What is DA Davidson's Estimate for KeyCorp FY2026 Earnings?

KeyCorp (NYSE:KEY - Free Report) - Stock analysts at DA Davidson dropped their FY2026 EPS estimates for KeyCorp in a note issued to investors on Monday, April 21st. DA Davidson analyst P. Winter now forecasts that the financial services provider will post earnings per share of $1.71 for the year, down from their previous estimate of $1.74. DA Davidson 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.

Several other research firms also recently weighed in on KEY. Stephens restated an "overweight" rating and issued a $20.00 target price on shares of KeyCorp in a research report on Wednesday, January 22nd. Baird R W upgraded shares of KeyCorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods lowered their target price on shares of KeyCorp from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on KeyCorp from $18.50 to $16.50 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Barclays reduced their target price on shares of KeyCorp from $21.00 to $20.00 and set an "equal weight" rating on the stock in a report on Monday, April 21st. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.15.

KeyCorp Price Performance

Shares of NYSE KEY traded up $0.13 during trading on Wednesday, hitting $14.85. The company had a trading volume of 4,330,969 shares, compared to its average volume of 12,830,572. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week 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 has a fifty day simple moving average of $15.42 and a two-hundred day simple moving average of $17.06. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of -49.48, a price-to-earnings-growth ratio of 0.65 and a beta of 1.06.

KeyCorp (NYSE:KEY - Get Free Report) last announced its earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.77 billion. KeyCorp had a positive return on equity of 8.73% and a negative net margin of 2.52%. During the same quarter last year, the firm posted $0.20 EPS.

Institutional Investors Weigh In On KeyCorp

Several large investors have recently made changes to their positions in KEY. TCTC Holdings LLC raised its stake in shares of KeyCorp by 38.6% during the fourth quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 611 shares during the period. Signaturefd LLC lifted its position in shares of KeyCorp by 16.0% in the 4th quarter. Signaturefd LLC now owns 4,453 shares of the financial services provider's stock worth $76,000 after buying an additional 614 shares during the last quarter. Modera Wealth Management LLC boosted its holdings in shares of KeyCorp by 3.9% in the 4th quarter. Modera Wealth Management LLC now owns 16,521 shares of the financial services provider's stock valued at $283,000 after buying an additional 627 shares during the period. Integrated Wealth Concepts LLC raised its stake in KeyCorp by 2.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 24,679 shares of the financial services provider's stock worth $423,000 after acquiring an additional 631 shares during the period. Finally, Ballentine Partners LLC boosted its stake in KeyCorp by 5.7% in the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider's stock valued at $220,000 after acquiring an additional 692 shares during the period. Institutional investors and hedge funds own 79.69% of the company's stock.

Insider Activity at KeyCorp

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares of the company's stock, valued at $2,909,259,509.10. This represents a 0.03 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Mohit Ramani bought 10,000 shares of KeyCorp stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $13.75 per share, for a total transaction of $137,500.00. Following the acquisition, the insider now directly owns 10,000 shares of the company's stock, valued at $137,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 60,180 shares of company stock valued at $1,032,525. 0.52% of the stock is owned by corporate insiders.

KeyCorp announced that its Board of Directors has authorized a stock buyback program on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

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.