Baader Bank Aktiengesellschaft Acquires New Shares in KeyCorp $KEY

Baader Bank Aktiengesellschaft bought a new stake in shares of KeyCorp (NYSE:KEY) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,179 shares of the financial services provider’s stock, valued at approximately $465,000.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP lifted its position in KeyCorp by 90.2% during the third quarter. Wellington Management Group LLP now owns 36,370,694 shares of the financial services provider’s stock valued at $679,768,000 after acquiring an additional 17,245,128 shares during the last quarter. Norges Bank acquired a new stake in KeyCorp in the fourth quarter valued at approximately $262,688,000. Eurizon Capital SGR S.p.A. purchased a new position in KeyCorp in the fourth quarter worth $150,843,000. AQR Capital Management LLC grew its holdings in KeyCorp by 416.3% in the fourth quarter. AQR Capital Management LLC now owns 7,163,851 shares of the financial services provider’s stock worth $147,862,000 after purchasing an additional 5,776,417 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in KeyCorp by 132.7% in the fourth quarter. Deutsche Bank AG now owns 8,259,754 shares of the financial services provider’s stock worth $170,481,000 after purchasing an additional 4,709,698 shares during the last quarter. Institutional investors own 79.69% of the company’s stock.

KeyCorp Stock Performance

Shares of KEY stock opened at $23.02 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. KeyCorp has a 12-month low of $16.47 and a 12-month high of $24.07. The business’s 50 day moving average is $22.36 and its two-hundred day moving average is $21.56. The company has a market capitalization of $24.85 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.73 and a beta of 1.02.

KeyCorp (NYSE:KEY) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. KeyCorp had a net margin of 17.03% and a return on equity of 10.80%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that KeyCorp will post 1.82 EPS for the current fiscal year.

KeyCorp declared that its Board of Directors has approved a stock repurchase program on Wednesday, May 13th that authorizes the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 13% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

KeyCorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.205 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.82 dividend on an annualized basis and a yield of 3.6%. KeyCorp’s dividend payout ratio (DPR) is presently 50.31%.

Key Headlines Impacting KeyCorp

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: KeyCorp beat Q2 earnings estimates with adjusted EPS of $0.44, ahead of Wall Street’s $0.42 forecast, while revenue rose 6.7% year over year to $1.96 billion. KEYCORP REPORTS SECOND QUARTER 2026 NET INCOME OF $472 MILLION, OR $0.44 PER DILUTED COMMON SHARE INCREASING 26% YEAR-OVER-YEAR
• Positive Sentiment: Net interest income increased 9% year over year and 2% sequentially, and net interest margin edged up to 2.89%, showing improving core banking profitability. KEYCORP REPORTS SECOND QUARTER 2026 NET INCOME OF $472 MILLION, OR $0.44 PER DILUTED COMMON SHARE INCREASING 26% YEAR-OVER-YEAR
• Positive Sentiment: Management highlighted momentum in priority growth businesses, including a 9% quarter-over-quarter increase in investment banking pipelines and double-digit fee growth in commercial payments, supporting the outlook for continued growth. KeyCorp Expands US Middle Market Footprint and Targets European M&A
• Neutral Sentiment: The company reaffirmed its growth path in the earnings call, with analysts pointing to continued margin expansion and stronger fee income as key themes. KeyCorp (KEY) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: KeyCorp also updated its FY2026 revenue guidance to $8.0 billion-$8.1 billion, broadly in line with consensus, which should keep investor focus on execution rather than a big change in outlook.

Insider Buying and Selling

In other news, insider Angela G. Mago sold 22,826 shares of KeyCorp stock in a transaction on Friday, May 8th. The stock was sold at an average price of $21.66, for a total transaction of $494,411.16. Following the transaction, the insider owned 281,564 shares in the company, valued at $6,098,676.24. The trade was a 7.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of KeyCorp from $24.00 to $27.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. Weiss Ratings raised shares of KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Piper Sandler upped their price target on shares of KeyCorp from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. raised their price target on shares of KeyCorp from $22.50 to $24.50 and gave the stock a “neutral” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of KeyCorp from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, KeyCorp presently has a consensus rating of “Moderate Buy” and an average target price of $47.34.

About KeyCorp

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.