KeyCorp's (KEY) "Neutral" Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of KeyCorp (NYSE:KEY - Free Report) in a research report released on Monday, MarketBeat.com reports. They currently have a $18.50 price objective on the financial services provider's stock.

KEY has been the subject of a number of other research reports. Morgan Stanley reduced their target price on KeyCorp from $23.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, January 22nd. Baird R W downgraded KeyCorp from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 14th. Robert W. Baird downgraded KeyCorp from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $18.00 to $17.00 in a research report on Monday, October 14th. The Goldman Sachs Group lifted their price target on KeyCorp from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company lifted their price target on KeyCorp from $20.00 to $22.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.69.

KeyCorp Stock Performance

KeyCorp stock traded up $0.08 during midday trading on Monday, reaching $17.93. The stock had a trading volume of 13,387,698 shares, compared to its average volume of 13,530,274. KeyCorp has a 12 month low of $13.10 and a 12 month high of $20.04. The firm's 50-day moving average price is $17.78 and its 200 day moving average price is $17.24. The firm has a market capitalization of $17.77 billion, a PE ratio of -59.75, a P/E/G ratio of 0.66 and a beta of 1.26. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.77.

KeyCorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be given a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, March 4th. KeyCorp's dividend payout ratio is currently -273.32%.

Institutional Investors Weigh In On KeyCorp

Hedge funds have recently bought and sold shares of the business. Wolff Wiese Magana LLC boosted its stake 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 acquiring an additional 1,142 shares in the last quarter. Ethos Financial Group LLC bought a new stake in KeyCorp during the fourth quarter worth about $27,000. American Capital Advisory LLC purchased a new position in KeyCorp in the third quarter worth about $28,000. Larson Financial Group LLC raised its holdings in KeyCorp by 90.8% in the third quarter. Larson Financial Group LLC now owns 1,929 shares of the financial services provider's stock worth $32,000 after buying an additional 918 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in KeyCorp in the fourth quarter worth about $34,000. Institutional investors own 79.69% of the company's stock.

About KeyCorp

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.