Andrew Paine III Sells 65,961 Shares of KeyCorp (NYSE:KEY) Stock

KeyCorp (NYSE:KEY) insider Andrew Paine III sold 65,961 shares of the company’s stock in a transaction that occurred 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 sale, the insider 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link.

KeyCorp Trading Down 1.7%

NYSE KEY opened at $22.55 on Thursday. KeyCorp has a 52 week low of $12.73 and a 52 week high of $23.34. The firm has a 50 day moving average of $21.21 and a two-hundred day moving average of $19.25. The stock has a market capitalization of $24.64 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.55.

KeyCorp (NYSE:KEY) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. KeyCorp had a net margin of 15.97% and a return on equity of 10.28%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. The company’s revenue was up 131.8% compared to the same quarter last year. As a group, research analysts expect that KeyCorp will post 1.5 EPS for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 3rd. KeyCorp’s dividend payout ratio (DPR) is 53.95%.

Key KeyCorp News

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: Activist HoldCo has pivoted and now backs KeyCorp’s leadership, signaling it will not pursue proxy fights after KeyCorp made agreed changes — this removes a key governance overhang and is a clear positive catalyst. Activist HoldCo Pivots on KeyCorp
• Positive Sentiment: Analyst coverage has improved and an upgrade/re‑rating helped push KEY to a new one‑year high recently — analyst target increases provide momentum and underpin near‑term upside. KeyCorp Reaches New 1-Year High on Analyst Upgrade
• Positive Sentiment: KeyCorp declared a quarterly dividend of $0.205 (annualized ~$0.82, yield ~3.6%), supporting income investor interest and reducing downside for yield‑sensitive holders. KeyCorp stock page (dividend details)
• Neutral Sentiment: Management presented at UBS and Bank of America conferences; transcripts are available and offer updated commentary on strategy, capital deployment and loan growth but contained no market‑moving surprises. UBS presentation BofA transcript
• Negative Sentiment: Andrew J. Paine III, Head of Institutional Bank, sold 65,961 shares (~$1.53M) and reduced his stake by ~28% — large insider selling can prompt short‑term investor caution and add to selling flows despite company fundamentals. Insider sale disclosure

Hedge Funds Weigh In On KeyCorp

A number of hedge funds and other institutional investors have recently made changes to their positions in KEY. Marshall Wace LLP lifted its position in KeyCorp by 2,258.4% during the second quarter. Marshall Wace LLP now owns 2,572,980 shares of the financial services provider’s stock valued at $44,821,000 after buying an additional 2,463,880 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of KeyCorp by 23.2% during the 2nd quarter. Nordea Investment Management AB now owns 107,565 shares of the financial services provider’s stock valued at $1,867,000 after acquiring an additional 20,228 shares in the last quarter. Prudential Financial Inc. boosted its position in KeyCorp by 9.9% during the 2nd quarter. Prudential Financial Inc. now owns 575,108 shares of the financial services provider’s stock worth $10,018,000 after purchasing an additional 51,705 shares during the period. Korea Investment CORP boosted its position in KeyCorp by 175.5% during the 2nd quarter. Korea Investment CORP now owns 447,252 shares of the financial services provider’s stock worth $7,791,000 after purchasing an additional 284,928 shares during the period. Finally, HoldCo Asset Management LP acquired a new stake in KeyCorp in the 2nd quarter valued at $86,995,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of KeyCorp from $22.00 to $24.50 and gave the stock a “neutral” rating in a research report on Monday. Stephens boosted their price target on shares of KeyCorp from $21.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, December 18th. Wells Fargo & Company set a $18.00 price objective on shares of KeyCorp and gave the company an “underperform” rating in a research note on Tuesday, January 6th. Evercore lifted their target price on KeyCorp from $25.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Finally, Truist Financial boosted their target price on KeyCorp from $22.00 to $23.00 and gave the company a “hold” rating in a report on Monday, January 26th. Twelve equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, KeyCorp presently has a consensus rating of “Hold” and a consensus target price of $23.03.

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.