FY2025 EPS Estimates for KeyCorp Lowered by Zacks Research

KeyCorp (NYSE:KEY - Free Report) - Analysts at Zacks Research dropped their FY2025 earnings per share (EPS) estimates for KeyCorp in a report issued on Thursday, May 8th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $1.37 for the year, down from their previous forecast of $1.47. The consensus estimate for KeyCorp's current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp's Q4 2025 earnings at $0.37 EPS, Q1 2026 earnings at $0.37 EPS, Q2 2026 earnings at $0.39 EPS, Q3 2026 earnings at $0.41 EPS, FY2026 earnings at $1.65 EPS, Q1 2027 earnings at $0.41 EPS and FY2027 earnings at $1.75 EPS.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. reduced their target price on KeyCorp from $18.50 to $16.50 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. StockNews.com upgraded KeyCorp from a "sell" rating to a "hold" rating in a research note on Monday, April 21st. Morgan Stanley reaffirmed an "equal weight" rating on shares of KeyCorp in a report on Thursday, April 17th. Keefe, Bruyette & Woods decreased their price target 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, Barclays decreased their target price on KeyCorp from $21.00 to $20.00 and set an "equal weight" rating for the company in a research note on Monday, April 21st. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.92.

KeyCorp Stock Performance

NYSE KEY traded up $0.14 on Monday, hitting $16.62. 4,144,487 shares of the company's stock were exchanged, compared to its average volume of 12,846,875. The firm's 50-day moving average price is $15.12 and its two-hundred day moving average price is $16.90. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of -55.38, a P/E/G ratio of 0.65 and a beta of 1.08. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84. KeyCorp has a fifty-two week low of $12.73 and a fifty-two week high of $20.04.

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 for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.20 EPS.

Institutional Investors Weigh In On KeyCorp

A number of institutional investors have recently made changes to their positions in the company. Cinctive Capital Management LP bought a new stake in shares of KeyCorp during the first quarter worth approximately $5,502,000. Alliancebernstein L.P. boosted its holdings in shares of KeyCorp by 4.4% during the first quarter. Alliancebernstein L.P. now owns 1,233,478 shares of the financial services provider's stock worth $19,723,000 after acquiring an additional 51,746 shares during the period. AQR Capital Management LLC boosted its holdings in shares of KeyCorp by 5.1% during the first quarter. AQR Capital Management LLC now owns 417,667 shares of the financial services provider's stock worth $6,495,000 after acquiring an additional 20,429 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of KeyCorp during the first quarter worth approximately $60,194,000. Finally, Amundi boosted its holdings in shares of KeyCorp by 8.5% during the first quarter. Amundi now owns 3,016,799 shares of the financial services provider's stock worth $48,239,000 after acquiring an additional 236,040 shares during the period. Institutional investors own 79.69% of the company's stock.

Insider Activity

In related news, Director Carlton L. Highsmith sold 5,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $16.60, for a total value of $83,000.00. Following the sale, the director now owns 37,177 shares of the company's stock, valued at approximately $617,138.20. This trade represents a 11.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mohit Ramani bought 10,000 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $13.75 per share, for a total transaction of $137,500.00. Following the transaction, the insider now 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. 0.52% of the stock is currently owned by company insiders.

KeyCorp announced that its Board of Directors has initiated a share repurchase program on Thursday, March 13th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th will be given a $0.205 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $0.82 dividend on an annualized basis and a yield of 4.94%. KeyCorp's payout ratio is -482.35%.

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.