KeyCorp (KEY) – Research Analysts’ Recent Ratings Changes

KeyCorp (NYSE: KEY) has recently received a number of price target changes and ratings updates:

• 2/3/2025 – KeyCorp had its “neutral” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $18.50 price target on the stock.
• 1/22/2025 – KeyCorp had its “overweight” rating reaffirmed by analysts at Stephens. They now have a $20.00 price target on the stock.
• 1/22/2025 – KeyCorp had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $18.00 price target on the stock.
• 1/22/2025 – KeyCorp had its price target lowered by analysts at Keefe, Bruyette & Woods from $22.00 to $21.00. They now have an “outperform” rating on the stock.
• 1/22/2025 – KeyCorp had its price target lowered by analysts at Morgan Stanley from $23.00 to $22.00. They now have an “equal weight” rating on the stock.
• 1/22/2025 – KeyCorp had its price target lowered by analysts at DA Davidson from $22.00 to $21.00. They now have a “buy” rating on the stock.
• 1/7/2025 – KeyCorp is now covered by analysts at Truist Financial Co.. They set a “hold” rating and a $19.00 price target on the stock.
• 1/6/2025 – KeyCorp had its price target raised by analysts at Barclays PLC from $19.00 to $21.00. They now have an “equal weight” rating on the stock.

KeyCorp Price Performance

KEY stock opened at $17.52 on Tuesday. The company has a 50 day simple moving average of $17.71 and a 200 day simple moving average of $17.28. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of -58.39, a P/E/G ratio of 0.66 and a beta of 1.26. KeyCorp has a 1 year low of $13.10 and a 1 year high of $20.04. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.85 and a quick ratio of 0.84.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Tuesday, March 4th. KeyCorp’s dividend payout ratio is -273.32%.

Insider Buying and Selling

In other KeyCorp news, Director Of Nova Scotia Bank purchased 50,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was purchased at an average cost of $17.85 per share, for a total transaction of $892,500.00. Following the transaction, the director now owns 162,983,726 shares in the company, valued at $2,909,259,509.10. The trade was a 0.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On KeyCorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avanza Fonder AB acquired a new position in KeyCorp in the 4th quarter valued at approximately $1,618,000. Mirae Asset Global Investments Co. Ltd. increased its position in shares of KeyCorp by 14.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 657,913 shares of the financial services provider’s stock worth $10,928,000 after buying an additional 85,052 shares during the period. Dai ichi Life Insurance Company Ltd acquired a new stake in shares of KeyCorp during the third quarter worth $798,000. Prospector Partners LLC acquired a new stake in shares of KeyCorp during the third quarter worth $9,630,000. Finally, Natixis Advisors LLC increased its position in shares of KeyCorp by 17.9% during the third quarter. Natixis Advisors LLC now owns 689,469 shares of the financial services provider’s stock worth $11,549,000 after buying an additional 104,689 shares during the period. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.