Cantor Fitzgerald Investment Advisors L.P. Makes New $2.07 Million Investment in First Horizon Corporation $FHN

Key Points

• Cantor Fitzgerald Investment Advisors purchased 90,000 First Horizon shares worth approximately $2.07 million, while institutional investors collectively own 80.28% of the company.
• Analyst sentiment is mixed: First Horizon has a consensus “Hold” rating and an average price target of $27.07, compared with a recent share price of $23.20.
• First Horizon reported quarterly EPS of $0.53, slightly exceeding estimates, and maintains a quarterly dividend of $0.17 per share, representing an annualized yield of about 2.9%.

Cantor Fitzgerald Investment Advisors L.P. bought a new position in shares of First Horizon Corporation (NYSE:FHN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 90,000 shares of the financial services provider's stock, valued at approximately $2,072,000.

Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of First Horizon in the 2nd quarter valued at $1,505,239,000. Bank of New York Mellon Corp acquired a new stake in First Horizon during the 2nd quarter worth about $747,445,000. North Reef Capital Management LP raised its holdings in First Horizon by 25.5% during the 1st quarter. North Reef Capital Management LP now owns 14,453,208 shares of the financial services provider's stock worth $328,955,000 after buying an additional 2,936,368 shares during the period. William Blair Investment Management LLC purchased a new stake in First Horizon during the second quarter valued at about $123,283,000. Finally, Bank of America Corp DE purchased a new stake in First Horizon during the second quarter valued at about $96,739,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FHN shares. Raymond James Financial dropped their target price on shares of First Horizon from $28.00 to $27.00 and set an "outperform" rating on the stock in a research report on Friday, October 16th. Hovde Group initiated coverage on shares of First Horizon in a report on Thursday, September 17th. They set a "market perform" rating and a $25.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of First Horizon from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Wednesday, September 30th. Citigroup decreased their price objective on shares of First Horizon from $28.50 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, September 22nd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of First Horizon in a research note on Friday, September 4th. Eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, First Horizon presently has a consensus rating of "Hold" and a consensus target price of $27.07.

Trending Headlines about First Horizon

Here are the key news stories impacting First Horizon this week:

• Positive Sentiment: Truist raised its price target to $26: The higher target suggests the analyst sees additional upside for FHN, supporting investor sentiment. Truist raises target to USD 26.00 for First Horizon stock
• Positive Sentiment: Heavy call-option buying signaled bullish positioning: Traders acquired 100,171 call options, 1,415% above the average volume. While options activity can be speculative, the sharp increase indicates heightened expectations for a potential rise in FHN shares.
• Positive Sentiment: Greenlight partnership expands customer offerings: First Horizon Bank will provide clients and their families access to Greenlight’s financial-management and safety tools for children and teens. The initiative could strengthen customer engagement and support long-term relationship growth. First Horizon Bank and Greenlight partnership
• Neutral Sentiment: Upcoming investor conference participation: CFO Hope Dmuchowski is scheduled to speak at the BancAnalysts Association of Boston Conference on November 5. The event may provide updates on strategy and financial trends, but no new guidance was announced. First Horizon conference participation
• Neutral Sentiment: Management recognition: Senior Vice President Lena McCloskey received American Banker’s 2026 Most Powerful Women in Banking NEXT award, a positive reputational development but unlikely to materially affect near-term earnings. Lena McCloskey receives NEXT Award

First Horizon Stock Performance

Shares of FHN stock opened at $23.20 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.91. First Horizon Corporation has a fifty-two week low of $20.40 and a fifty-two week high of $26.56. The stock's 50-day moving average is $24.00 and its two-hundred day moving average is $24.53. The firm has a market cap of $10.99 billion, a P/E ratio of 16.69, a PEG ratio of 0.96 and a beta of 0.61.

First Horizon (NYSE:FHN - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. The business had revenue of $883.00 million during the quarter, compared to analyst estimates of $889.18 million. First Horizon had a return on equity of 12.24% and a net margin of 14.35%. During the same period in the previous year, the company earned $0.51 EPS. Analysts predict that First Horizon Corporation will post 2.14 earnings per share for the current fiscal year.

First Horizon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, September 11th. First Horizon's dividend payout ratio (DPR) is presently 48.92%.

Insiders Place Their Bets

In other First Horizon news, EVP Elizabeth Ardoin sold 18,313 shares of First Horizon stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $24.85, for a total value of $455,078.05. Following the completion of the sale, the executive vice president directly owned 340,368 shares in the company, valued at $8,458,144.80. The trade was a 5.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.91% of the company's stock.

About First Horizon

First Horizon Corporation is a financial services company headquartered in Memphis, Tennessee, and the parent company of First Horizon Bank. The company provides banking and financial services to individuals, businesses, institutions and government entities through a network serving communities primarily across the southeastern United States.

Its offerings include consumer and commercial deposit accounts, residential and commercial lending, treasury management, payment services, personal and business banking, and wealth management.

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