DA Davidson Has Bearish Forecast for KeyCorp Q2 Earnings

KeyCorp (NYSE:KEY - Free Report) - Analysts at DA Davidson dropped their Q2 2025 EPS estimates for shares of KeyCorp in a report issued on Friday, June 27th. DA Davidson analyst P. Winter now anticipates that the financial services provider will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.36. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of KeyCorp from a "sell" rating to a "hold" rating in a research note on Monday, April 21st. Royal Bank Of Canada reiterated an "outperform" rating on shares of KeyCorp in a research note on Thursday, April 17th. Wells Fargo & Company downgraded shares of KeyCorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 18th. Evercore ISI set a $17.00 price objective on shares of KeyCorp in a research report on Monday, April 28th. Finally, Cowen started coverage on shares of KeyCorp in a research report on Wednesday, May 14th. They issued a "hold" rating for the company. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, KeyCorp presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.92.

KeyCorp Stock Up 0.5%

Shares of KEY stock opened at $17.23 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75. KeyCorp has a 1 year low of $12.73 and a 1 year high of $20.04. The firm's fifty day moving average price is $15.81 and its two-hundred day moving average price is $16.30. The firm has a market capitalization of $18.88 billion, a P/E ratio of -101.35, a PEG ratio of 0.64 and a beta of 1.10.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. KeyCorp had a negative net margin of 0.12% and a positive return on equity of 9.43%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the business earned $0.20 EPS.

KeyCorp declared that its board has authorized a share repurchase plan on Thursday, March 13th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the financial services provider to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Tuesday, May 27th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Tuesday, May 27th. KeyCorp's dividend payout ratio (DPR) is presently -482.35%.

Insider Transactions at KeyCorp

In related news, insider Amy G. Brady sold 19,000 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $16.09, for a total transaction of $305,710.00. Following the transaction, the insider now directly owns 82,523 shares of the company's stock, valued at $1,327,795.07. This represents a 18.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carlton L. Highsmith sold 5,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total transaction of $83,000.00. Following the completion of the transaction, the director now directly owns 37,177 shares in the company, valued at $617,138.20. This trade represents a 11.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.52% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Voya Investment Management LLC lifted its stake in shares of KeyCorp by 0.3% in the first quarter. Voya Investment Management LLC now owns 276,264 shares of the financial services provider's stock valued at $4,417,000 after buying an additional 713 shares in the last quarter. Strs Ohio bought a new position in shares of KeyCorp during the first quarter valued at about $1,431,000. Intrua Financial LLC lifted its position in shares of KeyCorp by 22.9% during the first quarter. Intrua Financial LLC now owns 42,283 shares of the financial services provider's stock valued at $676,000 after purchasing an additional 7,877 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of KeyCorp by 2.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,356,598 shares of the financial services provider's stock valued at $117,632,000 after purchasing an additional 172,151 shares in the last quarter. Finally, Woodline Partners LP lifted its position in shares of KeyCorp by 41.4% during the first quarter. Woodline Partners LP now owns 84,156 shares of the financial services provider's stock valued at $1,346,000 after purchasing an additional 24,627 shares in the last quarter. 79.69% of the stock is owned by institutional investors.

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.

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