KeyCorp - KEY Stock Forecast, Price & News

15 Wall Street equities 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 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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15 analysts have issued 1-year target prices for KeyCorp's stock. Their KEY share price forecasts range from $16.50 to $32.00. On average, they anticipate the company's share price to reach $21.64 in the next twelve months. This suggests a possible upside of 16.7% from the stock's current price.
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KeyCorp's stock was trading at $23.13 at the start of the year. Since then, KEY shares have decreased by 19.8% and is now trading at $18.55.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 19th 2023.
View our KEY earnings forecast.

KeyCorp (NYSE:KEY) issued its earnings results on Thursday, October, 20th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by $0.03. KeyCorp had a net margin of 26.66% and a trailing twelve-month return on equity of 15.81%. During the same period last year, the firm posted $0.65 earnings per share.
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KeyCorp announced a quarterly dividend on Thursday, November 17th. Investors of record on Tuesday, November 29th will be given a dividend of $0.205 per share on Thursday, December 15th. This represents a $0.82 annualized dividend and a yield of 4.42%. The ex-dividend date of this dividend is Monday, November 28th. This is an increase from the stock's previous quarterly dividend of $0.20.
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 4.42%. 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 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 37.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KEY will have a dividend payout ratio of 36.94% 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 permits the company to repurchase $900,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 5.3% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.66%), BlackRock Inc. (9.00%), State Street Corp (5.49%), Boston Partners (3.48%), Royal Bank of Canada (1.60%) and Federated Hermes Inc. (1.54%). 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, Kevin Thomas Ryan, Mark W Midkiff, 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 $18.55.

KeyCorp (NYSE:KEY) has a market capitalization of $17.31 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 $2.18 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.