Maven Securities LTD Makes New Investment in First Horizon Co. (NYSE:FHN)

Maven Securities LTD bought a new stake in First Horizon Co. (NYSE:FHNGet Rating) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 38,000 shares of the financial services provider’s stock, valued at approximately $893,000.

Several other institutional investors also recently made changes to their positions in FHN. M&T Bank Corp raised its holdings in First Horizon by 13.3% during the first quarter. M&T Bank Corp now owns 20,608 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 2,420 shares during the last quarter. CWM LLC boosted its position in shares of First Horizon by 60.8% in the 1st quarter. CWM LLC now owns 1,233 shares of the financial services provider’s stock worth $29,000 after buying an additional 466 shares in the last quarter. Trustcore Financial Services LLC grew its stake in First Horizon by 64.0% in the 1st quarter. Trustcore Financial Services LLC now owns 2,658 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,037 shares during the last quarter. Inspire Investing LLC purchased a new position in First Horizon during the 1st quarter valued at about $236,000. Finally, Yakira Capital Management Inc. acquired a new position in First Horizon during the first quarter worth about $3,703,000. 81.49% of the stock is currently owned by hedge funds and other institutional investors.

First Horizon Trading Up 0.1 %

Shares of First Horizon stock opened at $23.24 on Friday. First Horizon Co. has a fifty-two week low of $14.67 and a fifty-two week high of $24.24. The business’s fifty day moving average is $22.55 and its two-hundred day moving average is $22.58. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.21. The firm has a market cap of $12.43 billion, a PE ratio of 16.14, a P/E/G ratio of 3.00 and a beta of 1.04.

First Horizon (NYSE:FHNGet Rating) last released its earnings results on Tuesday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.01). First Horizon had a return on equity of 12.27% and a net margin of 26.78%. During the same period in the previous year, the company earned $0.58 EPS. Analysts anticipate that First Horizon Co. will post 1.51 earnings per share for the current year.

First Horizon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 9th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Thursday, September 8th. First Horizon’s dividend payout ratio (DPR) is 41.67%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on FHN shares. StockNews.com raised shares of First Horizon from a “sell” rating to a “hold” rating in a research note on Friday. Truist Financial boosted their price target on First Horizon to $25.00 in a report on Friday, June 3rd. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.83.

First Horizon Profile

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First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. The company operates through three segments: Regional Banking, Specialty Banking, and Corporate. It offers general banking services for consumers, businesses, financial institutions, and governments.

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Institutional Ownership by Quarter for First Horizon (NYSE:FHN)

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