Avanza Fonder AB Has $2 Million Position in KeyCorp $KEY

Avanza Fonder AB boosted its stake in shares of KeyCorp (NYSE:KEY) by 58.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,055 shares of the financial services provider’s stock after purchasing an additional 35,903 shares during the period. Avanza Fonder AB’s holdings in KeyCorp were worth $2,003,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KEY. Kingsview Wealth Management LLC lifted its position in shares of KeyCorp by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 21,255 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 568 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of KeyCorp by 4.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 15,912 shares of the financial services provider’s stock valued at $293,000 after acquiring an additional 627 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of KeyCorp by 0.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 154,818 shares of the financial services provider’s stock valued at $2,894,000 after acquiring an additional 660 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of KeyCorp by 0.9% in the third quarter. Sequoia Financial Advisors LLC now owns 81,236 shares of the financial services provider’s stock worth $1,518,000 after acquiring an additional 694 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its position in KeyCorp by 3.1% during the third quarter. Hilltop Holdings Inc. now owns 27,538 shares of the financial services provider’s stock worth $515,000 after acquiring an additional 824 shares during the period. Institutional investors and hedge funds own 79.69% of the company’s stock.

Insiders Place Their Bets

In other KeyCorp news, insider Angela G. Mago sold 62,850 shares of KeyCorp stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $21.55, for a total transaction of $1,354,417.50. Following the completion of the transaction, the insider directly owned 261,415 shares of the company’s stock, valued at approximately $5,633,493.25. This trade represents a 19.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Trina M. Evans sold 32,695 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $21.74, for a total transaction of $710,789.30. Following the completion of the sale, the director owned 58,719 shares in the company, valued at $1,276,551.06. This represents a 35.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 161,506 shares of company stock worth $3,597,481 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

KEY has been the subject of several research analyst reports. Argus upped their target price on shares of KeyCorp from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. 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 report on Monday, February 9th. Truist Financial cut their price objective on shares of KeyCorp from $23.00 to $22.00 and set a “hold” rating for the company in a research report on Monday. Citigroup reiterated a “neutral” rating on shares of KeyCorp in a research note on Wednesday, December 31st. Finally, TD Cowen reissued a “buy” rating on shares of KeyCorp in a research report on Wednesday, January 7th. Twelve research 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. Based on data from MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $22.97.

KeyCorp Stock Up 0.8%

Shares of KEY stock opened at $19.82 on Wednesday. KeyCorp has a one year low of $12.73 and a one year high of $23.34. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a fifty day moving average price of $21.04 and a 200 day moving average price of $19.68. The stock has a market cap of $21.59 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.59 and a beta of 1.08.

KeyCorp (NYSE:KEY) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $5.45 billion for the quarter, compared to analyst estimates of $1.95 billion. KeyCorp had a net margin of 15.97% and a return on equity of 10.28%. The firm’s revenue was up 131.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 EPS. Analysts predict that KeyCorp will post 1.5 earnings per share for the current year.

KeyCorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Tuesday, March 3rd were given a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Tuesday, March 3rd. KeyCorp’s dividend payout ratio is 53.95%.

KeyCorp News Roundup

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.