JPMorgan Chase & Co. Reaffirms Neutral Rating for KeyCorp (NYSE:KEY)

KeyCorp (NYSE:KEY)‘s stock had its “neutral” rating reiterated by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday, MarketBeat reports. They currently have a $18.50 price target on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 3.73% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. Barclays upped their target price on KeyCorp from $19.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. The Goldman Sachs Group boosted their target price on shares of KeyCorp from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company raised their price target on shares of KeyCorp from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. UBS Group lifted their price objective on shares of KeyCorp from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Truist Financial assumed coverage on shares of KeyCorp in a research report on Tuesday, January 7th. They set a “hold” rating and a $19.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

KeyCorp Stock Performance

NYSE KEY opened at $17.84 on Monday. KeyCorp has a 52-week low of $13.10 and a 52-week high of $20.04. The stock has a market cap of $17.68 billion, a PE ratio of -59.45, a P/E/G ratio of 0.66 and a beta of 1.26. The firm has a 50-day moving average of $17.85 and a 200-day moving average of $17.22. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.84 and a current ratio of 0.85.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC boosted its holdings in shares of KeyCorp by 285.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,542 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,142 shares in the last quarter. American Capital Advisory LLC bought a new position in KeyCorp in the third quarter valued at about $28,000. Larson Financial Group LLC boosted its stake in shares of KeyCorp by 90.8% during the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 918 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of KeyCorp during the third quarter worth about $35,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of KeyCorp in the third quarter valued at approximately $38,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

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.