Zacks Research Analysts Lower Earnings Estimates for KeyCorp

KeyCorp (NYSE:KEY) – Equities research analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for KeyCorp in a report issued on Tuesday, April 1st. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.38 for the quarter, down from their previous forecast of $0.39. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp’s Q1 2027 earnings at $0.43 EPS and FY2027 earnings at $1.86 EPS.

Other research analysts also recently issued research reports about the stock. Morgan Stanley dropped their target price on shares of KeyCorp from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Keefe, Bruyette & Woods cut their target price on KeyCorp from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 22nd. Truist Financial decreased their price target on KeyCorp from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Friday, March 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $18.50 price objective on shares of KeyCorp in a research report on Monday, February 3rd. Finally, DA Davidson reduced their price objective on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and an average target price of $19.42.

KeyCorp Stock Performance

Shares of KEY stock opened at $16.08 on Wednesday. The company has a market capitalization of $17.77 billion, a price-to-earnings ratio of -53.60, a price-to-earnings-growth ratio of 0.65 and a beta of 1.26. 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 has a one year low of $13.11 and a one year high of $20.04. The company’s 50-day moving average is $16.82 and its 200 day moving average is $17.41.

Hedge Funds Weigh In On KeyCorp

Several institutional investors have recently added to or reduced their stakes in KEY. 111 Capital bought a new position in shares of KeyCorp during the 4th quarter valued at approximately $238,000. Wealth Enhancement Advisory Services LLC raised its stake in KeyCorp by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,451 shares of the financial services provider’s stock valued at $1,756,000 after purchasing an additional 18,790 shares in the last quarter. Centaurus Financial Inc. lifted its position in KeyCorp by 11.2% during the fourth quarter. Centaurus Financial Inc. now owns 7,218 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 728 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of KeyCorp in the 4th quarter worth $7,141,000. Finally, LifeWealth Investments LLC bought a new stake in shares of KeyCorp in the 4th quarter worth about $362,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Insider Transactions at KeyCorp

In other news, Director Of Nova Scotia Bank acquired 50,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the completion of the transaction, the director now directly owns 162,983,726 shares in the company, valued at approximately $2,909,259,509.10. This trade represents a 0.03 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 5.10%. The ex-dividend date was Tuesday, March 4th. KeyCorp’s payout ratio is currently -273.33%.

KeyCorp declared that its board has approved a stock buyback program on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.