KeyCorp (NYSE:KEY) – Research analysts at Piper Jaffray Companies raised their Q1 2019 EPS estimates for KeyCorp in a report released on Tuesday, April 9th. Piper Jaffray Companies analyst K. Barker now expects that the financial services provider will post earnings per share of $0.41 for the quarter, up from their previous forecast of $0.40. Piper Jaffray Companies also issued estimates for KeyCorp’s Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS, Q2 2020 earnings at $0.48 EPS and FY2020 earnings at $1.92 EPS.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of KeyCorp from a “sell” rating to a “strong sell” rating in a research report on Friday, March 22nd. CIBC reaffirmed an “average” rating on shares of KeyCorp in a research report on Monday, February 4th. JPMorgan Chase & Co. downgraded shares of KeyCorp from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Thursday, April 4th. Nomura raised shares of KeyCorp from a “reduce” rating to a “neutral” rating and set a $16.00 target price for the company in a research report on Friday, March 29th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $36.00 target price on shares of KeyCorp in a research report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. KeyCorp presently has a consensus rating of “Hold” and a consensus target price of $22.46.

NYSE:KEY opened at $16.44 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.97. KeyCorp has a 12 month low of $13.65 and a 12 month high of $21.91. The company has a market capitalization of $16.63 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 1.13 and a beta of 1.20.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, January 17th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. KeyCorp had a net margin of 24.74% and a return on equity of 13.26%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.63 billion. During the same quarter in the previous year, the firm posted $0.33 EPS.

In other news, insider Angela G. Mago sold 4,162 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $17.33, for a total transaction of $72,127.46. Following the completion of the sale, the insider now owns 128,464 shares of the company’s stock, valued at approximately $2,226,281.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert A. Deangelis sold 31,166 shares of the business’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $17.37, for a total transaction of $541,353.42. Following the sale, the insider now directly owns 196,478 shares of the company’s stock, valued at approximately $3,412,822.86. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge funds have recently modified their holdings of the company. LGT Capital Partners LTD. lifted its stake in shares of KeyCorp by 4.7% during the 1st quarter. LGT Capital Partners LTD. now owns 2,628,820 shares of the financial services provider’s stock valued at $41,404,000 after buying an additional 118,240 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in shares of KeyCorp by 129.1% during the 1st quarter. Chartwell Investment Partners LLC now owns 930,276 shares of the financial services provider’s stock valued at $14,652,000 after buying an additional 524,222 shares in the last quarter. Ferguson Wellman Capital Management Inc. lifted its stake in shares of KeyCorp by 14.9% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 784,813 shares of the financial services provider’s stock valued at $12,361,000 after buying an additional 101,875 shares in the last quarter. Country Club Trust Company n.a. lifted its stake in shares of KeyCorp by 665.0% during the 1st quarter. Country Club Trust Company n.a. now owns 375,158 shares of the financial services provider’s stock valued at $5,908,000 after buying an additional 326,115 shares in the last quarter. Finally, Manning & Napier Group LLC lifted its stake in shares of KeyCorp by 24.0% during the 1st quarter. Manning & Napier Group LLC now owns 347,596 shares of the financial services provider’s stock valued at $5,473,000 after buying an additional 67,362 shares in the last quarter. 81.93% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for KeyCorp (NYSE:KEY)

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