Jefferies Initiates Coverage of KeyCorp – Preferred Stock with Hold Rating

On May 21, 2025, Jefferies began coverage of KeyCorp – Preferred Stock (NYSE: KEY.PRJ) with a Hold recommendation.

Fund Sentiment Overview

A total of 24 funds or institutions currently report positions in KeyCorp – Preferred Stock, marking a rise of 3 owners, or 14.29%, from the previous quarter. The average portfolio weight of all funds dedicated to KEY.PRJ stands at 0.30%, reflecting an increase of 15.55%. However, total shares owned by institutions dropped by 3.82% over the last three months, now totaling 4,037K shares.

Actions by Other Shareholders

PFF – iShares Preferred and Income Securities ETF currently holds 1,610K shares, down 0.83% from its previous holding of 1,624K shares. Despite this reduction, PFF increased its portfolio allocation in KEY.PRJ by 0.63% last quarter.

PGX – Invesco Preferred ETF shows a slight increase in its holdings, now at 698K shares compared to 693K shares previously, translating to a rise of 0.72%. However, the firm reduced its portfolio allocation in KEY.PRJ by 1.18% over the last quarter.

PFFD – Global X U.S. Preferred ETF decreased its stake to 337K shares, down from 340K shares, reflecting a decline of 0.98%. The firm also trimmed its portfolio allocation in KEY.PRJ by 1.72% over the last quarter.

PGF – Invesco Financial Preferred ETF holds 330K shares, a slight increase from 328K shares, indicating a growth of 0.61%. The firm’s allocation for KEY.PRJ has increased by 3.83% in the last quarter.

John Hancock Preferred Income Fund III holds 208K shares, with no changes noted in the last quarter.

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