KeyCorp (NYSE:KEY – Get Rating) is expected to release quarterly earnings data before market open Thursday, April 21. Analysts expect the company to report earnings of $0.49 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
KeyCorp (NYSE:KEY – Get Rating) last released its quarterly results on Thursday, January 20. The financial services provider reported EPS of $0.64 for the quarter, beating the consensus estimate of $0.57 by $0.07. The company posted revenue of $1.95 billion in the quarter, compared to $1.80 billion expected by analysts. KeyCorp had a net margin of 33.32% and a return on equity of 15.93%. The company’s quarterly revenue increased 5.5% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $0.56. On average, analysts expect KeyCorp to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.
NYSE KEY opened at $20.58 on Thursday. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt ratio of 0.78. The stock has a market capitalization of $18.94 billion, a PE ratio of 7.83, a growth price-earnings ratio of 0.52 and a beta of 1.32. KeyCorp has a 12-month low of $17.90 and a 12-month high of $27.17. The company has a 50-day moving average price of $23.85 and a two-hundred-day moving average price of $23.79.
Separately, director Carlton L. Highsmith sold 5,362 shares of the company in a trade on Monday, March 7. The shares were sold at an average price of $22.86, for a total value of $122,575.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this hyperlink. 0.54% of the shares are currently held by insiders.
A number of large investors have recently increased or reduced their stakes in the stock. Parametric Portfolio Associates LLC increased its stake in KeyCorp by 1.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 6,961,573 shares of the financial services provider valued at $161,021,000 after purchasing an additional 92,638 shares in the last quarter. California State Teachers Retirement System increased its stake in KeyCorp by 0.7% during the 4th quarter. California State Teachers Retirement System now owns 1,713,596 shares of the financial services provider valued at $39,635,000 after buying 11,354 additional shares in the last quarter. Stifel Financial Corp increased its stake in KeyCorp by 6.4% during the 4th quarter. Stifel Financial Corp now owns 437,921 shares of the financial services provider valued at $10,129,000 after buying an additional 26,321 shares in the last quarter. Boston Private Wealth LLC increased its stake in KeyCorp by 322.3% during the 4th quarter. Boston Private Wealth LLC now owns 113,998 shares of the financial services provider valued at $2,636,000 after purchasing an additional 87,006 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in KeyCorp by 1,218.1% during the 4th quarter. Cubist Systematic Strategies LLC now owns 108,148 shares of the financial services provider valued at $2,501,000 after purchasing an additional 99,943 shares in the last quarter. Hedge funds and other institutional investors own 82.83% of the company’s shares.
KEY has been the subject of several recent research reports. Wells Fargo & Company moved KeyCorp shares from an “underweight” rating to an “overweight” rating and raised its target price for the stock from $23.00 to $27.00 in a report of search Monday. Credit Suisse Group upgraded KeyCorp shares from a “neutral” rating to an “outperforming” rating in a Tuesday, February 8 research report. Piper Sandler lowered its price target on KeyCorp shares from $27.00 to $26.00 and set a “neutral” rating for the company in a Wednesday, March 2 research report. StockNews.com launched coverage on KeyCorp shares in a research report on Thursday, March 31. They issued a “holding” rating for the company. Finally, Odeon Capital Group upgraded KeyCorp shares from a “hold” rating to a “buy” rating in a Friday, Jan. 7 research report. Six equity research analysts gave the stock a hold rating, eight gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $27.21.
About KeyCorp (Get a rating)
KeyCorp operates as a holding company of the KeyBank National Association which provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The Company offers various investment deposits, products and services; and personal finance and financial wellness, student loan refinance, mortgage and home equity, loans, credit cards, cash flow, business consulting, wealth management, asset management, investing, cash management, management portfolio, trust and related services to individuals and small and medium-sized businesses.
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