Huber Capital Management LLC Sells 21,300 Shares of First Horizon Co. (NYSE:FHN)

Huber Capital Management LLC lessened its stake in shares of First Horizon Co. (NYSE:FHN - Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,168 shares of the financial services provider's stock after selling 21,300 shares during the quarter. First Horizon accounts for about 2.5% of Huber Capital Management LLC's investment portfolio, making the stock its 15th largest position. Huber Capital Management LLC owned 0.12% of First Horizon worth $12,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. Versant Capital Management Inc lifted its holdings in First Horizon by 160.1% during the 4th quarter. Versant Capital Management Inc now owns 1,436 shares of the financial services provider's stock worth $29,000 after buying an additional 884 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of First Horizon in the 4th quarter valued at approximately $30,000. Kentucky Trust Co bought a new stake in shares of First Horizon during the fourth quarter worth $32,000. Lee Danner & Bass Inc. acquired a new stake in shares of First Horizon in the 4th quarter valued at about $50,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in First Horizon by 335.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,596 shares of the financial services provider's stock valued at $52,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 80.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on FHN. Barclays increased their price objective on shares of First Horizon from $23.00 to $25.00 and gave the stock an "overweight" rating in a research note on Friday, December 20th. StockNews.com upgraded shares of First Horizon from a "sell" rating to a "hold" rating in a research note on Tuesday. UBS Group started coverage on First Horizon in a research note on Tuesday, December 17th. They issued a "buy" rating and a $25.00 price target for the company. Bank of America increased their target price on shares of First Horizon from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Stephens reiterated an "overweight" rating and issued a $24.00 price target on shares of First Horizon in a research note on Friday, January 17th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, First Horizon has a consensus rating of "Moderate Buy" and a consensus price target of $22.57.

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Insider Buying and Selling at First Horizon

In related news, CEO D Bryan Jordan sold 109,980 shares of First Horizon stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $21.13, for a total transaction of $2,323,877.40. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company's stock.

First Horizon Price Performance

First Horizon stock traded up $0.31 during mid-day trading on Tuesday, reaching $16.81. The company had a trading volume of 2,386,649 shares, compared to its average volume of 6,246,889. The business has a fifty day simple moving average of $20.27 and a 200 day simple moving average of $19.45. The company has a market cap of $8.64 billion, a P/E ratio of 12.36, a P/E/G ratio of 1.19 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. First Horizon Co. has a fifty-two week low of $13.72 and a fifty-two week high of $22.44.

First Horizon (NYSE:FHN - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 earnings per share 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 last year, the company posted $0.32 EPS. On average, equities research analysts predict that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date was Friday, March 14th. First Horizon's payout ratio is 44.12%.

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.