SEB Asset Management AB Makes New $5.41 Million Investment in KeyCorp $KEY

SEB Asset Management AB acquired a new stake in shares of KeyCorp (NYSE:KEY) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 269,690 shares of the financial services provider’s stock, valued at approximately $5,407,000.

A number of other institutional investors have also recently made changes to their positions in KEY. Annis Gardner Whiting Capital Advisors LLC boosted its stake in KeyCorp by 2.3% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 36,914 shares of the financial services provider’s stock valued at $740,000 after buying an additional 836 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of KeyCorp by 4.7% during the 1st quarter. California Public Employees Retirement System now owns 1,766,616 shares of the financial services provider’s stock worth $35,421,000 after acquiring an additional 78,529 shares in the last quarter. Assetmark Inc. raised its holdings in shares of KeyCorp by 9.4% during the 1st quarter. Assetmark Inc. now owns 89,367 shares of the financial services provider’s stock worth $1,792,000 after acquiring an additional 7,653 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of KeyCorp by 17.5% during the 1st quarter. Bessemer Group Inc. now owns 19,172 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 2,858 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of KeyCorp by 6.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 50,567 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 3,246 shares during the last quarter. Hedge funds and other institutional investors own 79.69% of the company’s stock.

Trending Headlines about KeyCorp

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

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 22,826 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $21.66, for a total value 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. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.56% of the stock is currently owned by insiders.

KeyCorp Stock Performance

NYSE KEY opened at $23.09 on Thursday. The company has a market cap of $24.92 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.72 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.83 and a current ratio of 0.84. The business’s 50 day moving average price is $22.41 and its 200-day moving average price is $21.58. KeyCorp has a fifty-two week low of $16.47 and a fifty-two week high of $24.07.

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

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

KeyCorp Announces Dividend

The company 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 $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 1st. KeyCorp’s dividend payout ratio is 50.31%.

Wall Street Analysts Forecast Growth

KEY has been the subject of a number of recent research reports. Weiss Ratings raised shares of KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods increased their price objective on shares of KeyCorp from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday. Morgan Stanley lifted their price objective on shares of KeyCorp from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Wall Street Zen downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, The Goldman Sachs Group upped their target price on shares of KeyCorp from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.61.

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.