DA Davidson Has Bullish Estimate for KeyCorp Q3 Earnings

Key Points

• DA Davidson has raised its Q3 2025 earnings per share estimate for KeyCorp from $0.37 to $0.40, maintaining a "Buy" rating and a price target of $21.00.
• KeyCorp's recent earnings report showed a $0.35 EPS for the last quarter, surpassing the consensus estimate, with revenues up 20.6% year-over-year.
• The company recently paid a quarterly dividend of $0.205, which translates to an annualized yield of 4.3%.

KeyCorp (NYSE:KEY - Free Report) - DA Davidson upped their Q3 2025 earnings per share (EPS) estimates for shares of KeyCorp in a research note issued to investors on Friday, September 26th. DA Davidson analyst P. Winter now forecasts that the financial services provider will earn $0.40 per share for the quarter, up from their prior forecast of $0.37. DA Davidson currently has a "Buy" rating and a $21.00 price target on the stock. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. DA Davidson also issued estimates for KeyCorp's FY2025 earnings at $1.49 EPS and FY2026 earnings at $1.80 EPS.

A number of other analysts have also recently weighed in on the company. Baird R W cut KeyCorp from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 2nd. UBS Group raised KeyCorp from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $16.00 to $22.00 in a research report on Tuesday, July 8th. Citigroup reaffirmed a "neutral" rating and set a $20.00 price objective (up from $19.00) on shares of KeyCorp in a research report on Thursday, July 24th. Jefferies Financial Group decreased their price objective on KeyCorp from $21.00 to $20.00 and set a "hold" rating for the company in a research report on Wednesday, September 24th. Finally, Wells Fargo & Company increased their target price on KeyCorp from $18.00 to $20.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Ten investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $19.58.

KeyCorp Stock Up 0.4%

KeyCorp stock opened at $18.89 on Monday. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04. The stock has a 50 day moving average of $18.58 and a two-hundred day moving average of $16.87. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of -269.79, a PEG ratio of 0.66 and a beta of 1.15.

KeyCorp (NYSE:KEY - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%.The company had revenue of $1.84 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the firm earned $0.25 EPS. The firm's revenue for the quarter was up 20.6% on a year-over-year basis.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. KeyCorp's dividend payout ratio (DPR) is presently -1,171.43%.

Insider Activity at KeyCorp

In related news, Director Trina M. Evans sold 17,000 shares of the firm's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $18.67, for a total value of $317,390.00. Following the completion of the transaction, the director directly owned 82,719 shares of the company's stock, valued at $1,544,363.73. This trade represents a 17.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher M. Gorman sold 112,149 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $18.86, for a total value of $2,115,130.14. Following the completion of the transaction, the chief executive officer directly owned 619,895 shares of the company's stock, valued at $11,691,219.70. The trade was a 15.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,102 shares of company stock valued at $3,299,664 in the last ninety days. Corporate insiders own 0.52% of the company's stock.

Hedge Funds Weigh In On KeyCorp

Hedge funds have recently bought and sold shares of the company. Activest Wealth Management increased its stake in KeyCorp by 8,775.0% in the 2nd quarter. Activest Wealth Management now owns 1,420 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 1,404 shares in the last quarter. Tompkins Financial Corp purchased a new position in KeyCorp during the second quarter worth $26,000. Zions Bancorporation National Association UT purchased a new position in KeyCorp during the first quarter worth $28,000. Elevation Point Wealth Partners LLC purchased a new position in KeyCorp during the second quarter worth $36,000. Finally, FSC Wealth Advisors LLC purchased a new position in KeyCorp during the first quarter worth $34,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

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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