KeyCorp (KEY) Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 1 sell rating, 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities 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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14 Wall Street research analysts have issued twelve-month price targets for KeyCorp's shares. Their KEY share price forecasts range from $11.00 to $20.00. On average, they predict the company's share price to reach $15.90 in the next twelve months. This suggests a possible upside of 65.3% 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 start of the year. Since then, KEY shares have decreased by 44.8% and is now trading at $9.62.
View the best growth stocks for 2023 here.

KeyCorp saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 30,770,000 shares, an increase of 5.4% from the April 15th total of 29,190,000 shares. Based on an average daily volume of 25,500,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 3.3% of the shares of the company are sold short.
View KeyCorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our KEY earnings forecast.

KeyCorp (NYSE:KEY) released its quarterly earnings data on Thursday, April, 20th. The financial services provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The financial services provider earned $1.71 billion during the quarter, compared to analyst estimates of $1.80 billion. KeyCorp had a trailing twelve-month return on equity of 15.63% and a net margin of 19.09%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.45 earnings per share.
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KeyCorp declared a quarterly dividend on Thursday, May 11th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.205 per share on Thursday, June 15th. This represents a $0.82 annualized dividend and a dividend yield of 8.52%. The ex-dividend date is Friday, May 26th.
Read our dividend analysis for KEY.

ETFs with the largest weight of KeyCorp (NYSE:KEY) stock in their portfolio include Invesco KBW Bank ETF (KBWB), iShares U.S. Regional Banks ETF (IAT), First Trust Nasdaq Bank ETF (FTXO), Federated Hermes U.S. Strategic Dividend ETF (FDV), Invesco High Yield Equity Dividend Achievers ETF (PEY), SPDR S&P Bank ETF (KBE), FIS Biblically Responsible Risk Managed ETF (PRAY) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

KeyCorp (NYSE:KEY) pays an annual dividend of $0.82 per share and currently has a dividend yield of 8.78%. 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 46.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 46.86% 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 investors include BlackRock Inc. (9.60%), State Street Corp (4.92%), FMR LLC (2.22%), Federated Hermes Inc. (2.21%), Geode Capital Management LLC (2.07%) and Charles Schwab Investment Management Inc. (2.01%). 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, 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.
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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 $9.62.

KeyCorp (NYSE:KEY) has a market capitalization of $9.00 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 $1.77 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.