Andrew Paine III Sells 65,961 Shares of KeyCorp (NYSE:KEY) Stock

KeyCorp (NYSE:KEY) insider Andrew Paine III sold 65,961 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $23.23, for a total transaction of $1,532,274.03. Following the transaction, the insider directly owned 166,583 shares of the company’s stock, valued at $3,869,723.09. This represents a 28.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

KeyCorp Stock Down 0.3%

Shares of KEY traded down $0.06 during mid-day trading on Tuesday, reaching $22.95. The company had a trading volume of 11,439,455 shares, compared to its average volume of 15,400,864. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.83. The company has a market capitalization of $25.08 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The firm has a 50-day moving average price of $21.13 and a 200 day moving average price of $19.23. KeyCorp has a 52 week low of $12.73 and a 52 week high of $23.34.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. KeyCorp had a return on equity of 10.28% and a net margin of 15.97%.The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s quarterly revenue was up 131.8% compared to the same quarter last year. On average, sell-side analysts forecast that KeyCorp will post 1.5 EPS for the current year.

KeyCorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, March 3rd. KeyCorp’s dividend payout ratio (DPR) is currently 53.95%.

Key Headlines Impacting KeyCorp

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: Analyst upgrade pushed KEY to a one‑year high after a coverage change, which helped lift sentiment and may support further upside. Article Title
• Positive Sentiment: JPMorgan raised its price target from $22.00 to $24.50 (still “neutral”), implying roughly a 6–7% upside from current levels — a concrete near‑term catalyst for buyers. Article Title
• Positive Sentiment: Activist HoldCo said it will not pursue proxy fights at KeyCorp after the bank agreed to several requested changes, removing near‑term governance uncertainty and easing activist pressure. Article Title
• Positive Sentiment: KeyBank expanded its middle‑market offering by hiring a five‑person family office/private capital team, signaling growth emphasis in higher‑margin commercial businesses. Article Title
• Neutral Sentiment: Management presentations at UBS (and transcript) reiterated strategy, capital return priorities and recent financial results — useful for modeling but contained no new, market‑moving guidance. Article Title Transcript
• Neutral Sentiment: Bank of America conference transcript covered similar themes — execution on commercial growth and capital management — reinforcing the narrative but not creating an immediate swing. Article Title

Hedge Funds Weigh In On KeyCorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Prime Capital Investment Advisors LLC lifted its position in shares of KeyCorp by 1.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 28,498 shares of the financial services provider’s stock valued at $588,000 after acquiring an additional 486 shares in the last quarter. Harbour Investments Inc. raised its stake in KeyCorp by 19.0% during the 4th quarter. Harbour Investments Inc. now owns 3,180 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 508 shares during the period. Centennial Wealth Advisory LLC lifted its holdings in KeyCorp by 1.2% in the 4th quarter. Centennial Wealth Advisory LLC now owns 44,986 shares of the financial services provider’s stock worth $929,000 after purchasing an additional 524 shares in the last quarter. CoreCap Advisors LLC boosted its stake in KeyCorp by 4.6% in the 4th quarter. CoreCap Advisors LLC now owns 12,198 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 539 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake in KeyCorp by 2.7% in 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 period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KEY has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of KeyCorp from $20.00 to $24.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Keefe, Bruyette & Woods boosted their price target on KeyCorp from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. DA Davidson set a $25.00 price objective on KeyCorp in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of KeyCorp in a report on Monday, December 29th. Finally, Jefferies Financial Group upped their target price on shares of KeyCorp from $19.00 to $22.00 and gave the company a “hold” rating in a research note on Wednesday, December 10th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.03.

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.