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NYSE:KEY

KeyCorp - KEY Stock Forecast, Price & News

$19.21
+0.34 (+1.80%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.04
$19.32
50-Day Range
$16.63
$19.92
52-Week Range
$16.41
$27.17
Volume
7.64 million shs
Average Volume
9.90 million shs
Market Capitalization
$17.91 billion
P/E Ratio
8.43
Dividend Yield
4.13%
Price Target
$23.39

KeyCorp MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
21.8% Upside
$23.39 Price Target
Short Interest
Healthy
1.41% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.28
Upright™ Environmental Score
News Sentiment
0.31mentions of KeyCorp in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.62%
From $2.23 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.47 out of 5 stars

Finance Sector

9th out of 920 stocks

National Commercial Banks Industry

1st out of 89 stocks

KEY stock logo

About KeyCorp (NYSE:KEY) Stock

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; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

KeyCorp Stock Up 1.8 %

Shares of KeyCorp stock traded up $0.34 during trading hours on Thursday, hitting $19.21. The company had a trading volume of 7,637,041 shares, compared to its average volume of 9,901,784. The company's 50-day moving average is $17.89 and its two-hundred day moving average is $20.86. KeyCorp has a twelve month low of $16.41 and a twelve month high of $27.17. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $17.91 billion, a P/E ratio of 8.43, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32.

KeyCorp (NYSE:KEY - Get Rating) last issued its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.02. The firm had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.76 billion. KeyCorp had a net margin of 28.53% and a return on equity of 15.01%. KeyCorp's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Analysts anticipate that KeyCorp will post 2.23 earnings per share for the current fiscal year.

KeyCorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th will be paid a $0.195 dividend. This represents a $0.78 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, August 29th. KeyCorp's dividend payout ratio (DPR) is presently 34.21%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler set a $19.00 price objective on KeyCorp in a research note on Monday, June 20th. Citigroup dropped their target price on shares of KeyCorp from $22.00 to $19.00 and set a "neutral" rating for the company in a report on Tuesday, July 12th. TheStreet downgraded shares of KeyCorp from a "b" rating to a "c+" rating in a report on Wednesday, August 3rd. Morgan Stanley upped their target price on shares of KeyCorp from $21.00 to $23.00 and gave the stock an "equal weight" rating in a report on Friday, July 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of KeyCorp from $27.00 to $23.00 and set a "buy" rating for the company in a report on Tuesday, May 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, KeyCorp currently has a consensus rating of "Hold" and a consensus price target of $23.39.

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KEY Stock News Headlines

TheStreet Lowers KeyCorp (NYSE:KEY) to C+
KEYCORP RAISES ITS PRIME LENDING RATE TO 5.5 PERCENT
Barclays Lowers KeyCorp (NYSE:KEY) Price Target to $24.00
Wedbush Raises KeyCorp (NYSE:KEY) Price Target to $21.00
See More Headlines
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KEY Company Calendar

Ex-Dividend for 6/15 Dividend
5/27/2022
Dividend Payable
6/15/2022
Last Earnings
7/21/2022
Today
8/11/2022
Ex-Dividend for 9/15 Dividend
8/29/2022
Dividend Payable
9/15/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
49326710
Employees
17,654
Year Founded
1994

Price Target and Rating

Average Stock Price Forecast
$23.39
High Stock Price Forecast
$34.00
Low Stock Price Forecast
$17.00
Forecasted Upside/Downside
+21.8%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$2.63 billion
Pretax Margin
36.84%

Debt

Sales & Book Value

Annual Sales
$7.56 billion
Cash Flow
$3.01 per share
Book Value
$13.43 per share

Miscellaneous

Free Float
927,436,000
Market Cap
$17.91 billion
Optionable
Optionable
Beta
1.32

Social Links















KEY Stock - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 2 sell ratings, 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KEY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KEY, but not buy additional shares or sell existing shares.
View KEY analyst ratings
or view top-rated stocks.

What is KeyCorp's stock price forecast for 2022?

15 Wall Street research analysts have issued 1 year price targets for KeyCorp's shares. Their KEY share price forecasts range from $17.00 to $34.00. On average, they expect the company's share price to reach $23.39 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts price targets for KEY
or view top-rated stocks among Wall Street analysts.

How have KEY shares performed in 2022?

KeyCorp's stock was trading at $23.13 at the beginning of 2022. Since then, KEY shares have decreased by 17.3% and is now trading at $19.14.
View the best growth stocks for 2022 here
.

Are investors shorting KeyCorp?

KeyCorp saw a decline in short interest in the month of July. As of July 31st, there was short interest totaling 13,080,000 shares, a decline of 24.1% from the July 15th total of 17,230,000 shares. Based on an average daily trading volume, of 10,160,000 shares, the short-interest ratio is currently 1.3 days. Currently, 1.4% of the shares of the stock are sold short.
View KeyCorp's Short Interest
.

When is KeyCorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our KEY earnings forecast
.

How were KeyCorp's earnings last quarter?

KeyCorp (NYSE:KEY) announced its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The financial services provider earned $1.79 billion during the quarter, compared to analysts' expectations of $1.76 billion. KeyCorp had a net margin of 28.53% and a trailing twelve-month return on equity of 15.01%. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.72 EPS.
Read the conference call transcript
.

How often does KeyCorp pay dividends? What is the dividend yield for KeyCorp?

KeyCorp declared a quarterly dividend on Wednesday, July 6th. Stockholders of record on Tuesday, August 30th will be paid a dividend of $0.195 per share on Thursday, September 15th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Monday, August 29th.
Read our dividend analysis for KEY
.

Is KeyCorp a good dividend stock?

KeyCorp (NYSE:KEY) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.31%. 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 34.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 32.50% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KEY.

How will KeyCorp's stock buyback program work?

KeyCorp declared that its board has authorized a share repurchase program on Thursday, January 21st 2021, which authorizes the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

What is Chris Gorman's approval rating as KeyCorp's CEO?

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.

What other stocks do shareholders of KeyCorp own?

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).

What is KeyCorp's stock symbol?

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

Who are KeyCorp's major shareholders?

KeyCorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (0.56%), Hamlin Capital Management LLC (0.56%), LGT Capital Partners LTD. (0.47%), UBS Group AG (0.37%), Deutsche Bank AG (0.36%) and Envestnet Asset Management Inc. (0.31%). Insiders that own company stock include Amy G Brady, Amy G Brady, Andrew J Paine III, Angela G Mago, Beth E Mooney, Brian L Fishel, Carlton L Highsmith, Christopher M Gorman, Douglas M Schosser, Jamie Warder, Kenneth C Gavrity, Kevin Thomas Ryan, Mark W Midkiff, Paul N Harris, Ruth Ann M Gillis and Trina M Evans.
View institutional ownership trends
.

How do I buy shares of KeyCorp?

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.
Compare Top Brokerages Here.

What is KeyCorp's stock price today?

One share of KEY stock can currently be purchased for approximately $19.14.

How much money does KeyCorp make?

KeyCorp (NYSE:KEY) has a market capitalization of $17.85 billion and generates $7.56 billion in revenue each year. The financial services provider earns $2.63 billion in net income (profit) each year or $2.28 on an earnings per share basis.

How many employees does KeyCorp have?

The company employs 17,654 workers across the globe.

When was KeyCorp founded?

KeyCorp was founded in 1994.

How can I contact KeyCorp?

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.

This page (NYSE:KEY) was last updated on 8/11/2022 by MarketBeat.com Staff

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