KeyCorp (NYSE:KEY) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

KeyCorp (NYSE:KEY) had its target price upped by stock analysts at Keefe, Bruyette & Woods from $25.00 to $26.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 13.76% from the stock’s previous close.

Several other brokerages have also commented on KEY. Stephens assumed coverage on shares of KeyCorp in a report on Monday, June 15th. They issued an “overweight” rating and a $26.00 price objective on the stock. Truist Financial lifted their target price on shares of KeyCorp from $23.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Royal Bank Of Canada upped their price target on KeyCorp from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday. DA Davidson restated a “buy” rating and set a $28.00 price target on shares of KeyCorp in a research report on Wednesday. Finally, UBS Group lifted their price objective on KeyCorp from $25.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.61.

KeyCorp Trading Down 0.4%

Shares of NYSE:KEY traded down $0.10 during midday trading on Wednesday, reaching $22.86. 5,256,783 shares of the company’s stock were exchanged, compared to its average volume of 14,044,537. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.73 and a beta of 1.02. KeyCorp has a fifty-two week low of $16.47 and a fifty-two week high of $24.07. The firm’s 50 day simple moving average is $22.36 and its two-hundred day simple moving average is $21.56. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83.

KeyCorp (NYSE:KEY) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. KeyCorp had a net margin of 17.03% and a return on equity of 10.80%. KeyCorp’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, sell-side analysts forecast that KeyCorp will post 1.82 EPS for the current fiscal year.

KeyCorp announced that its board has authorized a share repurchase program on Wednesday, May 13th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 13% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other news, insider Angela G. Mago sold 22,826 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.66, for a total value of $494,411.16. Following the sale, the insider directly owned 281,564 shares in the company, valued at approximately $6,098,676.24. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Large investors have recently bought and sold shares of the stock. MCF Advisors LLC raised its holdings in shares of KeyCorp by 31.6% in the 4th quarter. MCF Advisors LLC now owns 1,898 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 456 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its position in shares of KeyCorp by 1.7% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 486 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of KeyCorp by 19.0% during the fourth quarter. Harbour Investments Inc. now owns 3,180 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 508 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of KeyCorp by 5.4% during the first quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 522 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its holdings in KeyCorp by 1.2% in the fourth quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock valued at $929,000 after buying an additional 524 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp News Roundup

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: KeyCorp reported Q2 EPS of $0.44, topping estimates, while net income rose 26% year over year to $472 million and revenue increased about 7% from a year ago. Article Title
• Positive Sentiment: Management highlighted improving fundamentals, including 9% growth in net interest income, a slightly higher net interest margin, and sequential loan growth, which supports the bank’s earnings outlook. Article Title
• Positive Sentiment: Analyst sentiment remained constructive, with Bank of America reiterating a Buy rating and Morgan Stanley noting loan growth can offset margin pressure. Robert W. Baird also raised its price target to $23.00. Article Title
• Neutral Sentiment: KeyCorp also raised 2026 guidance, but revenue guidance of $8.0 billion to $8.1 billion was roughly in line with expectations, limiting the near-term upside reaction. Article Title
• Negative Sentiment: Some reports flagged weaker-than-expected noninterest income and margin pressure, which may be tempering enthusiasm despite the earnings beat. Article Title

KeyCorp Company Profile

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.