KeyCorp (NYSE:KEY) PT Lowered to $16.50 at JPMorgan Chase & Co.

KeyCorp (NYSE:KEY) had its target price decreased by analysts at JPMorgan Chase & Co. from $17.50 to $16.50 in a report released on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 21.23% from the company’s current price.

Other analysts also recently issued research reports about the company. Argus upped their target price on KeyCorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Jefferies Financial Group upped their target price on KeyCorp from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company increased their price target on KeyCorp from $16.00 to $18.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 price target on shares of KeyCorp in a research report on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on KeyCorp from $16.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, KeyCorp currently has an average rating of “Moderate Buy” and an average target price of $17.38.

KeyCorp Stock Up 0.6 %

NYSE:KEY traded up $0.08 during mid-day trading on Thursday, hitting $13.61. 2,268,807 shares of the company’s stock traded hands, compared to its average volume of 14,736,574. The company has a fifty day moving average of $14.42 and a 200 day moving average of $14.46. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $12.83 billion, a P/E ratio of 17.23, a P/E/G ratio of 0.69 and a beta of 1.28. KeyCorp has a twelve month low of $9.10 and a twelve month high of $15.86.

KeyCorp (NYSE:KEY) last announced its quarterly earnings data on Thursday, April 18th. The financial services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. KeyCorp had a net margin of 7.53% and a return on equity of 8.89%. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. On average, analysts forecast that KeyCorp will post 1.13 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC purchased a new stake in KeyCorp during the 1st quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in KeyCorp during the 4th quarter worth about $26,000. Sound Income Strategies LLC lifted its holdings in KeyCorp by 3,600.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,887 shares of the financial services provider’s stock worth $27,000 after buying an additional 1,836 shares during the last quarter. Crewe Advisors LLC purchased a new stake in KeyCorp during the 1st quarter worth about $32,000. Finally, First United Bank & Trust purchased a new stake in KeyCorp during the 4th quarter worth about $29,000. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

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.