NYSE:KEYKeyCorp Stock Price, Forecast & News

$12.10

-0.64 (-5.02 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$12.03

Now: $12.10▼

$13.02

50-Day Range

$9.66

MA: $10.85▼

$12.25

52-Week Range

$7.45

Now: $12.10▼

$20.52

Volume1.23 million shs

Average Volume10.34 million shs

Market Capitalization$11.80 billion

P/E Ratio8.90

Dividend Yield6.24%

Beta1.52

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients. In addition, this segment provides deposits, investment and credit products, and business advisory services to small businesses; and commercial lending, cash management, equipment leasing, and investment products, as well as employee benefit programs, succession planning, capital market access, derivatives, and foreign exchange services to mid-sized businesses. Its Key Corporate Bank segment offers 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 for middle market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. The company also offers securities underwriting, investment banking, and brokerage services. As of December 31, 2018, it offered its products and services through 1,159 retail banking branches and 1,505 automated teller machines 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.

Beat the Market (BTM) Rank^™

4.1 Analyst's Opinion

Consensus Rating
KeyCorp has received a consensus rating of Hold. The company's average rating score is 2.28, and is based on 7 buy ratings, 9 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $19.47, KeyCorp has a potential upside of 60.9% from its current price of $12.10.
Amount of Analyst Coverage
KeyCorp has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
KeyCorp has received 1,011 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
KeyCorp has received 998 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
KeyCorp has received 50.32% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about KeyCorp and other stocks. Vote “Outperform” if you believe KEY will outperform the S&P 500 over the long term. Vote “Underperform” if you believe KEY will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
KeyCorp is a leading dividend payer. It pays a dividend yield of 6.24%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
KeyCorp has been increasing its dividend for 9 years.
Dividend Coverage
The dividend payout ratio of KeyCorp is 41.11 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, KeyCorp will have a dividend payout ratio of 52.86 % next year. This indicates that KeyCorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, KeyCorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,085,784.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.70% of the stock of KeyCorp is held by insiders.
Percentage Held by Institutions
79.37% of the stock of KeyCorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for KeyCorp are expected to grow by 102.90% in the coming year, from $0.69 to $1.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of KeyCorp is 8.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.00.
Price to Earnings Ratio vs. Sector
The P/E ratio of KeyCorp is 8.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.43.
Price to Earnings Growth Ratio
KeyCorp has a PEG Ratio of 3.04. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
KeyCorp has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.71 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:KEY

Previous Symbol

CUSIP49326710

CIK91576

Webwww.key.com

Phone216-689-3000

Debt

Debt-to-Equity Ratio0.89

Current Ratio0.93

Quick Ratio0.91

Price-To-Earnings

Trailing P/E Ratio8.90

Forward P/E Ratio17.54

P/E Growth3.04

Sales & Book Value

Annual Sales$7.69 billion

Price / Sales1.53

Cash Flow$2.22 per share

Price / Cash Flow5.46

Book Value$15.90 per share

Price / Book0.76

Profitability

EPS (Most Recent Fiscal Year)$1.80

Net Income$1.72 billion

Net Margins18.85%

Return on Equity10.43%

Return on Assets1.07%

Miscellaneous

Employees17,045

Outstanding Shares975,410,000

Market Cap$11.80 billion

Next Earnings Date7/22/2020 (Confirmed)

OptionableOptionable

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KeyCorp (NYSE:KEY) Frequently Asked Questions

How has KeyCorp's stock been impacted by COVID-19 (Coronavirus)?

KeyCorp's stock was trading at $12.25 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, KEY shares have decreased by 1.2% and is now trading at $12.10. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of KeyCorp?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last year. There are currently 2 sell ratings, 9 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for KeyCorp.

When is KeyCorp's next earnings date?

KeyCorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for KeyCorp.

How can I listen to KeyCorp's earnings call?

KeyCorp will be holding an earnings conference call on Wednesday, July 22nd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were KeyCorp's earnings last quarter?

KeyCorp (NYSE:KEY) posted its earnings results on Thursday, April, 16th. The financial services provider reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.06. The financial services provider had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.55 billion. KeyCorp had a net margin of 18.85% and a return on equity of 10.43%. The company's revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $0.38 EPS. View KeyCorp's earnings history.

