KeyCorp (NYSE:KEY) – Wedbush issued their Q1 2019 earnings per share (EPS) estimates for KeyCorp in a note issued to investors on Friday. Wedbush analyst P. Winter expects that the financial services provider will post earnings of $0.43 per share for the quarter. Wedbush also issued estimates for KeyCorp’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.82 EPS.
A number of other research analysts have also recently issued reports on KEY. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $22.00 target price on shares of KeyCorp in a report on Wednesday, September 27th. Robert W. Baird reiterated a “hold” rating and issued a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Citigroup increased their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, October 9th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $21.00 price target on shares of KeyCorp in a research report on Thursday, October 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.98.
Shares of KeyCorp (NYSE KEY) traded up $0.22 during trading on Monday, reaching $21.61. 9,710,980 shares of the company’s stock were exchanged, compared to its average volume of 9,040,000. KeyCorp has a 12 month low of $16.28 and a 12 month high of $21.77. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.88 and a current ratio of 0.89. The stock has a market capitalization of $23,240.00, a PE ratio of 19.29, a PEG ratio of 1.58 and a beta of 1.09.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the company posted $0.31 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 dividend on an annualized basis and a yield of 1.94%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.
In other KeyCorp news, General Counsel Paul N. Harris sold 2,758 shares of KeyCorp stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Elizabeth R. Gile purchased 1,374 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the acquisition, the director now owns 24,989 shares in the company, valued at $455,549.47. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in shares of KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after purchasing an additional 1,765,263 shares during the last quarter. Boston Partners acquired a new position in shares of KeyCorp in the 3rd quarter valued at $356,111,000. Bessemer Group Inc. boosted its holdings in shares of KeyCorp by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 12,065,873 shares of the financial services provider’s stock valued at $227,079,000 after purchasing an additional 64,958 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of KeyCorp by 6,189.4% in the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock valued at $170,679,000 after purchasing an additional 8,962,913 shares during the last quarter. Finally, Voya Investment Management LLC boosted its holdings in shares of KeyCorp by 3.3% in the 2nd quarter. Voya Investment Management LLC now owns 8,168,757 shares of the financial services provider’s stock valued at $153,083,000 after purchasing an additional 261,568 shares during the last quarter. Institutional investors own 81.00% of the company’s stock.
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KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.
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