Basswood Capital Management L.L.C. Has $31.19 Million Stock Holdings in KeyCorp $KEY

Posted by Francis Steltz on Aug 27th, 2026

Basswood Capital Management L.L.C. trimmed its holdings in shares of KeyCorp (NYSE:KEY – Free Report) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,353,117 shares of the financial services provider’s stock after selling 66,432 shares during the period. KeyCorp makes up about 1.2% of Basswood Capital Management L.L.C.’s investment portfolio, making the stock its 20th biggest position. Basswood Capital Management L.L.C.’s holdings in KeyCorp were worth $31,189,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. DV Equities LLC bought a new position in KeyCorp during the fourth quarter worth about $27,000. N.E.W. Advisory Services LLC acquired a new stake in KeyCorp during the second quarter valued at approximately $30,000. Silvant Capital Management LLC bought a new stake in shares of KeyCorp in the 2nd quarter valued at approximately $30,000. Smithfield Trust Co bought a new stake in shares of KeyCorp in the 4th quarter valued at approximately $31,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in shares of KeyCorp in the 2nd quarter worth approximately $31,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

KeyCorp Stock Performance

NYSE:KEY opened at $22.10 on Thursday. The stock has a market capitalization of $23.58 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.72 and a beta of 1.03. The company has a current ratio of 0.84, a quick ratio of 0.83 and a debt-to-equity ratio of 0.63. KeyCorp has a 1 year low of $16.47 and a 1 year high of $24.07. The firm has a 50 day moving average of $22.87 and a 200-day moving average of $21.78.

KeyCorp (NYSE:KEY – Get Free Report) last released its quarterly 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 return on equity of 11.23% and a net margin of 17.83%.The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the company earned $0.35 EPS. KeyCorp’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, sell-side analysts anticipate that KeyCorp will post 1.83 EPS for the current fiscal year.

KeyCorp announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 13th that allows the company to repurchase $3.00 billion in shares. This repurchase authorization allows the financial services provider to purchase up to 13% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

KeyCorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.205 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.82 dividend on an annualized basis and a yield of 3.7%. KeyCorp’s payout ratio is currently 47.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KEY shares. JPMorgan Chase & Co. raised their target price on KeyCorp from $22.50 to $24.50 and gave the stock a “neutral” rating in a research report on Monday, July 6th. Robert W. Baird upped their price target on KeyCorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. DA Davidson reiterated a “buy” rating and set a $28.00 price objective on shares of KeyCorp in a research note on Wednesday, July 22nd. Morgan Stanley lifted their price objective on KeyCorp from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. Finally, Stephens initiated coverage on shares of KeyCorp in a research note on Monday, June 15th. They issued an “overweight” rating and a $26.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, KeyCorp has a consensus rating of “Moderate Buy” and a consensus target price of $49.14.

Get Our Latest Stock Report on KEY

KeyCorp Company Profile

(Free Report)

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.