KeyCorp (NYSE:KEY) Given New $23.00 Price Target at Robert W. Baird

KeyCorp (NYSE:KEY) had its price objective hoisted by Robert W. Baird from $22.00 to $23.00 in a research note released on Wednesday, MarketBeat reports. Robert W. Baird currently has a neutral rating on the financial services provider’s stock.

Several other analysts have also recently weighed in on the stock. Evercore reiterated an “outperform” rating on shares of KeyCorp in a research note on Tuesday, April 21st. The Goldman Sachs Group increased their target price on shares of KeyCorp from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. UBS Group raised their target price on shares of KeyCorp from $25.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Stephens started coverage on shares of KeyCorp in a research report on Monday, June 15th. They issued an “overweight” rating and a $26.00 price target for the company. Finally, Royal Bank Of Canada increased their price target on KeyCorp from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.61.

KeyCorp Stock Performance

Shares of NYSE KEY opened at $23.09 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.84 and a quick ratio of 0.83. The stock’s fifty day moving average price is $22.41 and its two-hundred day moving average price is $21.58. KeyCorp has a one year low of $16.47 and a one year high of $24.07. The firm has a market cap of $24.92 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.72 and a beta of 1.02.

KeyCorp (NYSE:KEY) last announced its earnings results on Tuesday, July 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. KeyCorp had a net margin of 17.83% and a return on equity of 11.23%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the business posted $0.35 earnings per share. KeyCorp’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts forecast that KeyCorp will post 1.82 EPS for the current year.

KeyCorp announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 13th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the financial services provider to purchase up to 13% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.205 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.6%. KeyCorp’s payout ratio is 50.31%.

Insiders Place Their Bets

In related news, insider Angela G. Mago sold 22,826 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,098,676.24. This trade represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DV Equities LLC bought a new stake in shares of KeyCorp during the 4th quarter valued at approximately $27,000. Maseco LLP acquired a new position in KeyCorp during the 4th quarter worth approximately $27,000. Smithfield Trust Co bought a new position in KeyCorp in the 4th quarter valued at approximately $31,000. True Wealth Design LLC lifted its stake in KeyCorp by 1,263.5% in the 4th quarter. True Wealth Design LLC now owns 1,718 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Kelleher Financial Advisors acquired a new stake in KeyCorp in the third quarter valued at approximately $32,000. 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: KeyCorp beat Q2 earnings estimates, reporting $0.44 per share versus $0.42 expected, while revenue came in at $1.96 billion and net income rose 26% year over year. The results were supported by higher net interest income, stronger fee income, loan growth, and lower provisions. Article KeyCorp Reports Second Quarter 2026 Net Income
• Positive Sentiment: Analysts are raising their outlooks after the earnings beat. Bank of America Securities reiterated a Buy rating with a $26 price target, Keefe, Bruyette & Woods raised its target to $26 and kept an Outperform rating, and other firms also lifted estimates, signaling improving sentiment around the bank’s earnings trajectory. Article Buy Rating Reaffirmed
• Positive Sentiment: Management highlighted momentum in growth initiatives such as investment banking, commercial payments, and wealth management, with pipelines and fee growth improving. That suggests the earnings beat may not be a one-quarter event. Article KeyCorp Expands US Middle Market Footprint and Targets European M&A
• Neutral Sentiment: Not all commentary was bullish: Morgan Stanley kept a Hold rating, and one analyst noted that weaker noninterest income and margin pressure could limit upside, even though loan growth remains supportive. Article Hold Rating Reiterated

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.