KeyCorp (NYSE:KEY) – Research analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for KeyCorp in a report released on Thursday. DA Davidson analyst K. Reevey forecasts that the financial services provider will earn $0.39 per share for the quarter. DA Davidson has a “Buy” rating and a $21.00 price target on the stock. DA Davidson also issued estimates for KeyCorp’s Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS and FY2019 earnings at $1.74 EPS.

KEY has been the subject of several other research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research note on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $22.00 target price (up previously from $21.00) on shares of KeyCorp in a research note on Friday, July 7th. Citigroup Inc. raised their target price on KeyCorp from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, October 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $21.00 target price on shares of KeyCorp in a research note on Friday, July 14th. Finally, Zacks Investment Research raised KeyCorp from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.31.

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Shares of KeyCorp (NYSE:KEY) opened at 18.49 on Monday. The firm’s 50 day moving average is $18.11 and its 200 day moving average is $18.14. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 18.36 and a beta of 1.13. KeyCorp has a 12 month low of $12.84 and a 12 month high of $19.53.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 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 23.57% and a return on equity of 9.84%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 EPS.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of KeyCorp by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock worth $2,087,987,000 after purchasing an additional 4,230,390 shares in the last quarter. BlackRock Inc. raised its stake in shares of KeyCorp by 2.7% during the 2nd quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock worth $1,624,654,000 after purchasing an additional 2,280,450 shares in the last quarter. Northern Trust Corp raised its stake in shares of KeyCorp by 1.9% during the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock worth $232,925,000 after purchasing an additional 231,558 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of KeyCorp by 0.7% during the 2nd quarter. Bessemer Group Inc. now owns 12,000,915 shares of the financial services provider’s stock worth $224,897,000 after purchasing an additional 87,019 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of KeyCorp by 6,189.4% during the 2nd quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock worth $170,679,000 after purchasing an additional 8,962,913 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

In other KeyCorp news, Director Alexander M. Cutler acquired 5,000 shares of KeyCorp stock in a transaction that occurred on Tuesday, July 25th. The stock was purchased at an average cost of $18.55 per share, with a total value of $92,750.00. Following the purchase, the director now owns 55,000 shares in the company, valued at $1,020,250. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ruth Ann M. Gillis acquired 2,000 shares of KeyCorp stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $17.91 per share, with a total value of $35,820.00. Following the completion of the purchase, the director now owns 10,551 shares in the company, valued at approximately $188,968.41. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 16,000 shares of company stock valued at $290,540 and sold 259,409 shares valued at $4,794,449. 0.65% of the stock is currently owned by corporate insiders.

KeyCorp announced that its board has authorized a share buyback program on Wednesday, June 28th that permits the company to buyback $800.00 million in shares. This buyback authorization permits the financial services provider to repurchase up to 4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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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