Cwm LLC Raises Stake in KeyCorp $KEY

Key Points

• Cwm LLC increased its stake in KeyCorp by 159% in Q4, owning 130,736 shares worth $2.698 million after adding 80,257 shares.
• KeyCorp beat Q1 estimates (EPS $0.44 vs. $0.41) with revenue up ~10% to $1.95B and unveiled a US$1 billion share buyback to support near‑term EPS and valuation.
• KeyCorp announced a definitive agreement to acquire Clearwater UK, giving the bank its first strategic foothold in Western Europe to bolster its middle‑market M&A/advisory franchise.

Cwm LLC raised its holdings in KeyCorp (NYSE:KEY - Free Report) by 159.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,736 shares of the financial services provider's stock after acquiring an additional 80,257 shares during the period. Cwm LLC's holdings in KeyCorp were worth $2,698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KEY. Wellington Management Group LLP raised its holdings in shares of KeyCorp by 90.2% in the 3rd quarter. Wellington Management Group LLP now owns 36,370,694 shares of the financial services provider's stock valued at $679,768,000 after acquiring an additional 17,245,128 shares in the last quarter. Capital World Investors raised its holdings in shares of KeyCorp by 169.2% in the 3rd quarter. Capital World Investors now owns 20,788,957 shares of the financial services provider's stock valued at $388,546,000 after acquiring an additional 13,067,326 shares in the last quarter. Two Sigma Investments LP purchased a new stake in shares of KeyCorp in the 3rd quarter valued at about $66,683,000. Victory Capital Management Inc. raised its holdings in shares of KeyCorp by 39.6% in the 3rd quarter. Victory Capital Management Inc. now owns 6,856,534 shares of the financial services provider's stock valued at $128,149,000 after acquiring an additional 1,945,368 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of KeyCorp by 49.3% in the 3rd quarter. Barclays PLC now owns 5,237,786 shares of the financial services provider's stock valued at $97,894,000 after acquiring an additional 1,730,046 shares in the last quarter. Hedge funds and other institutional investors own 79.69% of the company's stock.

KeyCorp News Summary

Here are the key news stories impacting KeyCorp this week:

• Positive Sentiment: KeyCorp announced a definitive agreement to acquire Clearwater Corporate Finance LLP (Clearwater UK), giving Key its first strategic foothold in Western Europe and bolstering its middle‑market M&A/advisory franchise — a revenue and fee‑generation opportunity that supports long‑term growth in investment banking. KeyCorp to Acquire Clearwater UK, Expanding Financial Advisory Capabilities
• Positive Sentiment: Key reported a solid Q1 (EPS $0.44 vs. $0.41 consensus; revenue up ~10% y/y to $1.95B) and unveiled a US$1B share buyback program — both supportive of near‑term EPS accretion and valuation multiple expansion. This combination is a clear positive for shareholder returns. KeyCorp (KEY) Valuation Check After Strong Q1 Results And New US$1b Share Buyback Program
• Neutral Sentiment: Analysts’ Q1‑call questions highlighted key monitoring areas (capital returns, credit trends, margin/expense outlook and deployment of the buyback). These items set the metrics investors will watch but are not immediate binary catalysts. 5 Must-Read Analyst Questions From KeyCorp’s Q1 Earnings Call
• Neutral Sentiment: Third‑party analyst commentary grouped Key with peers when discussing industry dynamics; useful context but not a standalone catalyst. Monitor further analyst revisions for guidance on ratings or targets. Analysts Offer Insights on Financial Companies: Visa (V), Zions (ZION) and KeyCorp (KEY)
• Negative Sentiment: The acquisition details did not disclose financial terms publicly, leaving near‑term earnings impact, integration costs and regulatory approvals unclear — factors that can introduce short‑term uncertainty and temper upside until more detail is provided. KeyCorp to acquire UK-based Clearwater Corporate Finance, terms undisclosed

KeyCorp Price Performance

Shares of KeyCorp stock opened at $22.03 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $23.63 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 0.71 and a beta of 1.07. The business's 50-day moving average price is $20.68 and its 200-day moving average price is $20.00. KeyCorp has a 12 month low of $14.43 and a 12 month high of $23.34.

KeyCorp (NYSE:KEY - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.93 billion. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The company's revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.38 EPS. Sell-side analysts forecast that KeyCorp will post 1.81 EPS for the current fiscal year.

Insider Activity

In other news, insider Angela G. Mago sold 62,850 shares of the stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $21.55, for a total transaction of $1,354,417.50. Following the transaction, the insider directly owned 261,415 shares in the company, valued at approximately $5,633,493.25. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew J. Paine III sold 65,961 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $23.23, for a total value of $1,532,274.03. Following the transaction, the insider owned 166,583 shares in the company, valued at $3,869,723.09. This trade represents a 28.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KEY has been the topic of several recent analyst reports. Piper Sandler raised their price target on KeyCorp from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, April 17th. Morgan Stanley lowered their price target on KeyCorp from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 31st. Royal Bank Of Canada raised their price target on KeyCorp from $22.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, April 17th. Evercore reaffirmed an "outperform" rating on shares of KeyCorp in a report on Tuesday. Finally, Barclays raised their price target on KeyCorp from $20.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $23.13.

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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