KeyCorp - KEY Stock Forecast, Price & News

15 Wall Street research 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 research 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.
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15 analysts have issued 1 year target prices for KeyCorp's shares. Their KEY share price forecasts range from $17.00 to $34.00. On average, they anticipate the company's stock price to reach $23.39 in the next twelve months. This suggests a possible upside of 21.8% from the stock's current price.
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KeyCorp's stock was trading at $23.13 at the beginning of the year. Since then, KEY stock has decreased by 16.9% and is now trading at $19.21.
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KeyCorp saw a decrease in short interest in July. As of July 31st, there was short interest totaling 13,080,000 shares, a decrease of 24.1% from the July 15th total of 17,230,000 shares. Based on an average trading volume of 10,160,000 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
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KeyCorp (NYSE:KEY) posted its quarterly earnings data on Thursday, July, 21st. The financial services provider reported $0.54 EPS for the quarter, beating analysts' consensus estimates 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 was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 EPS.
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KeyCorp announced a quarterly dividend on Wednesday, July 6th. Stockholders of record on Tuesday, August 30th will be given a dividend of $0.195 per share on Thursday, September 15th. This represents a $0.78 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Monday, August 29th.
Read our dividend analysis for KEY.

KeyCorp (NYSE:KEY) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.13%. 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.

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

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 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 O Shaughnessy Asset Management LLC (0.32%). 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.
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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 $19.21.

KeyCorp (NYSE:KEY) has a market capitalization of $17.91 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.

The company employs 17,654 workers across the globe.

KeyCorp was founded in 1994.

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.