DA Davidson Estimates KeyCorp's Q2 Earnings (NYSE:KEY)

KeyCorp (NYSE:KEY - Free Report) - DA Davidson issued their Q2 2025 earnings estimates for shares of KeyCorp in a research note issued on Monday, April 21st. DA Davidson analyst P. Winter anticipates that the financial services provider will earn $0.36 per share for the quarter. DA Davidson currently has a "Buy" rating and a $21.00 target price 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 $1.43 EPS.

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

Other equities analysts have also recently issued research reports about the company. Baird R W upgraded KeyCorp from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Royal Bank of Canada restated an "outperform" rating on shares of KeyCorp in a report on Thursday, April 17th. StockNews.com upgraded KeyCorp from a "sell" rating to a "hold" rating in a report on Monday, April 21st. Keefe, Bruyette & Woods reduced their target price on KeyCorp from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Monday, April 21st. Finally, Truist Financial reduced their target price on KeyCorp from $18.00 to $16.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, KeyCorp currently has an average rating of "Moderate Buy" and a consensus price target of $19.15.

KeyCorp Trading Down 1.0 %

KEY traded down $0.15 on Tuesday, reaching $14.72. 8,052,209 shares of the company's stock were exchanged, compared to its average volume of 12,862,957. The company has a market cap of $16.13 billion, a price-to-earnings ratio of -49.07, a PEG ratio of 0.65 and a beta of 1.06. KeyCorp has a twelve month low of $12.73 and a twelve month high of $20.04. The company's 50 day moving average is $15.42 and its 200-day moving average is $17.06. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

KeyCorp announced that its board has approved a stock repurchase plan on Thursday, March 13th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of KeyCorp by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 116,932,760 shares of the financial services provider's stock valued at $2,004,228,000 after acquiring an additional 7,754,576 shares in the last quarter. FMR LLC lifted its stake in KeyCorp by 7.1% during the fourth quarter. FMR LLC now owns 44,431,526 shares of the financial services provider's stock valued at $761,556,000 after purchasing an additional 2,938,405 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in KeyCorp by 4.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,302,732 shares of the financial services provider's stock valued at $622,229,000 after purchasing an additional 1,645,296 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in KeyCorp by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 33,058,682 shares of the financial services provider's stock valued at $566,626,000 after purchasing an additional 1,452,179 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in KeyCorp by 4.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 27,183,748 shares of the financial services provider's stock valued at $465,929,000 after purchasing an additional 1,062,615 shares during the last quarter. 79.69% of the stock is currently 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.