Summit Global Investments acquired a new position in shares of KeyCorp (NYSE:KEY – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,542 shares of the financial services provider’s stock, valued at approximately $673,000.
Several other large investors have also added to or reduced their stakes in the stock. Maseco LLP purchased a new position in KeyCorp during the 4th quarter valued at about $27,000. DV Equities LLC purchased a new stake 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 valued at approximately $31,000. Kelleher Financial Advisors bought a new position in shares of KeyCorp in the third quarter valued at approximately $32,000. Finally, True Wealth Design LLC grew its stake in KeyCorp by 1,263.5% during the fourth quarter. True Wealth Design LLC now owns 1,718 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 1,592 shares in the last quarter. Institutional investors own 79.69% of the company’s stock.
KeyCorp News Roundup
Here are the key news stories impacting KeyCorp this week:
- Positive Sentiment: KeyCorp beat Q2 earnings estimates, reporting $0.44 per share versus $0.42 expected, while revenue came in at $1.96 billion and net income rose 26% year over year. The results were supported by higher net interest income, stronger fee income, loan growth, and lower provisions. Article KeyCorp Reports Second Quarter 2026 Net Income
- Positive Sentiment: Analysts are raising their outlooks after the earnings beat. Bank of America Securities reiterated a Buy rating with a $26 price target, Keefe, Bruyette & Woods raised its target to $26 and kept an Outperform rating, and other firms also lifted estimates, signaling improving sentiment around the bank’s earnings trajectory. Article Buy Rating Reaffirmed
- Positive Sentiment: Management highlighted momentum in growth initiatives such as investment banking, commercial payments, and wealth management, with pipelines and fee growth improving. That suggests the earnings beat may not be a one-quarter event. Article KeyCorp Expands US Middle Market Footprint and Targets European M&A
- Neutral Sentiment: Not all commentary was bullish: Morgan Stanley kept a Hold rating, and one analyst noted that weaker noninterest income and margin pressure could limit upside, even though loan growth remains supportive. Article Hold Rating Reiterated
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on KeyCorp
Insiders Place Their Bets
In other KeyCorp news, insider Angela G. Mago sold 22,826 shares of KeyCorp stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.66, for a total transaction of $494,411.16. Following the completion of the sale, the insider owned 281,564 shares of the company’s stock, valued at $6,098,676.24. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.56% of the stock is owned by insiders.
KeyCorp Trading Up 0.6%
Shares of KeyCorp stock opened at $23.09 on Thursday. 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 firm has a market cap of $24.92 billion, a PE ratio of 13.42, a PEG ratio of 0.72 and a beta of 1.02. The company has a 50 day simple moving average of $22.41 and a two-hundred day simple moving average of $21.58.
KeyCorp (NYSE:KEY – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. KeyCorp had a net margin of 17.83% and a return on equity of 11.23%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.97 billion. During the same quarter last year, the company posted $0.35 EPS. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Analysts expect that KeyCorp will post 1.82 earnings per share for the current fiscal year.
KeyCorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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%.
KeyCorp announced that its board has authorized a share buyback program on Wednesday, May 13th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 13% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
KeyCorp 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.
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