KeyCorp - KEY Stock Forecast, Price & News

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.
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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.
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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.
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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.

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

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.

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.

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.

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.

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 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.
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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 $19.14.

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.

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.