The Goldman Sachs Group Raises KeyCorp (NYSE:KEY) Price Target to $26.00

KeyCorp (NYSE:KEY) had its target price raised by analysts at The Goldman Sachs Group from $25.00 to $26.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 19.03% from the company’s previous close.

KEY has been the subject of several other reports. TD Cowen reiterated a “buy” rating on shares of KeyCorp in a research note on Wednesday, January 7th. Jefferies Financial Group upped their price objective on KeyCorp from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Friday. JPMorgan Chase & Co. cut their price objective on KeyCorp from $24.50 to $22.50 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley reduced their target price on KeyCorp from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 31st. Finally, Wells Fargo & Company set a $18.00 target price on KeyCorp and gave the stock an “underperform” rating in a report on Tuesday, January 6th. 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.13.

KeyCorp Price Performance

Shares of KEY opened at $21.84 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $20.75 and its 200 day simple moving average is $19.88. KeyCorp has a 1-year low of $13.68 and a 1-year high of $23.34. The company has a market cap of $23.43 billion, a price-to-earnings ratio of 14.37, a PEG ratio of 0.70 and a beta of 1.07.

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

Insider Activity

In other news, Director Trina M. Evans sold 32,695 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total value of $710,789.30. Following the completion of the sale, the director owned 58,719 shares of the company’s stock, valued at approximately $1,276,551.06. The trade was a 35.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Andrew J. Paine III sold 65,961 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the completion of the transaction, the insider owned 166,583 shares in the company, valued at $3,869,723.09. This trade represents a 28.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 161,506 shares of company stock valued at $3,597,481. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On KeyCorp

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its stake in KeyCorp by 90.2% during the 3rd quarter. Wellington Management Group LLP now owns 36,370,694 shares of the financial services provider’s stock worth $679,768,000 after acquiring an additional 17,245,128 shares during the period. Capital World Investors boosted its position in shares of KeyCorp by 169.2% during the 3rd quarter. Capital World Investors now owns 20,788,957 shares of the financial services provider’s stock worth $388,546,000 after acquiring an additional 13,067,326 shares in the last quarter. Norges Bank acquired a new position in KeyCorp during the fourth quarter valued at approximately $262,688,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of KeyCorp during the 4th quarter worth $150,843,000. Finally, AQR Capital Management LLC lifted its holdings in shares of KeyCorp by 416.3% in the fourth quarter. AQR Capital Management LLC now owns 7,163,851 shares of the financial services provider’s stock worth $147,862,000 after acquiring an additional 5,776,417 shares during the last quarter. 79.69% of the stock is currently owned by institutional investors.

Key KeyCorp News

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

KeyCorp Company Profile

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.