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.
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%.
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.
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