Research Analysts Set Expectations for KeyCorp Q3 Earnings

Key Points

• Zacks Research has increased its Q3 2026 earnings per share (EPS) estimate for KeyCorp from $0.41 to $0.42, with a full-year earnings consensus now at $1.50 per share.
• KeyCorp's stock has a current rating of "Hold" with a consensus price target of $20.53, supported by multiple analysts' upgrades and downgrades.
• The company recently announced a quarterly dividend of $0.205 per share, yielding approximately 4.5%, although its dividend payout ratio is notably high at -1,171.43%.

KeyCorp (NYSE:KEY - Free Report) - Analysts at Zacks Research upped their Q3 2026 earnings per share (EPS) estimates for KeyCorp in a research report issued on Wednesday, October 8th. Zacks Research analyst Team now forecasts that the financial services provider will earn $0.42 per share for the quarter, up from their previous estimate of $0.41. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp's Q3 2027 earnings at $0.46 EPS.

KEY has been the subject of a number of other research reports. Robert W. Baird lowered KeyCorp from an "outperform" rating to a "neutral" rating and set a $18.00 target price for the company. in a research note on Wednesday, July 2nd. Evercore ISI increased their target price on KeyCorp from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Tuesday, September 30th. Royal Bank Of Canada increased their target price on KeyCorp from $19.00 to $20.00 and gave the company an "outperform" rating in a research note on Wednesday, October 1st. Jefferies Financial Group lowered their price objective on KeyCorp from $21.00 to $20.00 and set a "hold" rating for the company in a research note on Wednesday, September 24th. Finally, Citigroup restated a "neutral" rating and set a $20.00 price objective (up previously from $19.00) on shares of KeyCorp in a research note on Thursday, July 24th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.53.

KeyCorp Price Performance

KEY stock opened at $18.08 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.83 and a current ratio of 0.84. KeyCorp has a 1 year low of $12.73 and a 1 year high of $20.04. The firm has a market cap of $19.83 billion, a P/E ratio of -258.29, a price-to-earnings-growth ratio of 0.64 and a beta of 1.15. The stock has a 50-day simple moving average of $18.58 and a 200-day simple moving average of $17.00.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $0.35 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $1.81 billion. During the same period in the prior year, the firm posted $0.25 earnings per share. The firm's revenue was up 20.6% on a year-over-year basis.

KeyCorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.205 dividend. This represents a $0.82 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 2nd. KeyCorp's dividend payout ratio (DPR) is -1,171.43%.

Insider Activity at KeyCorp

In related news, insider Andrew J. Paine III sold 44,953 shares of KeyCorp stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $19.29, for a total transaction of $867,143.37. Following the completion of the sale, the insider owned 245,044 shares of the company's stock, valued at approximately $4,726,898.76. This trade represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trina M. Evans sold 17,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $18.67, for a total value of $317,390.00. Following the transaction, the director owned 82,719 shares in the company, valued at approximately $1,544,363.73. This trade represents a 17.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,102 shares of company stock valued at $3,299,664. Insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KEY. Price T Rowe Associates Inc. MD lifted its holdings in KeyCorp by 40.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider's stock worth $814,756,000 after buying an additional 14,651,281 shares in the last quarter. Norges Bank bought a new position in shares of KeyCorp in the 2nd quarter valued at about $195,642,000. Vanguard Group Inc. grew its holdings in shares of KeyCorp by 7.2% in the 1st quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider's stock valued at $2,004,273,000 after acquiring an additional 8,412,625 shares in the last quarter. HoldCo Asset Management LP bought a new position in shares of KeyCorp in the 2nd quarter valued at about $86,995,000. Finally, Wellington Management Group LLP grew its holdings in KeyCorp by 1,142.4% during the first quarter. Wellington Management Group LLP now owns 5,001,779 shares of the financial services provider's stock worth $79,978,000 after purchasing an additional 4,599,197 shares during the period. 79.69% of the stock is owned by institutional investors and hedge funds.

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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