Andra AP fonden Lowers Stock Holdings in KeyCorp $KEY

Andra AP fonden lowered its position in KeyCorp (NYSE:KEY) by 34.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 103,539 shares of the financial services provider’s stock after selling 53,761 shares during the quarter. Andra AP fonden’s holdings in KeyCorp were worth $2,076,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Maseco LLP bought a new stake in KeyCorp during the fourth quarter valued at about $27,000. DV Equities LLC bought a new position in shares of KeyCorp in the fourth quarter worth about $27,000. Smithfield Trust Co bought a new position in shares of KeyCorp in the fourth quarter worth about $31,000. Kelleher Financial Advisors purchased a new stake in shares of KeyCorp during the third quarter worth about $32,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of KeyCorp during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 79.69% of the company’s stock.

KeyCorp News Summary

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: Jim Cramer said regional banks have been a “fantastic place to be” and specifically recommended KeyCorp, reinforcing bullish sentiment toward the stock. Jim Cramer: ‘Regional Banks Have Been A Fantastic Place To Be’
• Positive Sentiment: Analysts have been raising their outlooks after KeyCorp’s Q2 beat, citing solid earnings and improving growth trends; Keefe, Bruyette & Woods lifted its target to $26 and kept an outperform rating. KeyCorp Analysts Increase Their Forecasts After Upbeat Q2 Earnings
• Positive Sentiment: Bank of America reiterated a Buy rating with a $26 target, saying guidance was raised for loan growth and net interest income, which supports the bullish case for KeyCorp. KeyCorp: Buy Rating Reaffirmed as 2026 Guidance Raised for Loan Growth and Net Interest Income, with $26 Price Target
• Positive Sentiment: Scotiabank said its stake in KeyCorp will add $82 million to third-quarter net income, a potentially meaningful tailwind for profitability. Scotiabank says stake in KeyCorp will add $82M to third-quarter net income
• Neutral Sentiment: Some coverage noted that KeyCorp’s stock underperformed peers on Tuesday, suggesting the rally may be uneven despite the improved fundamental and analyst backdrop. KeyCorp stock underperforms Tuesday when compared to competitors
• Negative Sentiment: One earnings-focused report said Q2 revenue was pressured by weaker-than-expected noninterest income and margin performance, which could temper enthusiasm around the quarter. KeyCorp’s Q2 revenue hit by weaker-than-expected noninterest income, margin trails consensus

KeyCorp Stock Performance

NYSE KEY opened at $22.69 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.84 and a quick ratio of 0.83. KeyCorp has a 1-year low of $16.47 and a 1-year high of $24.07. The business has a 50 day simple moving average of $22.44 and a two-hundred day simple moving average of $21.59. The stock has a market capitalization of $24.49 billion, a PE ratio of 13.19, a P/E/G ratio of 0.73 and a beta of 1.02.

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. KeyCorp had a return on equity of 11.23% and a net margin of 17.83%.The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. On average, research analysts predict that KeyCorp will post 1.82 EPS for the current fiscal year.

KeyCorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, September 1st. KeyCorp’s payout ratio is currently 50.31%.

KeyCorp announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 13th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 13% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research firms recently commented on KEY. Jefferies Financial Group boosted their price target on KeyCorp from $21.00 to $23.00 and gave the stock a “hold” rating in a report on Friday, April 17th. TD Cowen reaffirmed a “buy” rating and set a $68.00 price objective on shares of KeyCorp in a report on Tuesday, June 23rd. Stephens assumed coverage on shares of KeyCorp in a research report on Monday, June 15th. They set an “overweight” rating and a $26.00 price objective on the stock. Wall Street Zen cut shares of KeyCorp from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings raised shares of KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.14.

Insider Transactions at KeyCorp

In related news, insider Angela G. Mago sold 22,826 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $21.66, for a total transaction of $494,411.16. Following the sale, the insider owned 281,564 shares of the company’s stock, valued at $6,098,676.24. This represents a 7.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by insiders.

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.