FY2024 EPS Estimates for KeyCorp Raised by Zacks Research

KeyCorp (NYSE:KEY) – Investment analysts at Zacks Research raised their FY2024 earnings per share estimates for shares of KeyCorp in a research note issued to investors on Thursday, December 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $1.09 per share for the year, up from their previous forecast of $1.08. The consensus estimate for KeyCorp’s current full-year earnings is $1.09 per share. Zacks Research also issued estimates for KeyCorp’s Q3 2025 earnings at $0.40 EPS, FY2025 earnings at $1.53 EPS and FY2026 earnings at $1.74 EPS.

Other analysts also recently issued reports about the company. Citigroup downgraded KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Thursday, November 7th. Wells Fargo & Company upped their target price on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Evercore ISI boosted their price objective on shares of KeyCorp from $18.50 to $20.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Finally, UBS Group lifted their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, KeyCorp currently has a consensus rating of “Moderate Buy” and an average target price of $19.16.

KeyCorp Trading Up 0.4 %

Shares of KeyCorp stock opened at $18.20 on Monday. The business has a 50 day moving average price of $18.27 and a 200 day moving average price of $16.42. The company has a market capitalization of $18.04 billion, a P/E ratio of 1,820.00, a P/E/G ratio of 1.00 and a beta of 1.25. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. KeyCorp has a 1 year low of $12.94 and a 1 year high of $20.04.

KeyCorp (NYSE:KEY) last announced 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 company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%.

Institutional Trading of KeyCorp

A number of hedge funds and other institutional investors have recently modified their holdings of KEY. Wolff Wiese Magana LLC boosted its stake in KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of KeyCorp in the 3rd quarter valued at about $28,000. Larson Financial Group LLC grew its stake in KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in KeyCorp in the third quarter valued at about $35,000. Finally, Capital Performance Advisors LLP acquired a new stake in KeyCorp during the third quarter valued at approximately $38,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were 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 of the company’s stock, valued at approximately $4,595,461.38. This represents a 6.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carlton L. Highsmith sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total value of $154,260.00. Following the completion of the transaction, the director now directly owns 37,864 shares in the company, valued at $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

KeyCorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.82 annualized dividend and a yield of 4.51%. KeyCorp’s dividend payout ratio is presently 8,200.00%.

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.