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

17 Apr 2026, 09:48 by Teresa Graham · The Cerbat Gem

KeyCorp (NYSE:KEY – Get Free Report) had its price target upped 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. Jefferies Financial Group’s target price indicates a potential upside of 5.33% from the stock’s current price.

KEY has been the topic of several other reports. Robert W. Baird set a $19.00 target price on shares of KeyCorp and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Stephens boosted their price objective on shares of KeyCorp from $21.00 to $23.00 and gave the company an “overweight” rating in a research note on Thursday, December 18th. Barclays increased their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Citigroup reaffirmed a “neutral” rating on shares of KeyCorp in a report on Wednesday, December 31st. Finally, Truist Financial reduced their price objective on shares of KeyCorp from $23.00 to $22.00 and set a “hold” rating for the company in a report on Monday, March 23rd. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.13.

Check Out Our Latest Report on KeyCorp

KeyCorp Stock Performance

Shares of KEY opened at $21.84 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.83. KeyCorp has a 1 year low of $13.68 and a 1 year high of $23.34. The stock has a market capitalization of $23.42 billion, a PE ratio of 14.52, a PEG ratio of 0.70 and a beta of 1.07. The stock has a 50-day simple moving average of $20.75 and a 200-day simple moving average of $19.88.

KeyCorp (NYSE:KEY – Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The financial services provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. KeyCorp had a net margin of 15.97% and a return on equity of 10.28%. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the company earned $0.38 earnings per share. KeyCorp’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts predict that KeyCorp will post 1.5 earnings per share for the current fiscal year.

Insider Activity at KeyCorp

In other KeyCorp 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 approximately $3,869,723.09. This represents a 28.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trina M. Evans sold 32,695 shares of KeyCorp stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $21.74, for a total transaction of $710,789.30. Following the sale, the director owned 58,719 shares of the company’s stock, valued at approximately $1,276,551.06. This represents a 35.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 161,506 shares of company stock valued at $3,597,481 over the last quarter. 0.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of KeyCorp by 2.7% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,013,977 shares of the financial services provider’s stock worth $37,641,000 after purchasing an additional 53,682 shares during the period. Synovus Financial Corp purchased a new stake in KeyCorp in the 3rd quarter valued at about $2,253,000. National Pension Service boosted its holdings in shares of KeyCorp by 30.6% in the 3rd quarter. National Pension Service now owns 198,659 shares of the financial services provider’s stock worth $3,713,000 after buying an additional 46,509 shares during the last quarter. Caisse Des Depots ET Consignations bought a new position in KeyCorp during the third quarter valued at $1,294,000. Finally, Xponance Inc. increased its stake in shares of KeyCorp by 31.0% in the third quarter. Xponance Inc. now owns 471,949 shares of the financial services provider’s stock worth $8,821,000 after purchasing an additional 111,753 shares in the last quarter. Institutional investors and hedge funds 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 and core operating strength — Key reported $0.44 EPS vs. $0.41 expected, revenue $1.95B (+10% YoY), net interest income +11% YoY and quarter-end loans up $2.6B; management repurchased $389M in the quarter. KEYCORP REPORTS FIRST QUARTER 2026 NET INCOME
Positive Sentiment: Aggressive buyback signal — management signaled at least $1.3B of 2026 share repurchases and emphasized capital returns as a priority, supporting EPS leverage and shareholder returns. KeyCorp signals at least $1.3B of 2026 buybacks
Positive Sentiment: Credit quality remains solid — nonperforming assets and net charge-offs stayed low and CET1 capital (~11.4%) provides headroom for buybacks and lending growth. KeyCorp Q1 results and metrics
Neutral Sentiment: Management tone mixed — earnings call conveyed cautious optimism: solid execution but awareness of market risk and a plan to manage margin and capital; analysts are watching guidance and margin targets. KeyCorp Earnings Call Highlights
Negative Sentiment: Net interest margin disappointed some investors — NIM of ~2.87% was viewed as short of some expectations and is a key driver for future earnings sensitivity. Net interest margin falls short
Negative Sentiment: Fee income outlook and M&A pressures — management warned market disruptions could dampen investment banking and M&A fees, which could reduce noninterest income if deal activity stalls. Uncertainty expected to hit M&A fees
Negative Sentiment: Near-term share reaction mixed — despite the quarter beat, some reports note shares dipped on guidance/margin concerns as investors weighed near-term headwinds vs. buybacks. Shares dip on guidance concerns

About KeyCorp

(Get Free Report)

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.