Deutsche Bank AG Has $723,000 Holdings in First Horizon Co. (NYSE:FHN)

Deutsche Bank AG reduced its stake in shares of First Horizon Co. (NYSE:FHN - Free Report) by 98.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,896 shares of the financial services provider's stock after selling 2,431,130 shares during the quarter. Deutsche Bank AG's holdings in First Horizon were worth $723,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of FHN. Barclays PLC raised its stake in First Horizon by 169.1% during the 3rd 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. First Citizens Bank & Trust Co. bought a new stake in First Horizon in the 4th quarter valued at $304,000. KBC Group NV increased its holdings in First Horizon by 249.8% in the 4th quarter. KBC Group NV now owns 166,961 shares of the financial services provider's stock valued at $3,363,000 after buying an additional 119,237 shares during the period. Pacer Advisors Inc. increased its holdings in First Horizon by 1.1% in the 4th quarter. Pacer Advisors Inc. now owns 79,022 shares of the financial services provider's stock valued at $1,592,000 after buying an additional 824 shares during the period. Finally, Perigon Wealth Management LLC increased its holdings in First Horizon by 9.9% in the 4th quarter. Perigon Wealth Management LLC now owns 12,698 shares of the financial services provider's stock valued at $271,000 after buying an additional 1,149 shares during the period. 80.28% of the stock is currently owned by institutional investors and hedge funds.

First Horizon Price Performance

NYSE:FHN traded down $0.27 during mid-day trading on Friday, reaching $19.84. 5,221,733 shares of the company were exchanged, compared to its average volume of 6,182,056. First Horizon Co. has a 12 month low of $14.09 and a 12 month high of $22.44. The company has a fifty day moving average of $18.57 and a 200 day moving average of $19.89. 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 $10.06 billion, a PE ratio of 14.59, a PEG ratio of 1.19 and a beta of 0.59.

First Horizon (NYSE:FHN - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.02. First Horizon had a net margin of 15.38% and a return on equity of 10.10%. The firm had revenue of $823.69 million for the quarter, compared to analyst estimates of $825.11 million. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, research analysts anticipate that First Horizon Co. will post 1.67 EPS for the current fiscal year.

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.02%. First Horizon's payout ratio is presently 41.67%.

Analyst Ratings Changes

Several brokerages have issued reports on FHN. Truist Financial began coverage on shares of First Horizon in a report on Tuesday, May 13th. They issued a "hold" rating and a $21.00 price target on the stock. Baird R W raised shares of First Horizon from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Keefe, Bruyette & Woods lowered their price target on shares of First Horizon from $24.00 to $22.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Robert W. Baird raised shares of First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 price target on the stock in a report on Monday, April 7th. Finally, Citigroup boosted their price target on shares of First Horizon from $24.00 to $25.00 and gave the company a "buy" rating in a report on Friday, February 28th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, First Horizon currently has an average rating of "Moderate Buy" and an average target price of $22.41.

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.