Q3 2018 EPS Estimates for KeyCorp Boosted by Analyst (KEY)

KeyCorp (NYSE:KEY) – Jefferies Group upped their Q3 2018 earnings per share (EPS) estimates for shares of KeyCorp in a research report issued on Thursday. Jefferies Group analyst K. Usdin now anticipates that the financial services provider will post earnings per share of $0.42 for the quarter, up from their previous forecast of $0.41. Jefferies Group also issued estimates for KeyCorp’s Q4 2018 earnings at $0.45 EPS.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. KeyCorp had a return on equity of 10.66% and a net margin of 18.06%. The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $0.31 earnings per share.

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

KeyCorp (NYSE KEY) opened at $21.16 on Monday. 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 $21.71. The company has a market capitalization of $22,621.82, a PE ratio of 18.89, a P/E/G ratio of 1.58 and a beta of 1.10.

Several hedge funds and other institutional investors have recently modified their holdings of KEY. Boston Partners acquired a new position in shares of KeyCorp during the third quarter worth approximately $356,111,000. Janus Henderson Group PLC boosted its position in shares of KeyCorp by 6,189.4% during the second quarter. Janus Henderson Group PLC now owns 9,107,724 shares of the financial services provider’s stock worth $170,679,000 after buying an additional 8,962,913 shares during the period. Samlyn Capital LLC acquired a new stake in KeyCorp in the second quarter worth approximately $57,111,000. Fuller & Thaler Asset Management Inc. lifted its position in KeyCorp by 36.1% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 7,486,279 shares of the financial services provider’s stock worth $140,892,000 after purchasing an additional 1,985,847 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its position in KeyCorp by 8.0% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 23,857,079 shares of the financial services provider’s stock worth $448,990,000 after purchasing an additional 1,765,263 shares during the period. Institutional investors and hedge funds own 81.00% of the company’s stock.

In other news, insider Andrew J. Paine III sold 46,854 shares of the business’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $18.56, for a total transaction of $869,610.24. Following the completion of the transaction, the insider now directly owns 110,052 shares in the company, valued at $2,042,565.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carlton L. Highsmith sold 7,600 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $18.39, for a total value of $139,764.00. Following the transaction, the director now owns 68,725 shares of the company’s stock, valued at $1,263,852.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 57,212 shares of company stock valued at $1,060,508. 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. Stockholders of record on Tuesday, February 27th will be issued a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Monday, February 26th. KeyCorp’s dividend payout ratio (DPR) is presently 37.50%.

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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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