KeyCorp - KEY Stock Forecast, Price & News

15 Wall Street 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 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.

15 Wall Street research analysts have issued 12 month target prices for KeyCorp's shares. Their KEY share price forecasts range from $16.00 to $24.00. On average, they anticipate the company's stock price to reach $19.92 in the next twelve months. This suggests a possible upside of 4.9% 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 beginning of 2023. Since then, KEY shares have increased by 9.0% and is now trading at $18.99.
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KeyCorp saw a increase in short interest in December. As of December 15th, there was short interest totaling 19,310,000 shares, an increase of 10.2% from the November 30th total of 17,530,000 shares. Based on an average daily trading volume, of 11,510,000 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.1% 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, April 20th 2023.
View our KEY earnings forecast.

KeyCorp (NYSE:KEY) announced its earnings results on Thursday, January, 19th. The financial services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.55 by $0.17. KeyCorp had a trailing twelve-month return on equity of 15.27% and a net margin of 22.46%. During the same quarter in the previous year, the firm earned $0.64 earnings per share.
Read the conference call transcript.

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 annualized dividend and a yield of 4.32%. 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 4.38%. 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 35.96% 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 many different retail and institutional investors. Top institutional investors include Hamlin Capital Management LLC (0.59%), LGT Capital Partners LTD. (0.49%), Wedge Capital Management L L P NC (0.20%), New York State Teachers Retirement System (0.12%), Boston Common Asset Management LLC (0.07%) and M&G Investment Management Ltd. (0.05%). 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.
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 $18.99.

KeyCorp (NYSE:KEY) has a market capitalization of $17.72 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.