2 days Ago By ABMN Staff
LPL Financial LLC raised its position in First Horizon Co. ( NYSE:FHN – Free Report ) by 4.4% during the fourth quarter, HoldingsChannel.
com reports. The firm owned 164,501 shares of the financial services provider’s stock after buying an additional 6,931 shares during the quarter. LPL Financial LLC’s holdings in First Horizon were worth $3,313,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of First Horizon by 26.2% during 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. Geode Capital Management LLC lifted its stake in First Horizon by 0.7% in the third quarter.
Geode Capital Management LLC now owns 9,346,924 shares of the financial services provider’s stock valued at $145,194,000 after acquiring an additional 61,397 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Horizon in the fourth quarter worth approximately $102,467,000.
Amundi grew its position in First Horizon by 255.6% in the fourth quarter. Amundi now owns 3,733,831 shares of the financial services provider’s stock worth $77,104,000 after acquiring an additional 2,683,746 shares in the last quarter.
Finally, Johnson Investment Counsel Inc. increased its stake in shares of First Horizon by 2.8% during the 4th quarter.
Johnson Investment Counsel Inc. now owns 2,661,592 shares of the financial services provider’s stock worth $53,604,000 after purchasing an additional 72,339 shares during the last quarter. 80.
28% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth FHN has been the subject of several analyst reports. Robert W.
Baird raised shares of First Horizon from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods boosted their price target on First Horizon from $23.
00 to $24.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Citigroup increased their price objective on First Horizon from $24.
00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 28th. Bank of America boosted their target price on First Horizon from $23.
00 to $25.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Barclays lowered their price target on First Horizon from $25.
00 to $23.00 and set an “overweight” rating on the stock in a report on Tuesday. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company.
According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.30.
Insider Buying and Selling 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 completion of the transaction, the chief executive officer now owns 1,861,381 shares in the company, valued at approximately $39,330,980.53.
This represents a 5.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website .
0.87% of the stock is owned by company insiders. First Horizon Stock Performance NYSE:FHN opened at $16.
92 on Friday. The firm’s 50-day moving average is $19.72 and its 200-day moving average is $19.
46. The company has a market cap of $8.70 billion, a price-to-earnings ratio of 12.
44, a PEG ratio of 1.19 and a beta of 0.60.
The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.
96. First Horizon Co. has a 52-week low of $13.
72 and a 52-week high of $22.44. First Horizon ( NYSE:FHN – Get Free Report ) last issued its quarterly earnings results on Thursday, January 16th.
The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.
05. First Horizon had a return on equity of 10.10% and a net margin of 15.
38%. During the same quarter last year, the business earned $0.32 EPS.
Equities research analysts anticipate that First Horizon Co. will post 1.67 earnings per share for the current year.
First Horizon Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.15 dividend.
The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.
55%. First Horizon’s payout ratio is 44.12%.
First Horizon 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.
See Also 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 ).
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