KeyCorp (NYSE:KEY) – Analysts at Oppenheimer Holdings upped their FY2018 earnings per share estimates for KeyCorp in a report released on Sunday. Oppenheimer Holdings analyst B. Chittenden now anticipates that the financial services provider will post earnings of $1.56 per share for the year, up from their prior estimate of $1.54. Oppenheimer Holdings has a “Hold” rating on the stock.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, April 20th. The financial services provider reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.04. KeyCorp had a net margin of 14.69% and a return on equity of 9.30%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $0.24 EPS. The company’s quarterly revenue was up 44.4% on a year-over-year basis.

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KEY has been the subject of several other research reports. Keefe, Bruyette & Woods set a $20.00 target price on shares of KeyCorp and gave the company a “hold” rating in a report on Saturday, June 24th. Morgan Stanley reiterated an “overweight” rating and issued a $22.00 target price (up previously from $21.00) on shares of KeyCorp in a report on Friday. BidaskClub upgraded shares of KeyCorp from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. Piper Jaffray Companies upgraded shares of KeyCorp from a “neutral” rating to an “overweight” rating and increased their target price for the company from $19.00 to $21.00 in a report on Monday, April 24th. Finally, Zacks Investment Research upgraded shares of KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $19.20.

Shares of KeyCorp (NYSE:KEY) remained flat at $19.29 on Tuesday. 6,160,208 shares of the stock traded hands. KeyCorp has a 12 month low of $11.06 and a 12 month high of $19.53. The firm has a market cap of $21.14 billion, a PE ratio of 22.46 and a beta of 1.13. The company’s 50-day moving average is $18.14 and its 200-day moving average is $18.20.

Institutional investors have recently modified their holdings of the company. Bollard Group LLC raised its position in KeyCorp by 5.8% in the first quarter. Bollard Group LLC now owns 121,204 shares of the financial services provider’s stock worth $2,155,000 after buying an additional 6,610 shares during the period. James Investment Research Inc. raised its position in KeyCorp by 1.3% in the first quarter. James Investment Research Inc. now owns 1,077,660 shares of the financial services provider’s stock worth $19,161,000 after buying an additional 14,300 shares during the period. Franklin Resources Inc. raised its position in KeyCorp by 11.5% in the fourth quarter. Franklin Resources Inc. now owns 330,295 shares of the financial services provider’s stock worth $6,034,000 after buying an additional 34,195 shares during the period. Meadow Creek Investment Management LLC raised its position in KeyCorp by 257.3% in the first quarter. Meadow Creek Investment Management LLC now owns 77,748 shares of the financial services provider’s stock worth $1,382,000 after buying an additional 55,990 shares during the period. Finally, Earnest Partners LLC raised its position in KeyCorp by 0.3% in the first quarter. Earnest Partners LLC now owns 2,536,317 shares of the financial services provider’s stock worth $45,096,000 after buying an additional 8,760 shares during the period. Hedge funds and other institutional investors own 80.87% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Tuesday, May 30th were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Thursday, May 25th. This is a positive change from KeyCorp’s previous quarterly dividend of $0.09. KeyCorp’s dividend payout ratio (DPR) is currently 44.71%.

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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