KeyCorp (NYSE:KEY) – Analysts at Wedbush issued their FY2019 earnings estimates for KeyCorp in a report released on Thursday. Wedbush analyst P. Winter anticipates that the financial services provider will earn $1.84 per share for the year.

Several other analysts also recently weighed in on KEY. Sanford C. Bernstein upgraded shares of KeyCorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $21.00 to $22.00 in a research report on Thursday, September 14th. Zacks Investment Research downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Tuesday, September 19th. Robert W. Baird restated a “hold” rating and set a $18.00 price objective on shares of KeyCorp in a research report on Friday, October 6th. Citigroup boosted their price objective on shares of KeyCorp from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $21.00 price objective on shares of KeyCorp in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $21.56.

Shares of KeyCorp (KEY) traded up $0.01 during trading hours on Friday, hitting $20.33. 5,560,000 shares of the stock traded hands, compared to its average volume of 9,850,000. The stock has a market cap of $21,860.00, a P/E ratio of 17.68, a PEG ratio of 1.67 and a beta of 1.09. The company has a quick ratio of 0.89, a current ratio of 0.90 and a debt-to-equity ratio of 1.06. KeyCorp has a twelve month low of $16.28 and a twelve month high of $20.59.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the consensus estimate of $0.35. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS.

A number of hedge funds have recently added to or reduced their stakes in KEY. Vanguard Group Inc. increased its stake in KeyCorp by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 111,418,810 shares of the financial services provider’s stock valued at $2,087,987,000 after buying an additional 4,230,390 shares during the period. BlackRock Inc. increased its stake in KeyCorp by 2.7% in the 2nd quarter. BlackRock Inc. now owns 86,694,342 shares of the financial services provider’s stock valued at $1,624,654,000 after buying an additional 2,280,450 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in KeyCorp by 8.0% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock valued at $448,990,000 after buying an additional 1,765,263 shares during the period. Boston Partners acquired a new position in KeyCorp in the 3rd quarter valued at $356,111,000. Finally, Northern Trust Corp increased its stake in KeyCorp by 1.9% in the 2nd quarter. Northern Trust Corp now owns 12,429,250 shares of the financial services provider’s stock valued at $232,925,000 after buying an additional 231,558 shares during the period. Hedge funds and other institutional investors own 80.91% of the company’s stock.

In other KeyCorp news, Director Elizabeth R. Gile purchased 1,374 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 22nd. The stock was purchased at an average price of $18.23 per share, for a total transaction of $25,048.02. Following the transaction, the director now directly owns 24,989 shares in the company, valued at $455,549.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Paul N. Harris sold 2,758 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were 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. In the last quarter, insiders sold 57,212 shares of company stock valued at $1,060,508. 0.65% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, November 28th were given a $0.105 dividend. This is an increase from KeyCorp’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, November 27th. This represents a $0.42 annualized dividend and a yield of 2.07%. KeyCorp’s dividend payout ratio is 36.52%.

ILLEGAL ACTIVITY WARNING: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/05/wedbush-weighs-in-on-keycorps-fy2019-earnings-key.html.

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)

Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.