33,542 Shares in KeyCorp $KEY Bought by Summit Global Investments

Summit Global Investments purchased a new position in KeyCorp (NYSE:KEY) in the 1st quarter, Holdings Channel.com reports. The fund purchased 33,542 shares of the financial services provider’s stock, valued at approximately $673,000.

Several other institutional investors have also added to or reduced their stakes in KEY. Brighton Jones LLC purchased a new stake in KeyCorp during the 4th quarter valued at about $476,000. Woodline Partners LP increased its stake in KeyCorp by 41.4% in the 1st quarter. Woodline Partners LP now owns 84,156 shares of the financial services provider’s stock worth $1,346,000 after purchasing an additional 24,627 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of KeyCorp by 58.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,148 shares of the financial services provider’s stock valued at $90,000 after purchasing an additional 1,890 shares during the period. Cresset Asset Management LLC grew its holdings in shares of KeyCorp by 6.5% in the second quarter. Cresset Asset Management LLC now owns 15,097 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 926 shares during the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of KeyCorp in the second quarter worth approximately $186,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

KeyCorp Stock Performance

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

KeyCorp (NYSE:KEY) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.44 EPS for the quarter, topping 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 business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the prior year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. As a group, research analysts predict that KeyCorp will post 1.82 EPS for the current year.

KeyCorp declared that its board has approved a share buyback plan 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 plans are often an indication that the company’s leadership believes its stock is undervalued.

KeyCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid 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 presently 50.31%.

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 directly owned 281,564 shares in the company, 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 filing with the SEC, which is available at this link. 0.56% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on KEY. JPMorgan Chase & Co. upped their price target on shares of KeyCorp from $22.50 to $24.50 and gave the company a “neutral” rating in a report on Monday, July 6th. Weiss Ratings raised shares of KeyCorp from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Robert W. Baird boosted their price objective on shares of KeyCorp from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group upped their price objective on shares of KeyCorp from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Piper Sandler increased their target price on shares of KeyCorp from $23.00 to $24.00 and gave the stock an “overweight” rating in a 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. According to MarketBeat.com, KeyCorp currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.61.

Key KeyCorp News

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

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.