Jefferies Financial Group Increases KeyCorp (NYSE:KEY) Price Target to $23.00

KeyCorp (NYSE:KEY) had its target price upped by research analysts at Jefferies Financial Group from $21.00 to $23.00 in a report released on Friday,MarketScreener reports. The firm currently has a “hold” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 5.56% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. TD Cowen reaffirmed a “buy” rating on shares of KeyCorp in a research note on Wednesday, January 7th. Argus increased their price objective on shares of KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Robert W. Baird set a $19.00 price objective on shares of KeyCorp and gave the company a “neutral” rating in a research note on Tuesday, February 24th. Morgan Stanley lowered their price objective on shares of KeyCorp from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of KeyCorp from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, KeyCorp has an average rating of “Moderate Buy” and an average target price of $23.13.

KeyCorp Stock Performance

NYSE:KEY opened at $21.79 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. KeyCorp has a fifty-two week low of $13.68 and a fifty-two week high of $23.34. The stock has a market cap of $23.37 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. The firm’s fifty day simple moving average is $20.72 and its 200-day simple moving average is $19.91.

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

Insider Activity at KeyCorp

In related news, insider Andrew J. Paine III sold 65,961 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $23.23, for a total value of $1,532,274.03. Following the sale, the insider directly owned 166,583 shares of the company’s stock, valued at approximately $3,869,723.09. This represents a 28.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Trina M. Evans sold 32,695 shares of the stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total transaction of $710,789.30. Following the completion of the sale, the director directly owned 58,719 shares in the company, valued at approximately $1,276,551.06. The trade was a 35.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 161,506 shares of company stock valued at $3,597,481. Insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KEY. United Community Bank purchased a new position in KeyCorp in the 3rd quarter valued at about $27,000. Maseco LLP purchased a new position in KeyCorp in the 4th quarter valued at about $27,000. DV Equities LLC purchased a new position in KeyCorp in the 4th quarter valued at about $27,000. GoalVest Advisory LLC purchased a new position in KeyCorp in the 4th quarter valued at about $30,000. Finally, Smithfield Trust Co purchased a new position in KeyCorp in the 4th quarter valued at about $31,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

More KeyCorp News

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.