KeyCorp - KEY Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 2 sell ratings, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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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16 analysts have issued 12 month price objectives for KeyCorp's shares. Their KEY share price forecasts range from $16.00 to $24.00. On average, they anticipate the company's share price to reach $19.55 in the next twelve months. This suggests a possible upside of 64.9% from the stock's current price.
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KeyCorp's stock was trading at $17.42 at the start of the year. Since then, KEY shares have decreased by 31.9% and is now trading at $11.86.
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KeyCorp saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 20,960,000 shares, a decrease of 11.5% from the February 13th total of 23,680,000 shares. Based on an average daily volume of 11,480,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 2.3% of the company's shares 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 quarterly earnings results on Thursday, January, 19th. The financial services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.55 by $0.17. The financial services provider earned $1.89 billion during the quarter, compared to analyst estimates of $1.93 billion. KeyCorp had a net margin of 22.46% and a trailing twelve-month return on equity of 15.27%. During the same quarter in the previous year, the company earned $0.64 earnings per share.
Read the conference call transcript.

KeyCorp declared a quarterly dividend on Thursday, January 12th. Shareholders of record on Tuesday, February 28th will be paid a dividend of $0.205 per share on Wednesday, March 15th. This represents a $0.82 annualized dividend and a dividend yield of 6.91%. The ex-dividend date of this dividend is Monday, February 27th.
Read our dividend analysis for KEY.

ETFs with the largest weight of KeyCorp (NYSE:KEY) stock in their portfolio include First Trust Nasdaq Bank ETF (FTXO), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), USCF Dividend Income Fund (UDI), Federated Hermes U.S. Strategic Dividend ETF (FDV), First Trust NASDAQ Rising Dividend Achievers (RDVY), FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Invesco High Yield Equity Dividend Achievers ETF (PEY).

KeyCorp (NYSE:KEY) pays an annual dividend of $0.82 per share and currently has a dividend yield of 6.80%. 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 36.77% 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 retail and institutional investors. Top institutional shareholders include Boston Partners (3.49%), Charles Schwab Investment Management Inc. (2.12%), Geode Capital Management LLC (2.09%), Morgan Stanley (1.50%), Bank of America Corp DE (1.43%) and First Trust Advisors LP (1.41%). 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.
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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 $11.86.

KeyCorp (NYSE:KEY) has a market capitalization of $11.05 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 18,891 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.