KeyCorp (NYSE:KEY) Given New $21.00 Price Target at DA Davidson

KeyCorp (NYSE:KEY - Free Report) had its price target lifted by DA Davidson from $19.00 to $21.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the financial services provider's stock. DA Davidson also issued estimates for KeyCorp's Q3 2025 earnings at $0.37 EPS, FY2025 earnings at $1.45 EPS and FY2026 earnings at $1.79 EPS.

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods cut their target price on KeyCorp from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Monday, April 21st. Bank of America increased their price target on KeyCorp from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, June 16th. Evercore ISI set a $17.00 price objective on shares of KeyCorp in a research note on Monday, April 28th. Baird R W downgraded shares of KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Finally, Wall Street Zen raised shares of KeyCorp from a "sell" rating to a "hold" rating in a research report on Monday, April 21st. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $19.24.

KeyCorp Price Performance

NYSE:KEY traded down $0.33 during midday trading on Wednesday, hitting $18.48. 37,470,952 shares of the stock were exchanged, compared to its average volume of 22,181,122. The business has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $16.45. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of -263.93, a P/E/G ratio of 0.66 and a beta of 1.11. KeyCorp has a one year low of $12.73 and a one year high of $20.04.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The business had revenue of $1.84 billion for the quarter, compared to analysts' expectations of $1.81 billion. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%. The company's quarterly revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 EPS. Sell-side analysts predict that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be issued a $0.205 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.44%. KeyCorp's dividend payout ratio (DPR) is presently -482.35%.

Insider Transactions at KeyCorp

In related news, insider Amy G. Brady sold 19,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $16.09, for a total transaction of $305,710.00. Following the completion of the transaction, the insider directly owned 82,523 shares of the company's stock, valued at approximately $1,327,795.07. This represents a 18.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carlton L. Highsmith sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $16.60, for a total value of $83,000.00. Following the completion of the sale, the director directly owned 37,177 shares of the company's stock, valued at approximately $617,138.20. The trade was a 11.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tompkins Financial Corp bought a new stake in shares of KeyCorp during the 2nd quarter worth about $26,000. Fourth Dimension Wealth LLC acquired a new stake in KeyCorp during the 4th quarter worth approximately $28,000. Zions Bancorporation National Association UT acquired a new position in KeyCorp in the 1st quarter valued at $28,000. Allworth Financial LP lifted its holdings in shares of KeyCorp by 246.9% during the first quarter. Allworth Financial LP now owns 2,168 shares of the financial services provider's stock worth $32,000 after buying an additional 1,543 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of KeyCorp in the first quarter valued at about $34,000. 79.69% of the stock is currently owned by institutional investors.

About KeyCorp

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.