2 weeks Ago By ABMN Staff
Millennium Management LLC lifted its holdings in First Horizon Co. ( NYSE:FHN – Free Report ) by 46.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The firm owned 14,370,699 shares of the financial services provider’s stock after acquiring an additional 4,558,129 shares during the period. Millennium Management LLC owned 2.63% of First Horizon worth $226,626,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in FHN. Rise Advisors LLC bought a new position in First Horizon during the first quarter valued at approximately $25,000. Raleigh Capital Management Inc.
bought a new position in First Horizon during the fourth quarter valued at approximately $28,000. Fidelis Capital Partners LLC bought a new position in First Horizon during the first quarter valued at approximately $28,000. Family Firm Inc.
bought a new position in First Horizon during the second quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC boosted its stake in First Horizon by 129.3% during the first quarter.
Fortitude Family Office LLC now owns 1,954 shares of the financial services provider’s stock valued at $30,000 after buying an additional 1,102 shares during the last quarter. Institutional investors own 80.28% of the company’s stock.
First Horizon Stock Up 0.9 % Shares of FHN stock opened at $15.39 on Friday.
The company has a debt-to-equity ratio of 0.14, a current ratio of 0.95 and a quick ratio of 0.
95. The stock’s fifty day moving average price is $15.86 and its 200 day moving average price is $15.
46. The company has a market cap of $8.42 billion, a price-to-earnings ratio of 10.
76, a price-to-earnings-growth ratio of 3.17 and a beta of 0.88.
First Horizon Co. has a 1-year low of $10.08 and a 1-year high of $17.
46. First Horizon Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a dividend of $0.
15 per share. The ex-dividend date is Friday, September 13th. This represents a $0.
60 dividend on an annualized basis and a dividend yield of 3.90%. First Horizon’s payout ratio is currently 41.
96%. Analyst Ratings Changes FHN has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.
00 price target on shares of First Horizon in a research note on Wednesday, July 17th. Evercore ISI reduced their price target on First Horizon from $19.50 to $18.
50 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Raymond James downgraded First Horizon from a “strong-buy” rating to an “outperform” rating and set a $18.00 price target on the stock.
in a report on Thursday, July 18th. Royal Bank of Canada increased their price target on First Horizon from $18.00 to $19.
00 and gave the stock an “outperform” rating in a report on Thursday, July 18th. Finally, Barclays lifted their target price on First Horizon from $18.00 to $19.
00 and gave the company an “overweight” rating in a research report on Monday, June 24th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.38. Get Our Latest Report on First Horizon About First Horizon ( 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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