Zacks Research Weighs in on KeyCorp’s Q2 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY) – Zacks Research lowered their Q2 2025 earnings per share estimates for KeyCorp in a research report issued on Wednesday, February 26th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.37. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share.

A number of other analysts have also commented on the company. Keefe, Bruyette & Woods dropped their price target on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $18.00 price target on shares of KeyCorp in a report on Wednesday, January 22nd. Barclays lifted their price target on KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, January 6th. Finally, Citigroup lowered KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Thursday, November 7th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, KeyCorp has an average rating of “Moderate Buy” and an average target price of $19.69.

KeyCorp Stock Down 4.2 %

KEY stock opened at $16.27 on Monday. KeyCorp has a twelve month low of $13.11 and a twelve month high of $20.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77. The stock’s 50 day moving average is $17.45 and its 200-day moving average is $17.50. The firm has a market capitalization of $17.97 billion, a PE ratio of -54.21, a P/E/G ratio of 0.65 and a beta of 1.26.

KeyCorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp’s dividend payout ratio (DPR) is presently -273.33%.

Insider Activity

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, with a total value of $892,500.00. Following the purchase, the director now owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. The trade was a 0.03 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On KeyCorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of KeyCorp by 3.4% in the 4th quarter. Principal Financial Group Inc. now owns 1,117,238 shares of the financial services provider’s stock valued at $19,149,000 after acquiring an additional 36,424 shares during the last quarter. Truist Financial Corp raised its position in KeyCorp by 27.1% during the 4th quarter. Truist Financial Corp now owns 95,856 shares of the financial services provider’s stock valued at $1,643,000 after purchasing an additional 20,424 shares during the last quarter. Avanza Fonder AB bought a new position in KeyCorp during the 4th quarter valued at approximately $1,618,000. Dai ichi Life Insurance Company Ltd bought a new position in KeyCorp during the 3rd quarter valued at approximately $798,000. Finally, State of New Jersey Common Pension Fund D raised its position in KeyCorp by 13.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 304,565 shares of the financial services provider’s stock valued at $5,101,000 after purchasing an additional 36,444 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

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.