KeyCorp Stock Forecast, Price & News

KeyCorp's stock was trading at $12.25 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, KEY stock has increased by 42.5% and is now trading at $17.46.
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19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 3 sell ratings, 11 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KeyCorp stock. 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 analyst ratings for KeyCorp or view MarketBeat's top 5 stock picks.

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70 employees have rated KeyCorp CEO Chris Gorman on Glassdoor.com. Chris Gorman has an approval rating of 85% among KeyCorp's employees.

KeyCorp is scheduled to release its next quarterly earnings announcement on Thursday, April 15th 2021.
View our earnings forecast for KeyCorp.

KeyCorp (NYSE:KEY) announced its quarterly earnings data on Wednesday, January, 20th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.14. KeyCorp had a trailing twelve-month return on equity of 7.87% and a net margin of 16.38%. During the same quarter in the prior year, the firm earned $0.48 earnings per share.
View KeyCorp's earnings history.

KeyCorp announced a quarterly dividend on Thursday, January 14th. Stockholders of record on Tuesday, March 2nd will be given a dividend of $0.185 per share on Monday, March 15th. This represents a $0.74 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Monday, March 1st.
View KeyCorp's dividend history.

KeyCorp pays an annual dividend of $0.74 per share and currently has a dividend yield of 4.16%. KEY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. KeyCorp does not yet have a strock track record of dividend growth. The dividend payout ratio of KeyCorp is 41.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KeyCorp will have a dividend payout ratio of 47.13% next year. This indicates that KeyCorp will be able to sustain or increase its dividend.
View KeyCorp's dividend history.

KeyCorp declared that its Board of Directors has authorized a stock repurchase plan on Thursday, January 21st 2021, which allows the company to repurchase $900,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 5.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

19 Wall Street analysts have issued 12-month price objectives for KeyCorp's stock. Their forecasts range from $10.00 to $44.00. On average, they expect KeyCorp's share price to reach $20.09 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts' price targets for KeyCorp or view Wall Street analyst' top-rated stocks.

KeyCorp saw a decrease in short interest during the month of December. As of December 31st, there was short interest totaling 11,110,000 shares, a decrease of 28.9% from the December 15th total of 15,620,000 shares. Based on an average trading volume of 8,620,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.1% of the company's stock are sold short.
View KeyCorp's Short Interest.

Some companies that are related to KeyCorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Commerce Bancshares (CBSH), First Horizon (FHN), Zions Bancorporation, National Association (ZION), Western Alliance Bancorporation (WAL) and Prosperity Bancshares (PB).
View all of KEY's competitors.

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 shareholders include Hamlin Capital Management LLC (0.66%), LGT Capital Partners LTD. (0.38%), Wedge Capital Management L L P NC (0.15%), New York State Teachers Retirement System (0.15%), CHURCHILL MANAGEMENT Corp (0.06%) and Janney Capital Management LLC (0.05%). Company insiders that own KeyCorp stock include Amy G Brady, Andrew J Paine III, Angela G Mago, Beth E Mooney, Carlton L Highsmith, Christopher M Gorman, Douglas M Schosser, Kevin Thomas Ryan, Paul N Harris, Robert A Deangelis, Ruth Ann M Gillis and Trina M Evans.
View institutional ownership trends for KeyCorp.

KEY stock was sold by a variety of institutional investors in the last quarter, including Hamlin Capital Management LLC, Valicenti Advisory Services Inc., CX Institutional, Wedge Capital Management L L P NC, CHURCHILL MANAGEMENT Corp, Janney Capital Management LLC, Smith Graham & Co. Investment Advisors LP, and KG&L Capital Management LLC. Company insiders that have sold KeyCorp company stock in the last year include Angela G Mago, Kevin Thomas Ryan, and Trina M Evans.
View insider buying and selling activity for KeyCorp or view top insider-selling stocks.

KEY stock was bought by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., Candriam Luxembourg S.C.A., PL Capital Advisors LLC, Park Avenue Securities LLC, Pendal Group Limited, Strategic Investment Advisors MI, Csenge Advisory Group, and Bogart Wealth LLC. Company insiders that have bought KeyCorp stock in the last two years include Carlton L Highsmith, Christopher M Gorman, and Ruth Ann M Gillis.
View insider buying and selling activity for KeyCorp or or view top insider-buying stocks.

Shares of KEY 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.

One share of KEY stock can currently be purchased for approximately $17.46.

KeyCorp has a market capitalization of $17.05 billion and generates $7.69 billion in revenue each year. The financial services provider earns $1.72 billion in net income (profit) each year or $1.80 on an earnings per share basis. KeyCorp employs 17,045 workers across the globe.

The official website for KeyCorp is www.key.com.

KeyCorp's mailing address is 127 PUBLIC SQ, CLEVELAND OH, 44114. The financial services provider can be reached via phone at (216) 689-3000 or via email at [email protected]