FY2024 EPS Estimates for KeyCorp Increased by Zacks Research

KeyCorp (NYSE:KEY) – Analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of KeyCorp in a report released on Thursday, December 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $1.09 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.

A number of other equities analysts have also recently commented on KEY. Piper Sandler lifted their target price on shares of KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Royal Bank of Canada lifted their price objective on KeyCorp from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a report on Thursday, November 7th. Robert W. Baird lowered KeyCorp from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Finally, DA Davidson boosted their price objective on KeyCorp from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.16.

KeyCorp Stock Down 2.2 %

Shares of KEY opened at $17.81 on Monday. The firm has a market cap of $17.65 billion, a P/E ratio of 1,780.50, a P/E/G ratio of 1.00 and a beta of 1.25. KeyCorp has a 1 year low of $12.94 and a 1 year high of $20.04. The stock has a 50 day simple moving average of $18.29 and a two-hundred day simple moving average of $16.44. 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 (NYSE:KEY) last posted its quarterly earnings data 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. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion.

KeyCorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd were given a $0.205 dividend. The ex-dividend date of this dividend was Tuesday, December 3rd. This represents a $0.82 annualized dividend and a dividend yield of 4.61%. KeyCorp’s dividend payout ratio is 8,200.00%.

Insider Activity

In related news, insider Angela G. Mago sold 15,011 shares of KeyCorp stock in a transaction dated 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 transaction, the insider now directly owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. The trade was a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its holdings in KeyCorp by 340.0% in the 3rd quarter. Franklin Resources Inc. now owns 413,011 shares of the financial services provider’s stock worth $7,186,000 after acquiring an additional 319,155 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in KeyCorp in the 3rd quarter worth about $395,000. Sanctuary Advisors LLC lifted its stake in KeyCorp by 23.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 71,218 shares of the financial services provider’s stock valued at $1,193,000 after acquiring an additional 13,701 shares during the period. Unigestion Holding SA purchased a new stake in shares of KeyCorp during the 3rd quarter valued at about $558,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of KeyCorp by 1,974.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,541,680 shares of the financial services provider’s stock valued at $25,823,000 after purchasing an additional 1,467,351 shares during the last quarter. 79.69% of the stock is owned by institutional investors.

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.