2 days Ago By Defense World Staff
LPL Financial LLC lifted its holdings in shares of First Horizon Co. (NYSE:FHN – Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 164,501 shares of the financial services provider’s stock after acquiring an additional 6,931 shares during the period. LPL Financial LLC’s holdings in First Horizon were worth $3,313,000 at the end of the most recent reporting period. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
KLP Kapitalforvaltning AS purchased a new stake in shares of First Horizon during the 4th quarter worth $2,549,000. Knights of Columbus Asset Advisors LLC lifted its stake in shares of First Horizon by 2.6% during the fourth quarter.
Knights of Columbus Asset Advisors LLC now owns 375,611 shares of the financial services provider’s stock valued at $7,565,000 after buying an additional 9,512 shares during the period. American Century Companies Inc. grew its position in shares of First Horizon by 1.
5% in the fourth quarter. American Century Companies Inc. now owns 252,214 shares of the financial services provider’s stock valued at $5,080,000 after purchasing an additional 3,777 shares during the period.
Lee Danner & Bass Inc. acquired a new position in shares of First Horizon during the 4th quarter valued at about $50,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of First Horizon by 31.
4% in the 4th quarter. Teacher Retirement System of Texas now owns 201,416 shares of the financial services provider’s stock valued at $4,057,000 after purchasing an additional 48,177 shares during the last quarter. 80.
28% of the stock is owned by hedge funds and other institutional investors. First Horizon Stock PerformanceFHN opened at $16.92 on Friday.
The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.
14. The firm has a market cap of $8.70 billion, a PE ratio of 12.
44, a P/E/G ratio of 1.19 and a beta of 0.60.
The business has a fifty day simple moving average of $19.72 and a 200-day simple moving average of $19.46.
First Horizon Co. has a fifty-two week low of $13.72 and a fifty-two week high of $22.
44. First Horizon (NYSE:FHN – Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $0.
43 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $0.32 earnings per share. As a group, equities analysts predict that First Horizon Co.
will post 1.67 EPS for the current fiscal year. First Horizon Dividend AnnouncementThe company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st.
Stockholders of record on Friday, March 14th were given a $0.15 dividend. This represents a $0.
60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, March 14th.
First Horizon’s dividend payout ratio (DPR) is currently 44.12%. Insider ActivityIn other news, CEO D Bryan Jordan sold 109,980 shares of First Horizon stock in a transaction on Wednesday, January 22nd.
The stock was sold at an average price of $21.13, for a total transaction of $2,323,877.40.
Following the transaction, the chief executive officer now owns 1,861,381 shares in the company, valued at approximately $39,330,980.53. The trade was a 5.
58 % decrease in their ownership of the stock. 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. Wall Street Analyst Weigh InFHN has been the topic of several research reports. Citigroup raised their price target on shares of First Horizon from $24.
00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 28th. Baird R W upgraded shares of First Horizon from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th.
Robert W. Baird raised First Horizon from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a report on Monday, April 7th.
Keefe, Bruyette & Woods increased their price objective on shares of First Horizon from $23.00 to $24.00 and gave the stock a “market perform” rating in a research note on Thursday, December 19th.
Finally, Stephens reaffirmed an “overweight” rating and issued a $24.00 price objective on shares of First Horizon in a report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat, First Horizon currently has an average rating of “Moderate Buy” and a consensus target price of $22.30.View Our Latest Analysis on FHNFirst 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 AlsoFive stocks we like better than First HorizonPros And Cons Of Monthly Dividend StocksJPMorgan is a Buy, if You Can Handle The Volatility Stock Analyst Ratings and Canadian Analyst RatingsUnited States Steel’s Crash: An Unmissable Buying Opportunity3 Dividend Kings To ConsiderRocket Lab Stock: Weathering the Storm, Time for a Comeback?.
