KeyCorp (NYSE:KEY) – Investment analysts at Jefferies Financial Group boosted their Q1 2022 earnings per share (EPS) estimates for KeyCorp in a note issued to investors on Friday, January 21st. Jefferies Financial Group analyst K. Usdin now forecasts that the financial services provider will earn $0.51 per share for the quarter, up from their previous forecast of $0.48. Jefferies Financial Group currently has a “Buy” rating and a $27.00 target price on the stock. Jefferies Financial Group also issued estimates for KeyCorp’s Q2 2022 earnings at $0.54 EPS, Q3 2022 earnings at $0.55 EPS, Q4 2022 earnings at $0.56 EPS and Q4 2023 earnings at $0.60 EPS.
Other equities research analysts have also recently issued reports about the stock. Wedbush lifted their price objective on shares of KeyCorp from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, October 22nd. Odeon Capital Group upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, January 7th. Barclays boosted their price target on shares of KeyCorp from $24.00 to $26.00 in a research report on Monday, January 3rd. Morgan Stanley boosted their price objective on KeyCorp from $26.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, December 6th. Finally, Bank of America upgraded KeyCorp from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, December 15th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, KeyCorp currently has an average rating of “Buy” and a consensus target price of $26.63.
Shares of KEY opened at $24.90 on Monday. KeyCorp has a 1 year low of $16.69 and a 1 year high of $27.17. The company has a market cap of $23.18 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 0.80 and a beta of 1.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.81 and a current ratio of 0.83. The firm has a fifty day moving average of $23.95 and a 200-day moving average of $22.25.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 20th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.80 billion. KeyCorp had a net margin of 33.07% and a return on equity of 15.47%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 15th. Investors of record on Tuesday, March 1st will be paid a $0.195 dividend. The ex-dividend date of this dividend is Monday, February 28th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.13%. KeyCorp’s payout ratio is 30.47%.
In other KeyCorp news, insider Brian L. Fishel sold 11,841 shares of the company’s stock in a transaction on Monday, December 6th. The stock was sold at an average price of $23.26, for a total value of $275,421.66. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Douglas M. Schosser sold 9,301 shares of the company’s stock in a transaction on Tuesday, November 9th. The shares were sold at an average price of $23.71, for a total value of $220,526.71. The disclosure for this sale can be found here. Insiders sold 32,123 shares of company stock valued at $752,465 over the last 90 days. 0.56% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in KeyCorp by 11.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 179,118 shares of the financial services provider’s stock valued at $3,699,000 after acquiring an additional 19,023 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in KeyCorp by 0.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 72,895 shares of the financial services provider’s stock valued at $1,505,000 after buying an additional 500 shares during the period. Bank of New York Mellon Corp lifted its stake in KeyCorp by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 7,782,234 shares of the financial services provider’s stock valued at $160,704,000 after buying an additional 134,288 shares during the period. Baird Financial Group Inc. lifted its stake in KeyCorp by 81.3% in the second quarter. Baird Financial Group Inc. now owns 138,615 shares of the financial services provider’s stock valued at $2,863,000 after buying an additional 62,171 shares during the period. Finally, Korea Investment CORP lifted its stake in KeyCorp by 6.9% in the second quarter. Korea Investment CORP now owns 521,400 shares of the financial services provider’s stock valued at $10,767,000 after buying an additional 33,600 shares during the period. Institutional investors own 82.65% of the company’s stock.
About KeyCorp
KeyCorp operates as bank holding company, which engages in the provision of financial services. it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate, and institutional clients.
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