.39 EPS and FY2026 earnings at $1.78 EPS.

KEY has been the topic of a number of other reports. Royal Bank of Canada lifted their target price on KeyCorp from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, October 18th. Barclays lifted their target price on KeyCorp from $16.00 to $19.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 14th. Robert W. Baird cut KeyCorp from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Monday, October 14th. Finally, Morgan Stanley lifted their price target on KeyCorp from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 14th. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $17.79.

KeyCorp Price Performance

NYSE:KEY traded up $0.28 during mid-day trading on Monday, reaching $19.25. 6,622,956 shares of the stock were exchanged, compared to its average volume of 14,058,735. The business has a fifty day moving average price of $16.96 and a 200 day moving average price of $15.66. The firm has a market capitalization of $19.08 billion, a PE ratio of 1,940.00, a PEG ratio of 1.05 and a beta of 1.24. KeyCorp has a 1-year low of $10.73 and a 1-year high of $20.00. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09.

KeyCorp (NYSE:KEY - Get Free Report) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%.

Insider Buying and Selling at KeyCorp

In other news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total transaction of $294,065.49. Following the completion of the sale, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares in the company, valued at $648,988.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Angela G. Mago sold 15,011 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company's stock, valued at approximately $4,595,461.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,011 shares of company stock valued at $610,425 in the last 90 days. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KeyCorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board lifted its holdings in KeyCorp by 8.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 21,690,319 shares of the financial services provider's stock worth $342,924,000 after purchasing an additional 1,748,633 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in KeyCorp by 12.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 20,295,788 shares of the financial services provider's stock worth $288,403,000 after purchasing an additional 2,213,872 shares during the last quarter. Earnest Partners LLC lifted its holdings in KeyCorp by 23.2% in the 2nd quarter. Earnest Partners LLC now owns 12,430,048 shares of the financial services provider's stock worth $176,631,000 after purchasing an additional 2,339,454 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in KeyCorp by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 10,508,853 shares of the financial services provider's stock worth $149,299,000 after purchasing an additional 300,339 shares during the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in KeyCorp by 112.4% in the 2nd quarter. Ceredex Value Advisors LLC now owns 6,647,393 shares of the financial services provider's stock worth $94,459,000 after purchasing an additional 3,517,755 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.