Rep. Julie Johnson Sells Off Shares of KeyCorp (NYSE:KEY)

Key Points

• Representative Julie Johnson sold between $1,001 and $15,000 in KeyCorp stock on September 25th, which is part of a larger set of stock sales in multiple companies on the same day.
• KeyCorp reported a 20.6% increase in quarterly revenue year-over-year, with earnings per share of $0.35, surpassing analysts' expectations.
• KeyCorp's recent dividend announcement included a dividend of $0.205 per share, providing a yield of 4.5%, despite a notably high dividend payout ratio.

Representative Julie Johnson (D-Texas) recently sold shares of KeyCorp NYSE: KEY. In a filing disclosed on October 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in KeyCorp stock on September 25th. The trade occurred in the Representative's "MERRILL LYNCH LONG TERM GROWTH" account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Ameren NYSE: AEE on 9/25/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 9/25/2025.
• Sold $1,001 - $15,000 in shares of A. O. Smith NYSE: AOS on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Honeywell International NASDAQ: HON on 9/25/2025.
• Sold $1,001 - $15,000 in shares of McCormick & Company, Incorporated NYSE: MKC on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Monster Beverage NASDAQ: MNST on 9/25/2025.
• Sold $1,001 - $15,000 in shares of Molson Coors Beverage NYSE: TAP on 9/25/2025.
• Sold $1,001 - $15,000 in shares of LyondellBasell Industries NYSE: LYB on 9/25/2025.
• Sold $1,001 - $15,000 in shares of United Dominion Realty Trust NYSE: UDR on 9/25/2025.

KeyCorp Price Performance

Shares of KEY stock opened at $18.08 on Thursday. KeyCorp has a 1-year low of $12.73 and a 1-year high of $20.04. The stock's 50-day moving average is $18.58 and its 200 day moving average is $17.00. The company has a market cap of $19.83 billion, a P/E ratio of -258.29, a PEG ratio of 0.64 and a beta of 1.15. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.83.

KeyCorp (NYSE:KEY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. KeyCorp had a return on equity of 9.65% and a net margin of 1.49%.The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $0.25 earnings per share. The firm's revenue for the quarter was up 20.6% compared to the same quarter last year. Research analysts predict that KeyCorp will post 1.5 earnings per share for the current fiscal year.

KeyCorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.205 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $0.82 dividend on an annualized basis and a yield of 4.5%. KeyCorp's dividend payout ratio (DPR) is presently -1,171.43%.

Insider Activity

In other news, CEO Christopher M. Gorman sold 112,149 shares of KeyCorp stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $18.86, for a total value of $2,115,130.14. Following the sale, the chief executive officer directly owned 619,895 shares of the company's stock, valued at $11,691,219.70. The trade was a 15.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Andrew J. Paine III sold 44,953 shares of KeyCorp stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $19.29, for a total value of $867,143.37. Following the completion of the sale, the insider directly owned 245,044 shares in the company, valued at $4,726,898.76. This represents a 15.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 174,102 shares of company stock worth $3,299,664 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on KEY. Wells Fargo & Company raised their price target on KeyCorp from $20.00 to $22.00 and gave the stock an "overweight" rating in a report on Friday, October 3rd. Robert W. Baird downgraded KeyCorp from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Wednesday, July 2nd. Citigroup reissued a "neutral" rating and issued a $20.00 price target (up previously from $19.00) on shares of KeyCorp in a report on Thursday, July 24th. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 2nd. Finally, DA Davidson raised their price target on KeyCorp from $19.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, KeyCorp has a consensus rating of "Hold" and an average price target of $20.53.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its stake in shares of KeyCorp by 4.8% in the first quarter. Sequoia Financial Advisors LLC now owns 68,857 shares of the financial services provider's stock worth $1,101,000 after purchasing an additional 3,145 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of KeyCorp in the first quarter worth about $2,171,000. Signal Advisors Wealth LLC purchased a new position in shares of KeyCorp in the second quarter worth about $431,000. Gradient Investments LLC purchased a new position in KeyCorp during the second quarter valued at approximately $1,973,000. Finally, AQR Capital Management LLC raised its position in KeyCorp by 5.1% during the first quarter. AQR Capital Management LLC now owns 417,667 shares of the financial services provider's stock valued at $6,495,000 after acquiring an additional 20,429 shares in the last quarter. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas' 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027. Johnson (Democratic Party) ran for election to the U.S. House to represent Texas' 32nd Congressional District. She won in the general election on November 5, 2024. Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson's career experience includes working as an attorney.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.

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