KeyCorp (NYSE:KEY) Earns Neutral Rating from JPMorgan Chase & Co.

KeyCorp (NYSE:KEY)‘s stock had its “neutral” rating reaffirmed by JPMorgan Chase & Co. in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $18.50 target price on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.75% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Citigroup lowered shares of KeyCorp from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Thursday, November 7th. Morgan Stanley dropped their price target on shares of KeyCorp from $23.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Truist Financial initiated coverage on shares of KeyCorp in a research note on Tuesday, January 7th. They set a “hold” rating and a $19.00 price target on the stock. Stephens reiterated an “overweight” rating and set a $20.00 price target on shares of KeyCorp in a research note on Wednesday, January 22nd. Finally, Barclays boosted their price target on shares of KeyCorp from $19.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.69.

KeyCorp Trading Down 0.1 %

NYSE KEY opened at $18.01 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85. The firm has a market cap of $17.85 billion, a PE ratio of -60.01, a P/E/G ratio of 0.66 and a beta of 1.26. KeyCorp has a one year low of $13.10 and a one year high of $20.04. The firm’s fifty day moving average is $17.89 and its two-hundred day moving average is $17.21.

Insider Activity at KeyCorp

In related news, Director Carlton L. Highsmith sold 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $17.14, for a total transaction of $154,260.00. Following the transaction, the director now owns 37,864 shares of the company’s stock, valued at approximately $648,988.96. This represents a 19.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Angela G. Mago sold 15,011 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $19.59, for a total transaction of $294,065.49. Following the transaction, the insider now directly owns 234,582 shares in the company, valued at $4,595,461.38. The trade was a 6.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On KeyCorp

Several institutional investors and hedge funds have recently bought and sold shares of KEY. Wolff Wiese Magana LLC increased its position in KeyCorp by 285.5% during the third quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,142 shares during the last quarter. American Capital Advisory LLC acquired a new position in KeyCorp during the third quarter worth approximately $28,000. Larson Financial Group LLC increased its position in KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 918 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in KeyCorp during the third quarter worth approximately $35,000. Finally, Capital Performance Advisors LLP acquired a new position in KeyCorp during the third quarter worth approximately $38,000. Institutional investors and hedge funds own 79.69% of the company’s stock.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.