KeyCorp (NYSE:KEY) Stock Price Expected to Rise, Robert W. Baird Analyst Says

KeyCorp (NYSE:KEY) had its target price hoisted by equities research analysts at Robert W. Baird from $22.00 to $23.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s price objective points to a potential downside of 0.09% from the company’s current price.

Several other analysts have also recently weighed in on the company. TD Cowen restated a “buy” rating and set a $68.00 price target on shares of KeyCorp in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price objective on shares of KeyCorp from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Stephens assumed coverage on shares of KeyCorp in a research report on Monday, June 15th. They set an “overweight” rating and a $26.00 target price on the stock. Evercore reissued an “outperform” rating on shares of KeyCorp in a report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.39.

KeyCorp Trading Down 1.3%

NYSE KEY opened at $23.02 on Wednesday. The company has a market cap of $24.85 billion, a price-to-earnings ratio of 14.12, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. KeyCorp has a twelve month low of $16.47 and a twelve month high of $24.07. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. The business’s fifty day moving average is $22.36 and its 200 day moving average is $21.56.

KeyCorp (NYSE:KEY) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The business’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 firm earned $0.35 EPS. As a group, sell-side analysts expect that KeyCorp will post 1.82 EPS for the current fiscal year.

KeyCorp announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 13th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the financial services provider to buy up to 13% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, insider Angela G. Mago sold 22,826 shares of KeyCorp stock in a transaction that occurred 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 transaction, the insider directly owned 281,564 shares of the company’s stock, valued at $6,098,676.24. The trade was a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by company insiders.

Institutional Trading of KeyCorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of KeyCorp by 31.6% during 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 during the period. Prime Capital Investment Advisors LLC raised its stake in KeyCorp by 1.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 486 shares in the last quarter. Harbour Investments Inc. lifted its position in KeyCorp by 19.0% during the fourth quarter. Harbour Investments Inc. now owns 3,180 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 508 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in KeyCorp by 5.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 10,265 shares of the financial services provider’s stock worth $206,000 after buying an additional 522 shares in the last quarter. Finally, Centennial Wealth Advisory LLC grew its stake in KeyCorp by 1.2% in the 4th quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock worth $929,000 after buying an additional 524 shares in the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Key Stories Impacting KeyCorp

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: KeyCorp’s Q2 earnings beat expectations, helped by stronger net interest income, higher fee income, lower provisions, and loan growth. KeyCorp Q2 2026 earnings release
• Positive Sentiment: Management raised 2026 guidance for loan growth and net interest income, reinforcing confidence in the bank’s margin expansion and earnings trajectory. KeyCorp analyst rating update
• Positive Sentiment: Analysts and commentators highlighted improving profitability and margin expansion, while BofA kept a Buy rating and a $26 price target. KeyCorp earnings call commentary
• Neutral Sentiment: Some coverage noted revenue came in slightly below expectations and noninterest income/margins were a bit softer than hoped, which may temper the market’s enthusiasm. KeyCorp revenue and margin article
• Neutral Sentiment: CEO commentary on Scotiabank’s investment and the bank’s push into middle-market, payments, wealth management, and European M&A underscores the growth strategy, but is more of a long-term catalyst than an immediate earnings driver. KeyCorp strategy article

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.