KeyCorp (NYSE:KEY) – Analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for KeyCorp in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Usdin expects that the firm will post earnings per share of $0.26 for the quarter. Jefferies Group currently has a “Buy” rating and a $14.00 price objective on the stock. Jefferies Group also issued estimates for KeyCorp’s Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.34 EPS and Q4 2017 earnings at $0.35 EPS.
Other equities research analysts also recently issued reports about the stock. Nomura reiterated a “buy” rating on shares of KeyCorp in a research note on Saturday, July 9th. Wells Fargo & Co. reissued a “hold” rating on shares of KeyCorp in a report on Saturday, July 9th. Barclays PLC reissued a “sell” rating on shares of KeyCorp in a report on Saturday, July 9th. Citigroup Inc. reissued a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. Finally, FBR & Co raised shares of KeyCorp from a “market perform” rating to an “outperform” rating and set a $12.50 target price for the company in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $14.41.
KeyCorp (NYSE:KEY) opened at 12.52 on Thursday. KeyCorp has a one year low of $9.88 and a one year high of $14.01. The firm has a market cap of $13.55 billion, a PE ratio of 12.95 and a beta of 1.21. The company’s 50-day moving average is $12.39 and its 200-day moving average is $11.97.
KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.27. The firm earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.09 billion. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.27 earnings per share.
A number of institutional investors have recently modified their holdings of KEY. MSI Financial Services Inc boosted its position in shares of KeyCorp by 10.6% in the third quarter. MSI Financial Services Inc now owns 8,993 shares of the financial services provider’s stock valued at $109,000 after buying an additional 860 shares during the period. Wealthfront Inc. acquired a new stake in KeyCorp during the second quarter worth approximately $123,000. Sigma Investment Management Co boosted its stake in KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock worth $127,000 after buying an additional 1,135 shares during the last quarter. Regentatlantic Capital LLC acquired a new stake in KeyCorp during the second quarter worth approximately $134,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in KeyCorp by 84.1% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 12,341 shares of the financial services provider’s stock worth $136,000 after buying an additional 5,639 shares during the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.
KeyCorp is a bank holding company. The Bank operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, the Company provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, commercial mortgage servicing and special servicing, and investment banking products and services to individual, corporate and institutional clients.
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