3 days Ago By ABMN Staff
Bank of Montreal Can decreased its position in First Horizon Co. ( NYSE:FHN – Free Report ) by 6.7% in the 4th quarter, HoldingsChannel.
com reports. The fund owned 103,734 shares of the financial services provider’s stock after selling 7,425 shares during the quarter. Bank of Montreal Can’s holdings in First Horizon were worth $2,089,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in FHN. Bank of New York Mellon Corp increased its stake in First Horizon by 26.2% in the 4th quarter.
Bank of New York Mellon Corp now owns 37,131,162 shares of the financial services provider’s stock valued at $747,822,000 after buying an additional 7,715,191 shares during the last quarter. Norges Bank bought a new stake in First Horizon during the fourth quarter worth $132,418,000. JPMorgan Chase & Co.
boosted its position in First Horizon by 160.1% in the fourth quarter. JPMorgan Chase & Co.
now owns 5,524,827 shares of the financial services provider’s stock worth $111,270,000 after purchasing an additional 3,400,811 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Horizon in the 4th quarter valued at $102,467,000.
Finally, Amundi increased its position in shares of First Horizon by 255.6% during the 4th quarter. Amundi now owns 3,733,831 shares of the financial services provider’s stock valued at $77,104,000 after purchasing an additional 2,683,746 shares during the last quarter.
Hedge funds and other institutional investors own 80.28% of the company’s stock. Insider Activity at First Horizon In other news, CEO D Bryan Jordan sold 109,980 shares of the stock in a transaction on Wednesday, January 22nd.
The shares were sold at an average price of $21.13, for a total value of $2,323,877.40.
Following the transaction, the chief executive officer now owns 1,861,381 shares of the company’s stock, valued at $39,330,980.53. This represents a 5.
58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . 0.
87% of the stock is currently owned by insiders. Wall Street Analysts Forecast Growth Read Our Latest Report on First Horizon First Horizon Stock Performance NYSE FHN opened at $17.25 on Thursday.
The company’s 50 day simple moving average is $19.43 and its two-hundred day simple moving average is $19.48.
The stock has a market capitalization of $8.87 billion, a PE ratio of 12.68, a P/E/G ratio of 1.
19 and a beta of 0.60. The company has a debt-to-equity ratio of 0.
14, a current ratio of 0.96 and a quick ratio of 0.95.
First Horizon Co. has a 1 year low of $13.93 and a 1 year high of $22.
44. First Horizon ( NYSE:FHN – Get Free Report ) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $0.
42 EPS for the quarter, topping the consensus estimate of $0.40 by $0.02.
First Horizon had a return on equity of 10.10% and a net margin of 15.38%.
The business had revenue of $823.69 million during the quarter, compared to analysts’ expectations of $825.11 million.
During the same period in the previous year, the business earned $0.35 earnings per share. Analysts predict that First Horizon Co.
will post 1.67 earnings per share for the current fiscal year. First Horizon Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st.
Investors of record on Friday, March 14th were given a $0.15 dividend. This represents a $0.
60 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, March 14th.
First Horizon’s dividend payout ratio (DPR) is 44.12%. First Horizon Company Profile ( Free Report ) First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services.
The company operates through Regional Banking and Specialty Banking segments. It offers general banking services for consumers, businesses, financial institutions, and governments. Featured Articles Want to see what other hedge funds are holding FHN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for First Horizon Co. ( NYSE:FHN – Free Report ). Receive News & Ratings for First Horizon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon and related companies with MarketBeat.
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