Research Analysts Set Expectations for KeyCorp Q4 Earnings

KeyCorp (NYSE:KEY) – Stock analysts at Wedbush dropped their Q4 2024 earnings per share estimates for shares of KeyCorp in a research note issued on Friday, October 18th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.31 per share for the quarter, down from their previous estimate of $0.33. Wedbush has a “Neutral” rating and a $18.00 price objective on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.08 per share. Wedbush also issued estimates for KeyCorp’s Q2 2025 earnings at $0.35 EPS.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. KeyCorp had a return on equity of 8.24% and a net margin of 0.76%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 4.3% on a year-over-year basis.

KEY has been the subject of a number of other research reports. Baird R W downgraded shares of KeyCorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 14th. Barclays lifted their price objective on KeyCorp from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada upped their target price on KeyCorp from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday. Jefferies Financial Group lifted their target price on KeyCorp from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, The Goldman Sachs Group set a $19.00 price objective on shares of KeyCorp in a research report on Thursday. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.50.

KeyCorp Stock Up 0.6 %

Shares of NYSE KEY opened at $17.35 on Monday. The company’s 50 day moving average price is $16.61 and its 200-day moving average price is $15.35. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.85 and a current ratio of 0.88. KeyCorp has a 52-week low of $9.50 and a 52-week high of $17.94. The company has a market capitalization of $16.36 billion, a P/E ratio of 1,735.00, a price-to-earnings-growth ratio of 0.97 and a beta of 1.25.

Insider Activity at KeyCorp

In related news, Director Carlton L. Highsmith sold 10,000 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $16.21, for a total value of $162,100.00. Following the completion of the sale, the director now directly owns 46,864 shares of the company’s stock, valued at approximately $759,665.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Institutional Investors Weigh In On KeyCorp

A number of institutional investors have recently added to or reduced their stakes in KEY. Pathway Financial Advisers LLC purchased a new position in shares of KeyCorp in the 1st quarter worth approximately $25,000. Wolff Wiese Magana LLC boosted its position in KeyCorp by 285.5% in the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the last quarter. Crewe Advisors LLC purchased a new position in KeyCorp in the first quarter worth $32,000. Fidelis Capital Partners LLC bought a new position in KeyCorp in the 1st quarter valued at $39,000. Finally, Hexagon Capital Partners LLC increased its position in shares of KeyCorp by 189.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 2,311 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,513 shares during the last quarter. 79.69% of the stock is 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.