KeyCorp (NYSE:KEY) – Analysts at B. Riley increased their Q3 2019 earnings per share (EPS) estimates for shares of KeyCorp in a research note issued to investors on Thursday, April 12th. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.47 per share for the quarter, up from their previous forecast of $0.46.
KeyCorp (NYSE:KEY) last released its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the business earned $0.31 earnings per share.
Several other equities research analysts have also issued reports on KEY. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $23.00 target price on shares of KeyCorp in a research report on Thursday, April 5th. Vining Sparks reiterated a “buy” rating and set a $25.00 target price on shares of KeyCorp in a research report on Friday, April 6th. ValuEngine lowered shares of KeyCorp from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research upgraded shares of KeyCorp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 4th. Finally, Oppenheimer reiterated a “hold” rating on shares of KeyCorp in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. KeyCorp currently has an average rating of “Buy” and a consensus price target of $22.14.
Shares of KeyCorp stock opened at $19.34 on Monday. KeyCorp has a 1 year low of $16.28 and a 1 year high of $22.40. The company has a market cap of $20,407.62, a price-to-earnings ratio of 14.22, a P/E/G ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.89 and a quick ratio of 0.88.
Institutional investors and hedge funds have recently made changes to their positions in the company. We Are One Seven LLC purchased a new position in shares of KeyCorp in the fourth quarter worth $183,000. Davis R M Inc. purchased a new position in shares of KeyCorp in the fourth quarter worth $217,000. Jump Trading LLC purchased a new position in shares of KeyCorp in the fourth quarter worth $219,000. CIBC World Markets Inc. purchased a new position in shares of KeyCorp in the fourth quarter worth $224,000. Finally, Valeo Financial Advisors LLC increased its stake in shares of KeyCorp by 136.9% in the fourth quarter. Valeo Financial Advisors LLC now owns 11,108 shares of the financial services provider’s stock worth $224,000 after buying an additional 6,419 shares during the period. Hedge funds and other institutional investors own 81.71% of the company’s stock.
In other news, insider Christopher M. Gorman sold 56,038 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $20.97, for a total value of $1,175,116.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig A. Buffie sold 11,819 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $21.21, for a total transaction of $250,680.99. Following the completion of the sale, the insider now owns 51,791 shares of the company’s stock, valued at $1,098,487.11. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,857 shares of company stock valued at $1,953,548. Company insiders own 0.67% of the company’s stock.
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KeyCorp Company Profile
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans, as well as personal property and casualty insurance, such as home, auto, renters, watercraft, and umbrella insurance for individuals.
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