KeyCorp (NYSE:KEY) – Analysts at Jefferies Group issued their Q4 2016 earnings per share (EPS) estimates for KeyCorp in a research report issued on Tuesday. Jefferies Group analyst K. Usdin anticipates that the brokerage will post earnings of $0.26 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $14.00 target price on the stock.
KeyCorp (NYSE:KEY) last posted its earnings results on Tuesday, July 26th. The financial services provider reported $0.27 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.27. KeyCorp had a net margin of 17.81% and a return on equity of 8.46%. The firm earned $1.07 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis.
KEY has been the subject of several other research reports. Citigroup Inc. restated a “buy” rating on shares of KeyCorp in a research report on Wednesday, June 29th. JPMorgan Chase & Co. assumed coverage on shares of KeyCorp in a report on Monday, July 25th. They issued an “overweight” rating and a $14.00 price objective for the company. Wedbush assumed coverage on shares of KeyCorp in a report on Thursday, October 6th. They issued an “outperform” rating and a $15.00 price objective for the company. Morgan Stanley raised shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective for the company in a report on Tuesday, July 5th. Finally, Barclays PLC reaffirmed a “sell” rating on shares of KeyCorp in a report on Saturday, July 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. KeyCorp currently has a consensus rating of “Buy” and a consensus target price of $14.41.
KeyCorp (NYSE:KEY) traded up 1.747% during trading on Friday, reaching $12.525. 11,706,064 shares of the company’s stock traded hands. KeyCorp has a 12 month low of $9.88 and a 12 month high of $14.01. The stock has a market capitalization of $13.55 billion, a P/E ratio of 12.952 and a beta of 1.21. The company has a 50-day moving average of $12.38 and a 200 day moving average of $11.96.
Large investors have recently made changes to their positions in the company. BlackRock Group LTD boosted its stake in shares of KeyCorp by 0.3% in the first quarter. BlackRock Group LTD now owns 9,052,950 shares of the financial services provider’s stock worth $99,944,000 after buying an additional 25,898 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in shares of KeyCorp by 3.7% in the first quarter. BlackRock Japan Co. Ltd now owns 1,454,855 shares of the financial services provider’s stock worth $16,062,000 after buying an additional 51,704 shares during the last quarter. Sentry Investment Management LLC boosted its stake in shares of KeyCorp by 6.4% in the first quarter. Sentry Investment Management LLC now owns 49,134 shares of the financial services provider’s stock worth $542,000 after buying an additional 2,955 shares during the last quarter. Columbia Partners L L C Investment Management bought a new stake in shares of KeyCorp during the first quarter worth about $898,000. Finally, Menta Capital LLC bought a new stake in shares of KeyCorp during the first quarter worth about $609,000. 66.25% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for KeyCorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KeyCorp and related companies with MarketBeat.com's FREE daily email newsletter.