First Horizon Co. (NYSE:FHN) Stock Holdings Trimmed by Walleye Capital LLC

Walleye Capital LLC lowered its holdings in shares of First Horizon Co. (NYSE:FHNGet Rating) by 70.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,281 shares of the financial services provider’s stock after selling 161,726 shares during the period. Walleye Capital LLC’s holdings in First Horizon were worth $1,557,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sculptor Capital LP bought a new stake in First Horizon during the 1st quarter valued at $14,842,000. Angelo Gordon & CO. L.P. bought a new stake in shares of First Horizon in the 1st quarter worth $4,111,000. Resources Management Corp CT ADV raised its stake in shares of First Horizon by 43.1% in the 1st quarter. Resources Management Corp CT ADV now owns 93,405 shares of the financial services provider’s stock worth $2,194,000 after buying an additional 28,130 shares in the last quarter. Toroso Investments LLC raised its stake in shares of First Horizon by 10.8% in the 1st quarter. Toroso Investments LLC now owns 29,864 shares of the financial services provider’s stock worth $702,000 after buying an additional 2,922 shares in the last quarter. Finally, Gabelli Funds LLC bought a new stake in shares of First Horizon in the 1st quarter worth $14,976,000. Institutional investors own 81.49% of the company’s stock.

First Horizon Stock Performance

Shares of NYSE FHN opened at $23.33 on Friday. 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 stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 16.20, a PEG ratio of 3.03 and a beta of 1.04. The stock’s fifty day simple moving average is $22.68 and its 200 day simple moving average is $22.65. First Horizon Co. has a 52-week low of $14.67 and a 52-week high of $24.24.

First Horizon (NYSE:FHNGet Rating) last issued its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). First Horizon had a net margin of 26.78% and a return on equity of 12.27%. During the same period in the previous year, the company posted $0.58 EPS. As a group, sell-side analysts forecast that First Horizon Co. will post 1.51 earnings per share for the current fiscal year.

First Horizon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, September 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.57%. First Horizon’s dividend payout ratio is 41.67%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. StockNews.com raised First Horizon from a “sell” rating to a “hold” rating in a research note on Friday, September 9th. Truist Financial boosted their price objective on First Horizon to $25.00 in a research note on Friday, June 3rd. Nine research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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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