First Horizon Co. (NYSE:FHN) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its position in shares of First Horizon Co. (NYSE:FHN - Free Report) by 64.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,845 shares of the financial services provider's stock after selling 288,238 shares during the quarter. Trexquant Investment LP's holdings in First Horizon were worth $3,139,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FHN. Steward Partners Investment Advisory LLC boosted its position in shares of First Horizon by 3.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,731 shares of the financial services provider's stock worth $317,000 after buying an additional 571 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Horizon by 29.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,568 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 591 shares in the last quarter. Independent Advisor Alliance lifted its holdings in shares of First Horizon by 1.1% in the fourth quarter. Independent Advisor Alliance now owns 57,730 shares of the financial services provider's stock valued at $1,163,000 after purchasing an additional 632 shares in the last quarter. Access Investment Management LLC grew its position in shares of First Horizon by 0.8% in the fourth quarter. Access Investment Management LLC now owns 88,490 shares of the financial services provider's stock valued at $1,782,000 after purchasing an additional 675 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of First Horizon by 20.9% during 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 in the last quarter. Institutional investors and hedge funds own 80.28% of the company's stock.

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Insider Buying and Selling at First Horizon

In other news, CEO D Bryan Jordan sold 109,980 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now owns 1,861,381 shares of the company's stock, valued at approximately $39,330,980.53. This trade represents a 5.58 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FHN has been the topic of a number of recent research reports. Robert W. Baird raised First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 target price on the stock in a research note on Monday. UBS Group began coverage on First Horizon in a research report on Tuesday, December 17th. They issued a "buy" rating and a $25.00 price objective on the stock. Wells Fargo & Company dropped their price objective on First Horizon from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday. Stephens restated an "overweight" rating and issued a $24.00 target price on shares of First Horizon in a report on Friday, January 17th. Finally, Raymond James lowered their price target on shares of First Horizon from $23.00 to $22.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $22.30.

First Horizon Trading Down 0.1 %

Shares of FHN stock traded down $0.02 on Friday, reaching $16.92. 6,616,534 shares of the stock were exchanged, compared to its average volume of 6,304,523. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.14. The stock has a market cap of $8.70 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 1.19 and a beta of 0.60. The firm has a 50 day moving average of $19.72 and a two-hundred day moving average of $19.46. First Horizon Co. has a 1-year low of $13.72 and a 1-year high of $22.44.

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, topping the consensus estimate 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. On average, research analysts anticipate that First Horizon Co. will post 1.67 EPS for the current year.

First Horizon Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.60 annualized dividend and a yield of 3.55%. 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.