DA Davidson Has Bearish Forecast for KeyCorp Q2 Earnings

KeyCorp (NYSE:KEY) – Stock analysts at DA Davidson decreased their Q2 2025 EPS estimates for KeyCorp in a report released on Friday, June 27th. DA Davidson analyst P. Winter now expects that the financial services provider will post earnings per share of $0.34 for the quarter, down from their previous forecast of $0.36. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share.

KeyCorp (NYSE:KEY) last posted its earnings results on Thursday, April 17th. The financial services provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.77 billion. KeyCorp had a negative net margin of 0.12% and a positive return on equity of 9.43%. During the same quarter last year, the company earned $0.20 earnings per share.

Other equities research analysts have also issued reports about the stock. Morgan Stanley reiterated an “equal weight” rating on shares of KeyCorp in a research report on Thursday, April 17th. Barclays lowered their price objective on shares of KeyCorp from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Monday, April 21st. Citigroup restated a “buy” rating on shares of KeyCorp in a report on Thursday, April 17th. Jefferies Financial Group began coverage on shares of KeyCorp in a report on Wednesday, May 21st. They issued a “hold” rating and a $18.00 price objective for the company. Finally, Cowen began coverage on shares of KeyCorp in a report on Wednesday, May 14th. They issued a “hold” rating for the company. Twelve equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.92.

KeyCorp Price Performance

Shares of NYSE:KEY opened at $17.23 on Monday. The company has a 50 day moving average of $15.81 and a 200 day moving average of $16.30. The stock has a market cap of $18.88 billion, a P/E ratio of -101.35, a P/E/G ratio of 0.64 and a beta of 1.10. KeyCorp has a 12 month low of $12.73 and a 12 month high of $20.04. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.75.

Institutional Trading of KeyCorp

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. boosted its stake in shares of KeyCorp by 110.3% during the fourth quarter. Whittier Trust Co. now owns 1,525 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Ethos Financial Group LLC bought a new stake in shares of KeyCorp in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new stake in shares of KeyCorp in the fourth quarter valued at about $28,000. Zions Bancorporation National Association UT bought a new stake in shares of KeyCorp in the first quarter valued at about $28,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of KeyCorp in the fourth quarter valued at about $34,000. 79.69% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other KeyCorp news, insider Amy G. Brady sold 19,000 shares of KeyCorp stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $16.09, for a total transaction of $305,710.00. Following the completion of the transaction, the insider now directly owns 82,523 shares of the company’s stock, valued at $1,327,795.07. The trade was a 18.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mohit Ramani bought 10,000 shares of the stock in a transaction dated Monday, April 21st. The shares were bought at an average cost of $13.75 per share, with a total value of $137,500.00. Following the completion of the purchase, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $137,500. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.52% of the stock is owned by insiders.

KeyCorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Tuesday, May 27th were paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Tuesday, May 27th. KeyCorp’s payout ratio is -482.35%.

KeyCorp announced that its board has authorized a stock repurchase plan on Thursday, March 13th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to repurchase up to 6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is 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.