KeyCorp (NYSE:KEY) – Investment analysts at B. Riley upped their Q1 2018 earnings per share estimates for shares of KeyCorp in a research note issued to investors on Thursday, Zacks Investment Research reports. B. Riley analyst S. Moss now anticipates that the financial services provider will earn $0.40 per share for the quarter, up from their previous estimate of $0.36. B. Riley also issued estimates for KeyCorp’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.80 EPS.
Other analysts have also issued reports about the stock. Stephens upgraded shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $23.00 target price on the stock in a research report on Thursday, December 14th. CIBC restated a “buy” rating on shares of KeyCorp in a research report on Friday, December 8th. Oppenheimer restated a “hold” rating on shares of KeyCorp in a research report on Friday, October 20th. Vining Sparks restated a “buy” rating and issued a $25.00 price target on shares of KeyCorp in a research report on Thursday, January 18th. Finally, Zacks Investment Research raised shares of KeyCorp from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Tuesday, December 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $22.07.
Shares of KeyCorp (NYSE:KEY) traded down $0.17 on Friday, reaching $21.76. 15,033,679 shares of the company traded hands, compared to its average volume of 8,760,000. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. KeyCorp has a 12-month low of $16.28 and a 12-month high of $22.22. The company has a market cap of $23,400.00, a P/E ratio of 19.43, a PEG ratio of 1.64 and a beta of 1.04.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter last year, the firm earned $0.31 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Securities Inc. raised its position in shares of KeyCorp by 0.7% in the second quarter. Comerica Securities Inc. now owns 11,535 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 83 shares during the period. Advisory Services Network LLC raised its position in shares of KeyCorp by 0.8% in the second quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after purchasing an additional 150 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of KeyCorp by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after purchasing an additional 216 shares during the period. Sterling Capital Management LLC increased its position in KeyCorp by 1.0% during the second quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock worth $1,408,000 after acquiring an additional 757 shares during the period. Finally, Moors & Cabot Inc. increased its position in KeyCorp by 3.8% during the second quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock worth $630,000 after acquiring an additional 1,230 shares during the period. 81.62% of the stock is currently owned by hedge funds and other institutional investors.
In other KeyCorp news, Director Elizabeth R. Gile bought 1,374 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the completion of the acquisition, the director now owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the transaction, the insider now owns 51,791 shares of the company’s stock, valued at approximately $1,098,487.11. The disclosure for this sale can be found here. 0.65% of the stock is owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be issued a $0.105 dividend. This represents a $0.42 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.
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KeyCorp Company Profile
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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