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 3 sell ratings, 6 hold ratings and 5 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 brokers have issued 1 year target prices for KeyCorp's stock. Their KEY share price forecasts range from $16.00 to $24.00. On average, they anticipate the company's share price to reach $19.92 in the next year. This suggests a possible upside of 0.6% 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 on January 1st, 2023. Since then, KEY shares have increased by 13.7% and is now trading at $19.80.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 20th 2023.
View our KEY earnings forecast.

KeyCorp (NYSE:KEY) released its quarterly earnings data on Thursday, January, 19th. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.17. The financial services provider had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.93 billion. KeyCorp had a trailing twelve-month return on equity of 15.27% and a net margin of 22.46%. During the same period in the prior year, the company earned $0.64 earnings per share.
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KeyCorp declared a quarterly dividend on Thursday, January 12th. Stockholders of record on Tuesday, February 28th will be given a dividend of $0.205 per share on Wednesday, March 15th. This represents a $0.82 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for KEY.

KeyCorp (NYSE:KEY) pays an annual dividend of $0.82 per share and currently has a dividend yield of 4.15%. 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 42.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 36.61% 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 number of institutional and retail investors. Top institutional investors include Boston Partners (3.49%), LSV Asset Management (1.01%), Hamlin Capital Management LLC (0.59%), LGT Capital Partners LTD. (0.49%), Envestnet Asset Management Inc. (0.42%) and Raymond James & Associates (0.42%). 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, Ruth Ann M Gillis and Trina M Evans.
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 $19.80.

KeyCorp (NYSE:KEY) has a market capitalization of $18.47 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 $1.92 on an earnings per share basis.

The company employs 17,654 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.