21,934 Shares in First Horizon Co. (NYSE:FHN) Purchased by Atria Investments Inc

Atria Investments Inc purchased a new stake in shares of First Horizon Co. (NYSE:FHN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,934 shares of the financial services provider's stock, valued at approximately $442,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Keybank National Association OH grew its holdings in shares of First Horizon by 11.9% in the fourth quarter. Keybank National Association OH now owns 88,731 shares of the financial services provider's stock worth $1,787,000 after acquiring an additional 9,402 shares during the period. Steward Partners Investment Advisory LLC boosted its position in First Horizon by 3.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 15,731 shares of the financial services provider's stock worth $317,000 after purchasing an additional 571 shares during the last quarter. Sage Rhino Capital LLC bought a new stake in shares of First Horizon during the 4th quarter valued at about $201,000. Jones Financial Companies Lllp purchased a new stake in shares of First Horizon during the 4th quarter valued at about $30,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of First Horizon by 20.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,736 shares of the financial services provider's stock worth $95,000 after purchasing an additional 820 shares during the period. Hedge funds and other institutional investors own 80.28% of the company's stock.

First Horizon Price Performance

NYSE FHN traded up $0.39 on Wednesday, reaching $19.21. The company had a trading volume of 2,933,530 shares, compared to its average volume of 6,011,851. The stock has a market capitalization of $10.02 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86. The firm's 50 day moving average price is $20.88 and its 200 day moving average price is $19.16. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. First Horizon Co. has a 12 month low of $13.72 and a 12 month high of $22.44.

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First Horizon (NYSE:FHN - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $0.43 EPS 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 quarter last year, the firm earned $0.32 earnings per share. As a group, equities analysts predict that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. First Horizon's dividend payout ratio (DPR) is presently 44.12%.

Analyst Upgrades and Downgrades

FHN has been the subject of several recent research reports. UBS Group began coverage on shares of First Horizon in a research report on Tuesday, December 17th. They set a "buy" rating and a $25.00 target price for the company. The Goldman Sachs Group boosted their price objective on shares of First Horizon from $18.50 to $23.00 and gave the company a "neutral" rating in a research report on Tuesday, November 26th. Stephens restated an "overweight" rating and issued a $24.00 price objective on shares of First Horizon in a research note on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on First Horizon from $22.50 to $23.50 and gave the company a "neutral" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada boosted their price target on First Horizon from $22.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $22.23.

Insider Activity

In other news, CEO D Bryan Jordan sold 109,980 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 1,861,381 shares in the company, valued at approximately $39,330,980.53. This trade represents a 5.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company's stock.

First Horizon Company Profile

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.