DA Davidson Has Lowered Expectations for KeyCorp (NYSE:KEY) Stock Price

KeyCorp (NYSE:KEY) had its price target reduced by investment analysts at DA Davidson from $22.00 to $21.00 in a report released on Friday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. DA Davidson’s price objective points to a potential upside of 23.82% from the company’s current price. DA Davidson also issued estimates for KeyCorp’s Q4 2025 earnings at $0.39 EPS.

Several other analysts also recently weighed in on the stock. Royal Bank Of Canada lifted their price target on shares of KeyCorp from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Jefferies Financial Group decreased their price target on shares of KeyCorp from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 24th. Keefe, Bruyette & Woods lifted their price target on shares of KeyCorp from $20.50 to $21.00 and gave the company an “outperform” rating in a research note on Friday, October 10th. Truist Financial decreased their price target on shares of KeyCorp from $20.00 to $19.00 and set a “hold” rating for the company in a research note on Friday. Finally, Wells Fargo & Company lifted their price target on shares of KeyCorp from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $20.86.

KeyCorp Stock Up 1.1%

Shares of NYSE:KEY opened at $16.96 on Friday. KeyCorp has a 1 year low of $12.73 and a 1 year high of $20.04. The business has a 50 day simple moving average of $18.56 and a two-hundred day simple moving average of $17.07. The firm has a market capitalization of $18.60 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15. 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 announced its earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business earned ($0.47) earnings per share. The company’s revenue for the quarter was up 172.7% compared to the same quarter last year. On average, equities analysts predict that KeyCorp will post 1.5 EPS for the current year.

Insider Buying and Selling

In related news, insider Andrew J. Paine III sold 44,953 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $19.29, for a total value of $867,143.37. Following the completion of the transaction, the insider owned 245,044 shares of the company’s stock, valued at $4,726,898.76. The trade was a 15.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Christopher M. Gorman sold 112,149 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.86, for a total transaction of $2,115,130.14. Following the completion of the transaction, the chief executive officer directly owned 619,895 shares of the company’s stock, valued at $11,691,219.70. This trade represents a 15.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 174,102 shares of company stock valued at $3,299,664 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of KeyCorp by 7.2% during the first quarter. Vanguard Group Inc. now owns 125,345,385 shares of the financial services provider’s stock worth $2,004,273,000 after purchasing an additional 8,412,625 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of KeyCorp by 40.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 50,954,013 shares of the financial services provider’s stock worth $814,756,000 after purchasing an additional 14,651,281 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of KeyCorp by 12.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 30,511,720 shares of the financial services provider’s stock worth $487,882,000 after purchasing an additional 3,327,972 shares in the last quarter. Geode Capital Management LLC increased its position in shares of KeyCorp by 1.5% during the second quarter. Geode Capital Management LLC now owns 24,676,571 shares of the financial services provider’s stock worth $428,084,000 after purchasing an additional 359,573 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of KeyCorp by 2.4% during the second quarter. Invesco Ltd. now owns 21,112,659 shares of the financial services provider’s stock worth $367,783,000 after purchasing an additional 488,730 shares in the last quarter. 79.69% of the stock is owned by institutional investors and hedge funds.

KeyCorp Company Profile

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.