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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Trump Organization CFO pleads guilty in tax evasion case
Is the US Military Secretly Under Chinese Control? (Ad)
Is Sanofi A Buy, Despite Recent Stumbles?
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Trump Organization CFO pleads guilty in tax evasion case
Is the US Military Secretly Under Chinese Control? (Ad)
Is Sanofi A Buy, Despite Recent Stumbles?
Gas-powered muscle cars drive into the sunset, turn electric
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
US to hold trade talks with Taiwan, island drills military
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
BJ’s Wholesale Club Pops, Will Costco Be Next?
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Trump Organization CFO pleads guilty in tax evasion case
Is the US Military Secretly Under Chinese Control? (Ad)
Is Sanofi A Buy, Despite Recent Stumbles?
Gas-powered muscle cars drive into the sunset, turn electric
NYSE:KEY

KeyCorp - KEY Stock Forecast, Price & News

$19.64
+0.20 (+1.03%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$19.39
$19.64
50-Day Range
$16.63
$19.78
52-Week Range
$16.41
$27.17
Volume
6.06 million shs
Average Volume
10.47 million shs
Market Capitalization
$18.31 billion
P/E Ratio
8.61
Dividend Yield
4.01%
Price Target
$23.39

KeyCorp MarketRank™ Forecast

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
19.1% 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
0.67mentions of KeyCorp in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.04%
From $2.24 to $2.42 Per Share

Overall MarketRank

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

3.44 out of 5 stars

Finance Sector

8th out of 914 stocks

National Commercial Banks Industry

2nd out of 88 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.

Analysts Set New Price Targets

Several research analysts have commented on KEY shares. Citigroup cut their target price on KeyCorp from $22.00 to $19.00 and set a "neutral" rating on the stock in a report on Tuesday, July 12th. Wells Fargo & Company lowered their price objective on KeyCorp from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Friday, July 1st. JPMorgan Chase & Co. lowered their price objective on KeyCorp from $25.00 to $20.50 and set a "neutral" rating for the company in a research report on Friday, July 1st. Piper Sandler set a $19.00 price objective on KeyCorp in a research report on Monday, June 20th. Finally, The Goldman Sachs Group lowered their price objective on KeyCorp from $27.00 to $23.00 and set a "buy" rating for the company in a research report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $23.39.

KeyCorp Stock Performance

Shares of NYSE:KEY traded up $0.20 during midday trading on Thursday, reaching $19.64. The company's stock had a trading volume of 6,061,106 shares, compared to its average volume of 9,844,132. KeyCorp has a 12-month low of $16.41 and a 12-month high of $27.17. The firm has a 50 day moving average price of $17.87 and a 200-day moving average price of $20.66. The stock has a market capitalization of $18.31 billion, a P/E ratio of 8.61, a PEG ratio of 0.49 and a beta of 1.32. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.81 and a quick ratio of 0.81.

KeyCorp (NYSE:KEY - Get Rating) last announced its 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. KeyCorp had a return on equity of 15.01% and a net margin of 28.53%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the business earned $0.72 EPS. The company's revenue was up 1.1% compared to the same quarter last year. As a group, equities analysts predict that KeyCorp will post 2.23 earnings per share for the current year.

KeyCorp Dividend Announcement

The firm 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. The ex-dividend date is Monday, August 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.97%. KeyCorp's payout ratio is presently 34.21%.

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KEY Stock News Headlines

Form 424B3 KEYCORP /NEW/ - StreetInsider.com
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
8/19/2022
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
+19.1%
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
$2.87 per share
Book Value
$13.43 per share

Miscellaneous

Free Float
927,436,000
Market Cap
$18.31 billion
Optionable
Optionable
Beta
1.32

Social Links


Key Executives

  • Mr. Christopher Marrott GormanMr. Christopher Marrott Gorman (Age 61)
    Chairman, Pres & CEO
    Comp: $4.34M
  • Mr. Donald R. Kimble Jr. (Age 62)
    Vice-Chair, CFO & Chief Admin. Officer
    Comp: $3.22M
  • Ms. Amy G. BradyMs. Amy G. Brady (Age 55)
    Chief Information Officer & Exec. VP
    Comp: $2.17M
  • Mr. Andrew Jackson Paine III (Age 52)
    Exec. VP & Pres of Key Institutional Bank
    Comp: $2.82M
  • Ms. Angela G. MagoMs. Angela G. Mago (Age 56)
    Pres of Commercial Bank & Real Estate Capital
    Comp: $2.52M
  • Mr. Douglas M. Schosser CPAMr. Douglas M. Schosser CPA (Age 52)
    Chief Accounting Officer & Exec. Officer
  • Mr. Vernon L. Patterson
    Exec. VP of Investor Relations
  • Mr. James L. Waters J.D. (Age 55)
    Gen. Counsel & Corp. Sec.
  • Ms. Susan E. Donlan
    Chief Communications Officer
  • Mr. Brian L. Fishel (Age 56)
    Chief Human Resource Officer & Exec. VP













KEY Stock - Frequently Asked Questions

Should I buy or sell KeyCorp stock right now?

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.
View KEY analyst ratings
or view top-rated stocks.

What is KeyCorp's stock price forecast for 2022?

15 equities research analysts have issued 12 month target prices for KeyCorp's stock. Their KEY share price forecasts range from $17.00 to $34.00. On average, they anticipate the company's share price to reach $23.39 in the next twelve months. This suggests a possible upside of 19.1% 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 on January 1st, 2022. Since then, KEY stock has decreased by 15.1% and is now trading at $19.64.
View the best growth stocks for 2022 here
.

Are investors shorting KeyCorp?

KeyCorp saw a decline in short interest during 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 trading volume of 10,160,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.4% of the company's shares are short sold.
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) issued its quarterly earnings results on Thursday, July, 21st. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The financial services provider had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.76 billion. KeyCorp had a trailing twelve-month return on equity of 15.01% and a net margin of 28.53%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.72 EPS.
Read the conference call transcript
.

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

KeyCorp announced a quarterly dividend on Wednesday, July 6th. Investors 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 3.97%. 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 4.01%. 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 32.23% 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 announced that its Board of Directors has initiated a stock buyback plan on Thursday, January 21st 2021, which allows the company to buyback $900,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are 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 number of institutional and retail investors. Top institutional shareholders include State Street Corp (5.23%), Northern Trust Corp (1.13%), Massachusetts Financial Services Co. MA (0.76%), Victory Capital Management Inc. (0.56%), Hamlin Capital Management LLC (0.56%) and Goldman Sachs Group Inc. (0.48%). 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 $19.64.

How much money does KeyCorp make?

KeyCorp (NYSE:KEY) has a market capitalization of $18.31 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 8/19/2022 by MarketBeat.com Staff

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