KeyCorp (NYSE:KEY) Given New $23.00 Price Target at Jefferies Financial Group

KeyCorp (NYSE:KEY) had its price objective raised by Jefferies Financial Group from $21.00 to $23.00 in a report issued on Friday,MarketScreener reports. The firm currently has a hold rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. DA Davidson set a $25.00 price objective on KeyCorp in a research note on Wednesday, January 21st. Wells Fargo & Company set a $18.00 price objective on KeyCorp and gave the company an “underperform” rating in a research note on Tuesday, January 6th. Stephens upped their price objective on KeyCorp from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Argus upped their price objective on KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Truist Financial reduced their price objective on KeyCorp from $23.00 to $22.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Twelve analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, KeyCorp has a consensus rating of “Moderate Buy” and a consensus price target of $23.13.

KeyCorp Trading Up 0.5%

Shares of KeyCorp stock opened at $21.79 on Friday. The stock has a fifty day simple moving average of $20.72 and a 200 day simple moving average of $19.90. KeyCorp has a 12-month low of $13.68 and a 12-month high of $23.34. The company has a market capitalization of $23.37 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.62.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. KeyCorp’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts anticipate that KeyCorp will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Andrew J. Paine III sold 65,961 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the transaction, the insider owned 166,583 shares of the company’s stock, valued at $3,869,723.09. This represents a 28.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela G. Mago sold 62,850 shares of the company’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $21.55, for a total value of $1,354,417.50. Following the transaction, the insider directly owned 261,415 shares in the company, valued at $5,633,493.25. This represents a 19.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 161,506 shares of company stock valued at $3,597,481 in the last 90 days. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. MCF Advisors LLC grew its position in KeyCorp by 31.6% during the 4th quarter. MCF Advisors LLC now owns 1,898 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 456 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in 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 acquiring an additional 486 shares during the last quarter. Harbour Investments Inc. grew its position in KeyCorp by 19.0% during the 4th quarter. Harbour Investments Inc. now owns 3,180 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 508 shares during the last quarter. Centennial Wealth Advisory LLC grew its position in KeyCorp by 1.2% during the 4th quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock worth $929,000 after acquiring an additional 524 shares during the last quarter. Finally, CoreCap Advisors LLC grew its position in KeyCorp by 4.6% during the 4th quarter. CoreCap Advisors LLC now owns 12,198 shares of the financial services provider’s stock worth $252,000 after acquiring an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp News Summary

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: Q1 beat on both top and bottom lines — EPS $0.44 vs. $0.41 consensus and revenue $1.95B (+10.2% y/y). Loan growth and rising net interest income were key drivers of the beat. KEY Q1 Earnings Beat
• Positive Sentiment: Share repurchase program and capital return: Key repurchased $389M in Q1 and signaled at least $1.3B of buybacks for 2026, supporting EPS recovery and shareholder return expectations. Buyback Signal
• Positive Sentiment: Broker upgrades/price target lifts: Multiple firms raised targets (Goldman Sachs and DA Davidson to $26; RBC to $24; Jefferies, Baird nudged targets), a near‑term support for the stock from analysts. Analyst Target Changes
• Neutral Sentiment: Management tone: CEO Chris Gorman described the consumer as “in good shape” on TV, offering reassurance on consumer demand even as certain business lines face headwinds. CEO Interview
• Neutral Sentiment: Operational metrics: NIM guidance and targets (management is targeting ~3.05% exit NIM), CET1 ~11.4%, and quarter‑end loans rose meaningfully — important context for medium‑term profitability but not an immediate catalyst. Q1 Press Release
• Negative Sentiment: Costs and provisions rose and expenses remain elevated; management flagged mixed capital ratios — these factors temper margin upside and valuation multiple expansion. Deep Dive
• Negative Sentiment: Weakness in investment‑banking / M&A fees and guidance caution led to an initial shares dip after the print; deal activity uncertainty is a risk for fee income going forward. Guidance Concerns

About KeyCorp

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.