Abc Arbitrage 13F: Exits KeyCorp (KEY) Stake

Abc Arbitrage closed out its entire position in KeyCorp KEY, selling all 220,410 shares it held according to a Form 13F filing on October 23, 2026.

KEY KeyCorp

$21.03 ▲ +3.19% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Abc Arbitrage's KeyCorp Position

Abc Arbitrage sold out of its stake entirely during the period, cutting its holdings from 220,410 shares down to zero. The complete exit wiped out the fund's investment in the regional bank.

Other Institutional Activity in KeyCorp

Other large institutional investors adjusted their positions in KeyCorp around the same time. Bank of Nova Scotia reduced its holdings by 5,232,143 shares, ending the period with 157,762,958 shares worth about $3.33 billion. At the same time, Deutsche Bank AG grew its stake by 6,543,847 shares, finishing with 16,496,467 shares valued at roughly $347.75 million.

KeyCorp Stock Holds Steady

KeyCorp shares recently traded around $21.04 as of October 24, 2026, roughly equal to the $21.08 close on the filing date. The stock closed down about 0.2% from that filing-day price and sits about 2.4% below its 200-day moving average. The shares have traded between a 52-week low of $16.91 and a 52-week high of $24.07.

Recent Earnings

KeyCorp posted trailing twelve month revenue of $7.58 billion and basic earnings of $1.72 per share. The regional bank recorded a net profit margin of 28.0% and a return on equity of 11.2%. The next earnings report is scheduled for January 20, 2027.

Dividend

KeyCorp pays an annual dividend of $0.82 per share, which works out to a dividend yield of 3.87%. The payout ratio sits at 47.7%, meaning the company distributes nearly half of its earnings to shareholders through dividends.

Insider Buying and Selling at KeyCorp

Company insiders were active in the market prior to the filing. Officer Angela G Mago sold 22,826 shares on May 8, 2026, at an average price of $21.66 for a total value of $494,411. Director Elizabeth R Gile sold 23,946 shares on June 3, 2026, at $20.88 per share for a total value of $499,992. Later, officer Mohit Ramani sold 25,000 shares on July 22, 2026, at $22.74 per share for a total value of $568,500.

Analysts Set New Price Targets

Wall Street firms updated their views on KeyCorp in October 2026. Evercore ISI Group maintained an Outperform rating on October 1, lowering its target to $24.00 from $26.00. JP Morgan maintained a Neutral rating on October 2, adjusting its target down to $23.00 from $24.50. UBS maintained a Buy rating on October 5, lowering its target to $25.00 from $27.00. DA Davidson maintained a Buy rating on October 21, raising its target to $27.00 from $26.00. RBC Capital maintained an Outperform rating on October 21, adjusting its target to $24.00 from $25.00. Overall, the stock holds a consensus buy rating with a mean price target of $25.11 across 20 analyst opinions.

About KeyCorp

KeyCorp operates as the bank holding company for KeyBank National Association, offering retail and commercial banking products to customers across the United States through its consumer and commercial banking segments.

Bottom Line

Abc Arbitrage's complete exit removes KeyCorp from the fund's portfolio. Market participants will watch the company's next earnings release on January 20, 2027, for updates on performance and upcoming institutional filings for further shifts in ownership.