KeyCorp (NYSE:KEY) – Equities researchers at Wedbush issued their Q1 2019 EPS estimates for shares of KeyCorp in a note issued to investors on Friday. Wedbush analyst P. Winter expects that the financial services provider will post earnings of $0.43 per share for the quarter. Wedbush also issued estimates for KeyCorp’s Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.82 EPS.

Several other research analysts have also issued reports on KEY. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $22.00 target price on shares of KeyCorp in a research note on Wednesday, September 27th. Robert W. Baird reaffirmed a “hold” rating and issued a $18.00 target price on shares of KeyCorp in a research note on Friday, October 6th. Citigroup raised their target price on shares of KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $21.00 target price on shares of KeyCorp in a research note on Thursday, October 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and seventeen have assigned a buy rating to the company. KeyCorp currently has a consensus rating of “Buy” and a consensus target price of $21.98.

Shares of KeyCorp (KEY) traded up $0.22 during midday trading on Monday, hitting $21.61. 9,710,980 shares of the stock traded hands, compared to its average volume of 9,040,000. The company has a market cap of $23,240.00, a price-to-earnings ratio of 19.29, a PEG ratio of 1.58 and a beta of 1.09. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 1.02. KeyCorp has a one year low of $16.28 and a one year high of $21.77.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, January 18th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.58 billion. KeyCorp had a net margin of 18.06% and a return on equity of 10.66%. During the same quarter last year, the firm earned $0.31 EPS.

A number of hedge funds have recently made changes to their positions in KEY. Pratt Collard Advisory Partners LLC bought a new position in shares of KeyCorp during the 4th quarter worth approximately $873,000. Smith Graham & Co. Investment Advisors LP grew its stake in shares of KeyCorp by 21.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 345,920 shares of the financial services provider’s stock worth $6,977,000 after acquiring an additional 60,820 shares in the last quarter. Patten & Patten Inc. TN grew its stake in shares of KeyCorp by 125.9% during the 4th quarter. Patten & Patten Inc. TN now owns 606,197 shares of the financial services provider’s stock worth $12,227,000 after acquiring an additional 337,842 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of KeyCorp by 25.7% during the 4th quarter. State of Alaska Department of Revenue now owns 168,222 shares of the financial services provider’s stock worth $3,391,000 after acquiring an additional 34,390 shares in the last quarter. Finally, Fox Run Management L.L.C. grew its stake in shares of KeyCorp by 27.0% during the 4th quarter. Fox Run Management L.L.C. now owns 36,462 shares of the financial services provider’s stock worth $735,000 after acquiring an additional 7,762 shares in the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

In related news, Director Elizabeth R. Gile bought 1,374 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were purchased at an average cost of $18.23 per share, for a total transaction of $25,048.02. Following the acquisition, the director now owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Paul N. Harris sold 2,758 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $18.54, for a total transaction of $51,133.32. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.42 annualized dividend and a yield of 1.94%. KeyCorp’s dividend payout ratio (DPR) is currently 37.50%.

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About KeyCorp

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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