KeyCorp (NYSE:KEY) – Stock analysts at B. Riley upped their Q1 2018 earnings per share estimates for shares of KeyCorp in a research report issued to clients and investors on Thursday. B. Riley analyst S. Moss now anticipates that the financial services provider will earn $0.40 per share for the quarter, up from their prior 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 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. KeyCorp had a return on equity of 10.35% and a net margin of 18.69%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $0.30 EPS. KeyCorp’s revenue was up 13.7% on a year-over-year basis.
KeyCorp (NYSE:KEY) opened at $21.19 on Friday. KeyCorp has a 52-week low of $16.28 and a 52-week high of $21.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.90 and a quick ratio of 0.89. The firm has a market capitalization of $22,790.00, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.65 and a beta of 1.09.
Several large investors have recently made changes to their positions in the stock. Comerica Securities Inc. grew its stake in shares of KeyCorp by 0.7% during the 2nd quarter. Comerica Securities Inc. now owns 11,535 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 83 shares during the period. Advisory Services Network LLC grew its stake in shares of KeyCorp by 0.8% during the 2nd quarter. Advisory Services Network LLC now owns 18,211 shares of the financial services provider’s stock valued at $341,000 after acquiring an additional 150 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of KeyCorp by 0.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,886 shares of the financial services provider’s stock valued at $466,000 after acquiring an additional 216 shares during the period. Sterling Capital Management LLC grew its stake in shares of KeyCorp by 1.0% during the 2nd quarter. Sterling Capital Management LLC now owns 75,132 shares of the financial services provider’s stock valued at $1,408,000 after acquiring an additional 757 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of KeyCorp by 3.8% during the 2nd quarter. Moors & Cabot Inc. now owns 33,646 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 1,230 shares during the period. Institutional investors own 80.91% of the company’s stock.
In related 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 approximately $2,042,565.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Paul N. Harris sold 2,758 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $18.54, for a total value of $51,133.32. The disclosure for this sale can be found here. Insiders have sold a total of 57,212 shares of company stock valued at $1,060,508 in the last ninety days. Insiders own 0.65% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be given a dividend of $0.105 per share. This represents a $0.42 annualized dividend and a dividend yield of 1.98%. KeyCorp’s payout ratio is currently 36.52%.
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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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