KeyCorp (NYSE:KEY) – Equities researchers at B. Riley increased their Q1 2018 earnings estimates for KeyCorp in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now expects that the financial services provider will post earnings per share of $0.40 for the quarter, up from their previous estimate of $0.36. B. Riley also issued estimates for KeyCorp’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.44 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.43 EPS, Q2 2019 earnings at $0.44 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.80 EPS.
KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 19th. The financial services provider reported $0.35 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s quarterly revenue was up 13.7% on a year-over-year basis.
Shares of KeyCorp (NYSE KEY) opened at $21.42 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.89 and a debt-to-equity ratio of 1.06. KeyCorp has a 12-month low of $16.28 and a 12-month high of $21.47. The stock has a market cap of $22,787.72, a price-to-earnings ratio of 18.79, a PEG ratio of 1.62 and a beta of 1.10.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 yield of 1.96%. KeyCorp’s payout ratio is 36.84%.
In related news, Director Carlton L. Highsmith sold 7,600 shares of the stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $18.39, for a total transaction of $139,764.00. Following the completion of the transaction, the director now owns 68,725 shares in the company, valued at $1,263,852.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth R. Gile bought 1,374 shares of KeyCorp stock in a transaction that occurred on Wednesday, November 22nd. The shares were acquired at an average price of $18.23 per share, with a total value of $25,048.02. Following the acquisition, the director now directly owns 24,989 shares of the company’s stock, valued at approximately $455,549.47. The disclosure for this purchase can be found here. Insiders have sold 57,212 shares of company stock valued at $1,060,508 in the last 90 days. 0.65% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in KEY. Beach Investment Management LLC. acquired a new stake in KeyCorp in the second quarter valued at $241,000. Atlantic Trust Group LLC acquired a new stake in KeyCorp in the second quarter valued at $307,000. Schroder Investment Management Group lifted its stake in KeyCorp by 318.8% in the second quarter. Schroder Investment Management Group now owns 271,790 shares of the financial services provider’s stock valued at $5,090,000 after acquiring an additional 206,890 shares during the last quarter. AXA lifted its stake in KeyCorp by 2.2% in the second quarter. AXA now owns 64,919 shares of the financial services provider’s stock valued at $1,217,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in KeyCorp by 1.9% in the second quarter. Alliancebernstein L.P. now owns 1,864,790 shares of the financial services provider’s stock valued at $34,946,000 after acquiring an additional 34,010 shares during the last quarter. Institutional investors and hedge funds own 80.91% of the company’s stock.
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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.
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