14,600 Shares in First Horizon Co. (NYSE:FHN) Bought by Versor Investments LP

Versor Investments LP acquired a new position in shares of First Horizon Co. (NYSE:FHN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,600 shares of the financial services provider's stock, valued at approximately $294,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its stake in First Horizon by 26.2% in the 4th quarter. Bank of New York Mellon Corp now owns 37,131,162 shares of the financial services provider's stock valued at $747,822,000 after buying an additional 7,715,191 shares during the last quarter. State Street Corp raised its holdings in First Horizon by 18.6% during the third quarter. State Street Corp now owns 26,236,784 shares of the financial services provider's stock worth $410,789,000 after acquiring an additional 4,116,486 shares in the last quarter. Geode Capital Management LLC boosted its position in First Horizon by 0.7% during the third quarter. Geode Capital Management LLC now owns 9,346,924 shares of the financial services provider's stock valued at $145,194,000 after purchasing an additional 61,397 shares during the last quarter. Point72 Asset Management L.P. bought a new position in First Horizon in the third quarter valued at approximately $39,242,000. Finally, Barclays PLC increased its holdings in shares of First Horizon by 169.1% in the third quarter. Barclays PLC now owns 1,886,828 shares of the financial services provider's stock valued at $29,301,000 after purchasing an additional 1,185,772 shares during the last quarter. 80.28% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, CEO D Bryan Jordan sold 109,980 shares of the business'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 in the company, valued at $39,330,980.53. The trade was a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays boosted their price target on First Horizon from $23.00 to $25.00 and gave the company an "overweight" rating in a research note on Friday, December 20th. Citigroup increased their price target on First Horizon from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Raymond James upped their target price on First Horizon from $19.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Keefe, Bruyette & Woods boosted their price target on First Horizon from $23.00 to $24.00 and gave the company a "market perform" rating in a research note on Thursday, December 19th. Finally, UBS Group assumed coverage on shares of First Horizon in a research note on Tuesday, December 17th. They set a "buy" rating and a $25.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, First Horizon has a consensus rating of "Moderate Buy" and an average price target of $22.23.

First Horizon Trading Down 1.6 %

NYSE FHN traded down $0.31 on Friday, hitting $18.93. The company's stock had a trading volume of 12,955,022 shares, compared to its average volume of 6,091,971. The company's 50-day moving average is $21.14 and its 200 day moving average is $18.98. The firm has a market cap of $9.87 billion, a PE ratio of 13.92, a PEG ratio of 1.19 and a beta of 0.86. First Horizon Co. has a 1-year low of $13.72 and a 1-year high of $22.44. 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 (NYSE:FHN - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 earnings per share 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 period in the prior year, the business earned $0.32 earnings per share. As a group, analysts predict that First Horizon Co. will post 1.67 earnings per share for the current fiscal year.

First Horizon Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.17%. First Horizon's dividend payout ratio (DPR) 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.