KeyCorp (NYSE:KEY) Expected to Earn Q2 2024 Earnings of $0.26 Per Share

KeyCorp (NYSE:KEY) – Analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of KeyCorp in a report released on Friday, April 19th. DA Davidson analyst P. Winter expects that the financial services provider will earn $0.26 per share for the quarter. DA Davidson currently has a “Buy” rating and a $16.00 target price on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.17 per share. DA Davidson also issued estimates for KeyCorp’s FY2024 earnings at $1.13 EPS and FY2025 earnings at $1.63 EPS.

A number of other equities analysts also recently commented on KEY. Jefferies Financial Group upped their target price on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. upped their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Evercore ISI upped their price target on shares of KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. Wells Fargo & Company upped their price target on shares of KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Finally, Barclays lowered their price target on shares of KeyCorp from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.71.

KeyCorp Price Performance

Shares of KEY stock opened at $14.73 on Monday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.87 and a quick ratio of 0.87. The company has a market capitalization of $13.66 billion, a P/E ratio of 18.64 and a beta of 1.29. The company’s 50-day simple moving average is $14.72 and its two-hundred day simple moving average is $13.49. KeyCorp has a one year low of $8.53 and a one year high of $15.86.

KeyCorp (NYSE:KEY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share.

Insider Transactions at KeyCorp

In other news, Director Trina M. Evans sold 12,335 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total value of $175,527.05. Following the sale, the director now owns 81,622 shares in the company, valued at $1,161,481.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Angela G. Mago sold 3,405 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.24, for a total transaction of $48,487.20. Following the sale, the insider now owns 214,630 shares in the company, valued at $3,056,331.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Trina M. Evans sold 12,335 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $14.23, for a total transaction of $175,527.05. Following the sale, the director now owns 81,622 shares in the company, valued at approximately $1,161,481.06. The disclosure for this sale can be found here. Insiders have sold 21,442 shares of company stock worth $303,914 over the last 90 days. 0.67% of the stock is currently owned by company insiders.

Institutional Trading of KeyCorp

Several institutional investors have recently modified their holdings of the stock. CWM LLC raised its stake in shares of KeyCorp by 35.5% in the 3rd quarter. CWM LLC now owns 50,138 shares of the financial services provider’s stock valued at $539,000 after acquiring an additional 13,144 shares during the period. Ronald Blue Trust Inc. raised its stake in shares of KeyCorp by 260.5% in the 3rd quarter. Ronald Blue Trust Inc. now owns 10,014 shares of the financial services provider’s stock valued at $108,000 after acquiring an additional 7,236 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of KeyCorp by 17.1% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 13,909 shares of the financial services provider’s stock valued at $150,000 after acquiring an additional 2,035 shares during the period. Kentucky Retirement Systems purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $775,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of KeyCorp in the 3rd quarter valued at approximately $346,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

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.