Evergreen Capital Management LLC Invests $1.38 Million in KeyCorp $KEY

Key Points

• Evergreen Capital Management acquired a new position of 66,798 shares (~$1.38 million) in KeyCorp during Q4, contributing to the stock's high institutional ownership (~79.7%).
• KeyCorp reported a solid Q1 (EPS $0.44 vs. $0.41 consensus; revenue +~10% y/y to $1.95B), announced a $1 billion share buyback, and agreed to acquire Clearwater UK to expand its investment banking footprint in Western Europe.
• Two insiders executed large sales (Angela Mago sold 62,850 shares and Andrew J. Paine III sold 65,961 shares), materially reducing their stakes and leaving insiders with just 0.56% ownership.

Evergreen Capital Management LLC acquired a new position in shares of KeyCorp (NYSE:KEY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 66,798 shares of the financial services provider's stock, valued at approximately $1,379,000.

Other hedge funds also recently made changes to their positions in the company. Maseco LLP bought a new position in shares of KeyCorp during the fourth quarter worth about $27,000. United Community Bank bought a new position in shares of KeyCorp during the third quarter worth about $27,000. GoalVest Advisory LLC bought a new position in shares of KeyCorp during the fourth quarter worth about $30,000. True Wealth Design LLC increased its holdings in KeyCorp by 1,263.5% in the fourth quarter. True Wealth Design LLC now owns 1,718 shares of the financial services provider's stock worth $35,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Sachetta LLC increased its holdings in KeyCorp by 1,246.1% in the third quarter. Sachetta LLC now owns 1,723 shares of the financial services provider's stock worth $32,000 after purchasing an additional 1,595 shares in the last quarter. 79.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KEY shares. Wells Fargo & Company set a $18.00 target price on KeyCorp and gave the stock an "underperform" rating in a report on Tuesday, January 6th. Royal Bank Of Canada lifted their target price on KeyCorp from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. Piper Sandler lifted their target price on KeyCorp from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, April 17th. JPMorgan Chase & Co. lowered their target price on KeyCorp from $24.50 to $22.50 and set a "neutral" rating for the company in a report on Tuesday, April 7th. Finally, Argus lifted their target price on KeyCorp from $21.00 to $25.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Twelve analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $23.13.

Insider Activity at KeyCorp

In other news, insider Angela G. Mago sold 62,850 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the insider owned 261,415 shares in the company, valued at $5,633,493.25. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Andrew J. Paine III sold 65,961 shares of the business'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 value of $1,532,274.03. Following the sale, the insider owned 166,583 shares of the company's stock, valued at approximately $3,869,723.09. This represents a 28.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.56% of the company's stock.

Key Stories Impacting KeyCorp

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 Trading Down 0.1%

Shares of KEY stock opened at $22.03 on Friday. The company has a market cap of $23.63 billion, a P/E ratio of 13.51, a PEG ratio of 0.71 and a beta of 1.07. The stock has a 50 day simple moving average of $20.68 and a two-hundred day simple moving average of $20.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.83 and a current ratio of 0.83. KeyCorp has a fifty-two week low of $14.43 and a fifty-two week high of $23.34.

KeyCorp (NYSE:KEY - Get Free Report) last issued its earnings results on Thursday, April 16th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.03. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.93 billion. KeyCorp had a return on equity of 10.80% and a net margin of 17.03%.The firm's revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. Research analysts forecast that KeyCorp will post 1.81 earnings per share for the current year.

KeyCorp Company 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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