Zacks Research Has Bullish Forecast for KeyCorp Q2 Earnings

KeyCorp (NYSE:KEY) – Analysts at Zacks Research increased their Q2 2025 earnings estimates for KeyCorp in a research note issued on Tuesday, April 1st. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $0.37 for the quarter, up from their prior forecast of $0.36. The consensus estimate for KeyCorp’s current full-year earnings is $1.50 per share. Zacks Research also issued estimates for KeyCorp’s Q3 2025 earnings at $0.38 EPS.

Several other analysts have also issued reports on the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $18.50 price objective on shares of KeyCorp in a research note on Monday, February 3rd. DA Davidson cut their price target on KeyCorp from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 price objective on shares of KeyCorp in a report on Wednesday, January 22nd. Citigroup cut their target price on shares of KeyCorp from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, Truist Financial decreased their price target on shares of KeyCorp from $19.00 to $18.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.42.

KeyCorp Stock Up 1.8 %

Shares of KEY stock opened at $16.08 on Thursday. KeyCorp has a 52-week low of $13.11 and a 52-week high of $20.04. The stock has a market cap of $17.77 billion, a price-to-earnings ratio of -53.60, a PEG ratio of 0.65 and a beta of 1.26. The firm’s 50-day moving average is $16.82 and its 200-day moving average is $17.41. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

Institutional Investors Weigh In On KeyCorp

Several hedge funds have recently modified their holdings of the company. Townsquare Capital LLC raised its position in KeyCorp by 34.0% in the third quarter. Townsquare Capital LLC now owns 34,715 shares of the financial services provider’s stock valued at $581,000 after purchasing an additional 8,814 shares during the last quarter. Public Sector Pension Investment Board lifted its holdings in KeyCorp by 1.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 161,783 shares of the financial services provider’s stock worth $2,710,000 after buying an additional 1,900 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of KeyCorp in the third quarter valued at about $185,000. Benjamin Edwards Inc. acquired a new position in shares of KeyCorp in the third quarter worth approximately $406,000. Finally, Hilltop Holdings Inc. bought a new stake in KeyCorp in the third quarter valued at approximately $393,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insider Activity at KeyCorp

In related news, Director Of Nova Scotia Bank bought 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were purchased at an average price of $17.85 per share, with a total value of $892,500.00. Following the completion of the purchase, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.61% of the stock is currently owned by insiders.

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

KeyCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.205 per share. The ex-dividend date was Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 5.10%. KeyCorp’s dividend payout ratio is currently -273.33%.

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.