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

KeyCorp announced a quarterly dividend on Wednesday, May 20th. Investors of record on Tuesday, June 2nd will be given a dividend of $0.185 per share on Monday, June 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 6.12%. The ex-dividend date is Monday, June 1st. View KeyCorp's dividend history.

How will KeyCorp's stock buyback program work?

KeyCorp announced that its Board of Directors has initiated a stock repurchase plan on Thursday, June 28th 2018, which permits the company to repurchase $1,225,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase up to 5.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's board believes its shares are undervalued.

What price target have analysts set for KEY?

18 brokers have issued 12 month target prices for KeyCorp's shares. Their forecasts range from $10.00 to $44.00. On average, they expect KeyCorp's share price to reach $19.47 in the next twelve months. This suggests a possible upside of 60.9% from the stock's current price. View analysts' price targets for KeyCorp.

Has KeyCorp been receiving favorable news coverage?

News articles about KEY stock have been trending very negative this week, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. KeyCorp earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutKeyCorp.

Are investors shorting KeyCorp?

KeyCorp saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,750,000 shares, an increase of 11.4% from the April 30th total of 15,940,000 shares. Based on an average trading volume of 14,180,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.8% of the shares of the company are short sold. View KeyCorp's Current Options Chain.

Who are some of KeyCorp's key competitors?

Some companies that are related to KeyCorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

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), Walt Disney (DIS), General Electric (GE), Johnson & Johnson (JNJ), Pfizer (PFE) and NVIDIA (NVDA).

Who are KeyCorp's key executives?

KeyCorp's management team includes the following people:

Ms. Beth E. Mooney, Chairman, CEO & Pres (Age 64)
Mr. Donald R. Kimble Jr., Vice Chairman & CFO (Age 59)
Mr. Christopher Marrott Gorman, Pres of Banking & Vice Chairman (Age 58)
Mr. Andrew J. Paine III, Exec. VP & Pres of Key Institutional Bank (Age 49)
Mr. Mark W. Midkiff, Chief Risk Officer & Exec. Officer (Age 57)

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 variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.44%), State Street Corp (4.92%), JPMorgan Chase & Co. (4.23%), Capital World Investors (4.07%), Geode Capital Management LLC (1.70%) and Invesco Ltd. (1.42%). 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, Donald R Kimble, Douglas M Schosser, Edward J Burke, H James Dallas, Kevin Thomas Ryan, Paul N Harris, Robert A Deangelis, Ruth Ann M Gillis and Trina M Evans. View institutional ownership trends for KeyCorp.

Which major investors are selling KeyCorp stock?

KEY stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., The Manufacturers Life Insurance Company , Hexavest Inc., Lord Abbett & CO. LLC, Clearbridge Investments LLC, State Street Corp, and Envestnet Asset Management Inc.. Company insiders that have sold KeyCorp company stock in the last year include Amy G Brady, Andrew J Paine III, Beth E Mooney, Carlton L Highsmith, Douglas M Schosser, Kevin Thomas Ryan, Paul N Harris, and Trina M Evans. View insider buying and selling activity for KeyCorp.

Which major investors are buying KeyCorp stock?

KEY stock was purchased by a variety of institutional investors in the last quarter, including Prudential PLC, Miller Howard Investments Inc. NY, Sumitomo Mitsui Trust Holdings Inc., JPMorgan Chase & Co., Janus Henderson Group PLC, Wedge Capital Management L L P NC, Eaton Vance Management, and Two Sigma Advisers LP. Company insiders that have bought KeyCorp stock in the last two years include Beth E Mooney, Christopher M Gorman, Donald R Kimble, H James Dallas, and Ruth Ann M Gillis. View insider buying and selling activity for KeyCorp.

How do I buy shares of KeyCorp?

Shares of KEY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is KeyCorp's stock price today?

One share of KEY stock can currently be purchased for approximately $12.10.

How big of a company is KeyCorp?

KeyCorp has a market capitalization of $11.80 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.

What is KeyCorp's official website?

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

How can I contact KeyCorp?

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]

This page was last updated on 5/28/2020 by MarketBeat.com Staff