Q4 2016 Earnings Estimate for KeyCorp (KEY) Issued By Jefferies Group
KeyCorp (NYSE:KEY) – Equities research analysts at Jefferies Group issued their Q4 2016 earnings per share (EPS) estimates for shares of KeyCorp in a report released on Tuesday. Jefferies Group analyst K. Usdin expects that the firm will post earnings of $0.26 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock.
A number of other analysts have also recently commented on KEY. Zacks Investment Research cut KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, June 28th. Citigroup Inc. reiterated a “buy” rating on shares of KeyCorp in a research report on Wednesday, June 29th. Morgan Stanley upgraded KeyCorp from an “equal weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a research report on Tuesday, July 5th. Nomura reissued a “buy” rating and set a $12.00 price target on shares of KeyCorp in a report on Sunday, July 10th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of KeyCorp in a report on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $14.41.
KeyCorp (NYSE:KEY) opened at 12.52 on Friday. The firm’s 50 day moving average price is $12.39 and its 200-day moving average price is $11.97. KeyCorp has a one year low of $9.88 and a one year high of $14.01. The firm has a market cap of $13.55 billion, a PE ratio of 12.95 and a beta of 1.21.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.27. The company earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. KeyCorp’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS.
A number of hedge funds and other institutional investors have recently modified their holdings of KEY. MSI Financial Services Inc boosted its stake in shares of KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock valued at $109,000 after buying an additional 860 shares in the last quarter. Wealthfront Inc. bought a new stake in shares of KeyCorp during the second quarter valued at about $123,000. Sigma Investment Management Co boosted its stake in shares of KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,135 shares in the last quarter. Regentatlantic Capital LLC bought a new stake in shares of KeyCorp during the second quarter valued at about $134,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of KeyCorp by 84.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,341 shares of the financial services provider’s stock valued at $136,000 after buying an additional 5,639 shares in the last quarter. Institutional investors own 66.25% of the company’s stock.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
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