Fort Sheridan Advisors LLC Has $950,000 Holdings in First Horizon Co. (NYSE:FHN)

Fort Sheridan Advisors LLC boosted its holdings in First Horizon Co. (NYSE:FHN - Free Report) by 34.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,170 shares of the financial services provider's stock after buying an additional 12,000 shares during the period. Fort Sheridan Advisors LLC's holdings in First Horizon were worth $950,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FHN. Wealth Enhancement Advisory Services LLC increased its position in First Horizon by 19.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 134,357 shares of the financial services provider's stock worth $2,087,000 after acquiring an additional 21,589 shares during the period. State of Alaska Department of Revenue grew its position in First Horizon by 2.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 62,253 shares of the financial services provider's stock worth $966,000 after purchasing an additional 1,625 shares during the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of First Horizon by 62.5% during the 3rd quarter. Pallas Capital Advisors LLC now owns 28,193 shares of the financial services provider's stock worth $438,000 after purchasing an additional 10,843 shares during the period. Stephens Inc. AR raised its position in shares of First Horizon by 6.1% during the third quarter. Stephens Inc. AR now owns 165,629 shares of the financial services provider's stock valued at $2,572,000 after buying an additional 9,458 shares during the last quarter. Finally, EMC Capital Management lifted its stake in shares of First Horizon by 28.1% in the third quarter. EMC Capital Management now owns 15,823 shares of the financial services provider's stock valued at $271,000 after buying an additional 3,470 shares during the period. 80.28% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other news, CEO D Bryan Jordan sold 109,980 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer now owns 1,861,381 shares of the company's stock, valued at $39,330,980.53. This trade represents a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.87% of the company's stock.

First Horizon Trading Down 3.0 %

Shares of NYSE FHN traded down $0.65 during mid-day trading on Monday, hitting $20.89. The company's stock had a trading volume of 7,544,391 shares, compared to its average volume of 5,662,537. The company's fifty day simple moving average is $21.17 and its 200-day simple moving average is $18.91. First Horizon Co. has a one year low of $13.72 and a one year high of $22.44. The stock has a market cap of $11.07 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.95.

First Horizon (NYSE:FHN - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 EPS for the quarter, topping 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 in the previous year, the firm earned $0.32 earnings per share. On average, sell-side analysts anticipate that First Horizon Co. will post 1.67 earnings per share for the current fiscal year.

First Horizon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Friday, March 14th. First Horizon's payout ratio is presently 44.12%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FHN shares. UBS Group initiated coverage on First Horizon in a research note on Tuesday, December 17th. They set a "buy" rating and a $25.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on First Horizon from $22.50 to $23.50 and gave the company a "neutral" rating in a research report on Friday, January 17th. The Goldman Sachs Group raised their target price on First Horizon from $18.50 to $23.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 26th. Stephens reissued an "overweight" rating and issued a $24.00 price target on shares of First Horizon in a report on Friday, January 17th. Finally, Citigroup increased their price objective on shares of First Horizon from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Friday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $22.23.

First Horizon 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.