What is DA Davidson’s Estimate for KeyCorp Q1 Earnings?

KeyCorp (NYSE:KEY) – Stock analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of KeyCorp in a research note issued on Wednesday, January 22nd. DA Davidson analyst P. Winter expects that the financial services provider will post earnings of $0.34 per share for the quarter. DA Davidson has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.56 per share. DA Davidson also issued estimates for KeyCorp’s FY2025 earnings at $1.73 EPS.

A number of other equities research analysts also recently weighed in on KEY. Truist Financial started coverage on shares of KeyCorp in a research note on Tuesday, January 7th. They issued a “hold” rating and a $19.00 target price on the stock. Stephens restated an “overweight” rating and set a $20.00 price objective on shares of KeyCorp in a research report on Wednesday. Robert W. Baird lowered shares of KeyCorp from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Monday, October 14th. Citigroup cut KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Thursday, November 7th. Finally, Piper Sandler lifted their price target on KeyCorp from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.58.

KeyCorp Stock Up 1.0 %

Shares of NYSE:KEY opened at $17.47 on Thursday. The firm has a fifty day moving average price of $18.10 and a two-hundred day moving average price of $17.06. The company has a market cap of $17.32 billion, a price-to-earnings ratio of -58.24, a PEG ratio of 0.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.88 and a quick ratio of 0.88. KeyCorp has a one year low of $13.10 and a one year high of $20.04.

Institutional Trading of KeyCorp

Several institutional investors and hedge funds have recently bought and sold shares of KEY. Wolff Wiese Magana LLC lifted its stake in shares of KeyCorp by 285.5% in the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 1,142 shares during the period. American Capital Advisory LLC purchased a new position in KeyCorp during the third quarter valued at $28,000. Larson Financial Group LLC boosted its holdings in shares of KeyCorp by 90.8% during the 3rd quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after buying an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp during the 3rd quarter valued at $35,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of KeyCorp in the 3rd quarter worth about $38,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Angela G. Mago sold 15,011 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $19.59, for a total value of $294,065.49. Following the completion of the sale, the insider now owns 234,582 shares of the company’s stock, valued at $4,595,461.38. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.14, for a total transaction of $154,260.00. Following the completion of the transaction, the director now owns 37,864 shares of the company’s stock, valued at $648,988.96. This trade represents a 19.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.61% of the stock is owned by insiders.

KeyCorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be issued a dividend of $0.205 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.69%. KeyCorp’s dividend payout ratio is currently -273.32%.

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.