KeyCorp (KEY) Expected to Earn Q4 2016 Earnings of $0.26 Per Share
KeyCorp (NYSE:KEY) – Equities researchers at Jefferies Group issued their Q4 2016 earnings per share estimates for shares of KeyCorp in a report released on Tuesday. Jefferies Group analyst K. Usdin forecasts that the brokerage will earn $0.26 per share for the quarter. Jefferies Group has a “Buy” rating and a $14.00 price objective on the stock.
A number of other equities research analysts have also weighed in on KEY. Zacks Investment Research lowered shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Tuesday, June 28th. Citigroup Inc. reissued a “buy” rating on shares of KeyCorp in a report on Wednesday, June 29th. Morgan Stanley raised shares of KeyCorp from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a report on Tuesday, July 5th. Nomura reissued a “buy” rating and set a $12.00 price objective on shares of KeyCorp in a report on Sunday, July 10th. Finally, Wells Fargo & Co. reissued a “hold” rating on shares of KeyCorp in a report on Saturday, July 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. KeyCorp presently has an average rating of “Buy” and a consensus target price of $14.41.
KeyCorp (NYSE:KEY) opened at 12.52 on Friday. KeyCorp has a 52-week low of $9.88 and a 52-week high of $14.01. The firm’s 50-day moving average price is $12.39 and its 200-day moving average price is $11.97. The company has a market cap of $13.55 billion, a price-to-earnings ratio of 12.95 and a beta of 1.21.
KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, July 26th. The financial services provider reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The business earned $1.07 billion during the quarter, compared to analyst estimates of $1.09 billion. KeyCorp had a return on equity of 8.46% and a net margin of 17.81%. KeyCorp’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS.
Hedge funds have recently made changes to their positions in the stock. MSI Financial Services Inc boosted its stake 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 in the last quarter. Wealthfront Inc. acquired a new stake in shares of KeyCorp during the second quarter valued at about $123,000. Sigma Investment Management Co boosted its stake in shares of KeyCorp by 11.0% in the second quarter. Sigma Investment Management Co now owns 11,454 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,135 shares in the last quarter. Regentatlantic Capital LLC acquired a new stake in shares of KeyCorp during the second quarter valued at about $134,000. Finally, Mizuho Asset Management Co. Ltd. boosted its stake in shares of 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 valued at $136,000 after buying an additional 5,639 shares in the last quarter. 66.25% of the stock is owned by 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.
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