Zacks Research Estimates KeyCorp’s Q2 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY) – Stock analysts at Zacks Research increased their Q2 2027 earnings per share estimates for shares of KeyCorp in a report issued on Thursday, November 6th. Zacks Research analyst Team now anticipates that the financial services provider will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.44. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share.

Several other equities research analysts have also recently issued reports on the stock. Evercore ISI boosted their price objective on shares of KeyCorp from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. Jefferies Financial Group lowered their price target on KeyCorp from $20.00 to $18.00 and set a “hold” rating for the company in a report on Friday, October 17th. Citigroup reissued a “neutral” rating and issued a $20.00 price objective (up previously from $19.00) on shares of KeyCorp in a research note on Thursday, July 24th. TD Cowen raised their price objective on KeyCorp from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, October 3rd. Finally, DA Davidson lowered their target price on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, October 17th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $20.75.

KeyCorp Trading Up 2.7%

NYSE KEY opened at $18.07 on Monday. The stock has a market cap of $19.74 billion, a PE ratio of 22.30, a PEG ratio of 0.52 and a beta of 1.18. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04. The company’s 50-day moving average price is $18.27 and its 200-day moving average price is $17.50. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company posted ($0.47) EPS. KeyCorp’s quarterly revenue was up 172.7% on a year-over-year basis.

Insider Activity

In other news, insider Andrew J. Paine III sold 44,953 shares of KeyCorp stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.29, for a total value of $867,143.37. Following the transaction, the insider directly owned 245,044 shares in the company, valued at approximately $4,726,898.76. This trade represents a 15.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in KeyCorp by 7.2% in the first quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider’s stock worth $2,004,273,000 after purchasing an additional 8,412,625 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of KeyCorp by 40.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider’s stock worth $814,756,000 after buying an additional 14,651,281 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of KeyCorp by 12.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 30,511,720 shares of the financial services provider’s stock worth $487,882,000 after buying an additional 3,327,972 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of KeyCorp by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 24,676,571 shares of the financial services provider’s stock worth $428,084,000 after acquiring an additional 359,573 shares in the last quarter. Finally, Invesco Ltd. lifted its position in KeyCorp by 2.4% during the second quarter. Invesco Ltd. now owns 21,112,659 shares of the financial services provider’s stock valued at $367,783,000 after acquiring an additional 488,730 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

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.