KeyCorp (KEY) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 5 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KEY shares.
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14 Wall Street research analysts have issued twelve-month price objectives for KeyCorp's stock. Their KEY share price forecasts range from $10.00 to $20.00. On average, they anticipate the company's stock price to reach $14.73 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price.
View analysts price targets for KEY or view top-rated stocks among Wall Street analysts.

KeyCorp's stock was trading at $17.42 at the beginning of the year. Since then, KEY stock has decreased by 38.5% and is now trading at $10.7150.
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KeyCorp saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 49,800,000 shares, an increase of 22.8% from the August 15th total of 40,540,000 shares. Based on an average daily volume of 17,360,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 5.3% of the company's shares are sold short.
View KeyCorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 19th 2023.
View our KEY earnings forecast.

KeyCorp will be holding an earnings conference call on Thursday, October 19th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

KeyCorp (NYSE:KEY) announced its quarterly earnings data on Thursday, July, 20th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.32 by $0.05. The financial services provider had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.62 billion. KeyCorp had a net margin of 14.93% and a trailing twelve-month return on equity of 13.78%. KeyCorp's revenue for the quarter was down 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 EPS.
Read the conference call transcript.

KeyCorp declared a quarterly dividend on Tuesday, July 11th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.205 per share on Friday, September 15th. This represents a $0.82 dividend on an annualized basis and a yield of 7.65%. The ex-dividend date is Monday, August 28th.
Read our dividend analysis for KEY.

ETFs with the largest weight of KeyCorp (NYSE:KEY) stock in their portfolio include WBI Power Factor High Dividend ETF (WBIY), Invesco High Yield Equity Dividend Achievers ETF (PEY), AI Powered Equity ETF (AIEQ), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), First Trust Financial AlphaDEX Fund (FXO), First Trust Nasdaq Bank ETF (FTXO) and Invesco S&P 500 Equal Weight Financials ETF (RYF).

KeyCorp (NYSE:KEY) pays an annual dividend of $0.82 per share and currently has a dividend yield of 7.30%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 11 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 54.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 61.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KEY.

70 employees have rated KeyCorp Chief Executive Officer Chris Gorman on Glassdoor.com. Chris Gorman has an approval rating of 85% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other KeyCorp investors own include Bank of America (BAC), AT&T (T), Cisco Systems (CSCO), Intel (INTC), JPMorgan Chase & Co. (JPM), General Electric (GE), Johnson & Johnson (JNJ), AbbVie (ABBV), Pfizer (PFE) and CVS Health (CVS).

KeyCorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "KEY."

KeyCorp's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.04%), State Street Corp (5.04%), Charles Schwab Investment Management Inc. (2.13%), Geode Capital Management LLC (2.10%), Wells Fargo & Company MN (1.53%) and Capital International Investors (1.50%). Insiders that own company stock include Amy G Brady, Andrew J Paine III, Angela G Mago, Brian L Fishel, Carlton L Highsmith, Christopher M Gorman, Devina A Rankin, Douglas M Schosser, Jamie Warder, Kenneth C Gavrity, Mark W Midkiff, Richard J Hipple, Ruth Ann M Gillis, Trina M Evans and Victor B Alexander.
View institutional ownership trends.

Shares of KEY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KEY stock can currently be purchased for approximately $10.72.

KeyCorp (NYSE:KEY) has a market capitalization of $10.03 billion and generates $8.13 billion in revenue each year. The financial services provider earns $1.92 billion in net income (profit) each year or $1.50 on an earnings per share basis.

The company employs 18,891 workers across the globe.

KeyCorp's mailing address is 127 PUBLIC SQ, CLEVELAND OH, 44114. The official website for the company is www.key.com. The financial services provider can be reached via phone at (216) 689-3000, via email at investor_relations@keybank.com, or via fax at 216-689-0519.