DA Davidson Has Negative Outlook for KeyCorp FY2026 Earnings

KeyCorp (NYSE:KEY) – Equities researchers at DA Davidson lowered their FY2026 EPS estimates for shares of KeyCorp in a report issued on Monday, April 21st. DA Davidson analyst P. Winter now expects that the financial services provider will earn $1.71 per share for the year, down from their prior estimate of $1.74. DA Davidson has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share.

Several other brokerages have also recently issued reports on KEY. Stephens reissued an “overweight” rating and set a $20.00 target price on shares of KeyCorp in a report on Wednesday, January 22nd. Morgan Stanley reiterated an “equal weight” rating on shares of KeyCorp in a research note on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on KeyCorp from $18.50 to $16.50 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Citigroup reiterated a “buy” rating on shares of KeyCorp in a research report on Thursday, April 17th. Finally, Baird R W upgraded KeyCorp from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Eight equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, KeyCorp presently has an average rating of “Moderate Buy” and a consensus target price of $19.15.

KeyCorp Trading Up 2.8 %

Shares of NYSE:KEY opened at $14.56 on Wednesday. The business has a 50-day moving average price of $15.55 and a 200-day moving average price of $17.08. The stock has a market cap of $15.95 billion, a price-to-earnings ratio of -48.53, a PEG ratio of 0.65 and a beta of 1.06. KeyCorp has a 52-week low of $12.73 and a 52-week high of $20.04. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.77 billion. KeyCorp had a positive return on equity of 8.73% and a negative net margin of 2.52%. During the same period in the prior year, the firm earned $0.20 EPS.

Institutional Investors Weigh In On KeyCorp

A number of hedge funds have recently modified their holdings of KEY. TCTC Holdings LLC grew its stake in KeyCorp by 38.6% during the 4th quarter. TCTC Holdings LLC now owns 2,195 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 611 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of KeyCorp by 16.0% during the 4th quarter. Signaturefd LLC now owns 4,453 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 614 shares during the last quarter. Modera Wealth Management LLC grew its position in shares of KeyCorp by 3.9% in the fourth quarter. Modera Wealth Management LLC now owns 16,521 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 627 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of KeyCorp by 2.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 24,679 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 631 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in KeyCorp by 5.7% during the fourth quarter. Ballentine Partners LLC now owns 12,855 shares of the financial services provider’s stock worth $220,000 after buying an additional 692 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Mohit Ramani acquired 10,000 shares of KeyCorp stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $13.75 per share, with a total value of $137,500.00. Following the purchase, the insider now owns 10,000 shares in the company, valued at $137,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Of Nova Scotia Bank acquired 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average price of $17.85 per share, for a total transaction of $892,500.00. Following the acquisition, the director now directly owns 162,983,726 shares in the company, valued at $2,909,259,509.10. This represents a 0.03 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have bought 60,180 shares of company stock worth $1,032,525. Insiders own 0.52% of the company’s stock.

KeyCorp announced that its Board of Directors has initiated a stock buyback plan on Thursday, March 13th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the financial services provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that 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 deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.