KeyCorp (NYSE:KEY) – Wedbush issued their FY2019 earnings estimates for KeyCorp in a research report issued to clients and investors on Thursday. Wedbush analyst P. Winter expects that the financial services provider will earn $1.84 per share for the year.

KEY has been the topic of several other reports. Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Morgan Stanley restated an “overweight” rating and issued a $23.00 price target on shares of KeyCorp in a research report on Thursday, December 14th. ValuEngine upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Citigroup raised their price target on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Robert W. Baird restated a “hold” rating and issued a $18.00 price target on shares of KeyCorp in a research report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.56.

Shares of KeyCorp (KEY) opened at $20.33 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. The stock has a market cap of $21,862.88, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 1.66 and a beta of 1.10. KeyCorp has a 12-month low of $16.28 and a 12-month high of $20.59.

KeyCorp (NYSE:KEY) last posted its quarterly earnings results on Thursday, October 19th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.35. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the business posted $0.30 EPS.

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in KeyCorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after purchasing an additional 4,230,390 shares during the last quarter. BlackRock Inc. lifted its holdings in KeyCorp by 2.7% during the 2nd quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock valued at $1,624,654,000 after purchasing an additional 2,280,450 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in KeyCorp by 8.0% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after purchasing an additional 1,765,263 shares during the last quarter. Boston Partners bought a new position in KeyCorp during the 3rd quarter valued at about $356,111,000. Finally, Northern Trust Corp lifted its holdings in KeyCorp by 1.9% during the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock valued at $232,925,000 after purchasing an additional 231,558 shares during the last quarter. 80.91% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Elizabeth R. Gile purchased 1,374 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average cost of $18.23 per share, with a total value of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew J. Paine III sold 46,854 shares of KeyCorp stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $18.56, for a total transaction of $869,610.24. Following the transaction, the insider now directly owns 110,052 shares of the company’s stock, valued at $2,042,565.12. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 over the last ninety days. 0.65% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, November 28th were issued a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 2.07%. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, November 27th. KeyCorp’s dividend payout ratio (DPR) is presently 36.84%.

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KeyCorp Company Profile

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

Earnings History and Estimates for KeyCorp (NYSE:KEY)

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