KeyCorp (NYSE:KEY – Free Report) – Analysts at DA Davidson increased their Q4 2024 EPS estimates for shares of KeyCorp in a research report issued on Thursday, December 19th. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings per share of $0.33 for the quarter, up from their previous forecast of $0.31. DA Davidson has a “Buy” rating and a $20.00 price target on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.09 per share.
A number of other research firms have also weighed in on KEY. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research note on Thursday, November 7th. Wedbush lifted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. The Goldman Sachs Group increased their target price on KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on KeyCorp from $19.00 to $22.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada raised their price objective on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.16.
KeyCorp Price Performance
Shares of KEY stock opened at $17.09 on Friday. The stock has a market capitalization of $16.94 billion, a price-to-earnings ratio of 1,709.00, a P/E/G ratio of 1.00 and a beta of 1.25. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.09. KeyCorp has a twelve month low of $12.94 and a twelve month high of $20.04. The stock has a fifty day simple moving average of $18.29 and a two-hundred day simple moving average of $16.49.
KeyCorp (NYSE:KEY – Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.03. KeyCorp had a net margin of 0.76% and a return on equity of 8.24%. The firm had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion.
Institutional Trading of KeyCorp
Institutional investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC grew its stake in shares of KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,142 shares in the last quarter. American Capital Advisory LLC purchased a new stake in KeyCorp during the 3rd quarter worth approximately $28,000. Larson Financial Group LLC lifted its holdings in KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in KeyCorp in the 3rd quarter valued at approximately $35,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of KeyCorp during the third quarter worth $38,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.
Insider Buying and Selling at KeyCorp
In other KeyCorp news, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the sale, the director now directly owns 37,864 shares of the company’s stock, valued at $648,988.96. This represents a 19.20 % decrease in their position. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.
KeyCorp Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Tuesday, December 3rd. KeyCorp’s dividend payout ratio is currently 8,200.00%.
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.
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