Truist Financial Issues Pessimistic Forecast for KeyCorp (NYSE:KEY) Stock Price

KeyCorp (NYSE:KEY) had its price objective lowered by equities research analysts at Truist Financial from $23.00 to $22.00 in a report released on Monday,Benzinga reports. The firm presently has a “hold” rating on the financial services provider’s stock. Truist Financial’s target price would suggest a potential upside of 11.03% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Weiss Ratings upgraded KeyCorp from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods boosted their price objective on shares of KeyCorp from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their target price on shares of KeyCorp from $20.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, December 12th. 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. Finally, Argus upped their price target on shares of KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Twelve investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $22.97.

KeyCorp Stock Performance

NYSE KEY opened at $19.82 on Monday. KeyCorp has a 1-year low of $12.73 and a 1-year high of $23.34. The company has a market capitalization of $21.59 billion, a P/E ratio of 13.04, a PEG ratio of 0.59 and a beta of 1.08. The business has a 50 day moving average price of $21.04 and a 200 day moving average price of $19.68. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.82.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. The firm had revenue of $5.45 billion during the quarter, compared to analysts’ expectations of $1.95 billion. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.KeyCorp’s revenue was up 131.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 earnings per share. Sell-side analysts expect that KeyCorp will post 1.5 EPS for the current fiscal year.

Insider Activity at KeyCorp

In other news, insider Andrew J. Paine III sold 65,961 shares of KeyCorp 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 sale, the insider directly owned 166,583 shares in the company, valued at $3,869,723.09. The trade was a 28.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Trina M. Evans sold 32,695 shares of KeyCorp stock in a transaction dated 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 trade represents a 35.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 161,506 shares of company stock valued at $3,597,481. 0.52% of the stock is owned by insiders.

Institutional Trading of KeyCorp

A number of hedge funds have recently bought and sold shares of KEY. MCF Advisors LLC raised its holdings in KeyCorp by 31.6% in the 4th quarter. MCF Advisors LLC now owns 1,898 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 456 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of KeyCorp by 1.7% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 486 shares during the last quarter. Harbour Investments Inc. grew its position in shares of KeyCorp by 19.0% in the fourth quarter. Harbour Investments Inc. now owns 3,180 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 508 shares during the period. Centennial Wealth Advisory LLC grew its position in shares of KeyCorp by 1.2% in the fourth quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock valued at $929,000 after purchasing an additional 524 shares during the period. Finally, CoreCap Advisors LLC increased its stake in KeyCorp by 4.6% in the fourth quarter. CoreCap Advisors LLC now owns 12,198 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 539 shares during the last quarter. Institutional investors and hedge funds own 79.69% of the company’s stock.

Key Stories Impacting KeyCorp

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: Bank of Nova Scotia plans to raise its stake in KeyCorp to 19.99%, signaling a deeper strategic commitment to the U.S. franchise and potentially increasing investor confidence in KEY’s outlook. Read More.
• Positive Sentiment: KeyBank expanded its Middle Market commercial-banking presence with a five-person team in Atlanta, highlighting management’s push into high-growth U.S. markets that could drive loan and fee growth over time. Read More.
• Positive Sentiment: Market commentary notes KEY has outperformed the broader financial sector over the past year and analysts remain moderately bullish, which supports momentum-driven buying interest. Read More.
• Positive Sentiment: Zacks published a piece arguing KeyCorp may be undervalued based on earnings trends and valuation metrics, which can attract value-oriented investors. Read More.
• Neutral Sentiment: Underlying fundamentals remain a tailwind: KEY reported an earnings beat in January with outsized revenue growth year-over-year, supporting current valuation metrics (P/E ~13, PEG ~0.6) — a datapoint that both bulls and bears weigh when positioning.
• Negative Sentiment: Short interest rose materially in March (up ~28.6% vs. Feb), reaching ~24.2M shares (about 2.2% of shares), signaling increased bearish positioning that could pressure the stock if sentiment weakens.
• Negative Sentiment: Truist cut its price target on KEY from $23 to $22 and set a “hold” rating, a mild negative that trims upside expectations from some institutional accounts. Read More.

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.