Teza Capital Management LLC Sells 212,663 Shares of First Horizon Co. (NYSE:FHN)

Teza Capital Management LLC reduced its position in shares of First Horizon Co. (NYSE:FHN - Free Report) by 87.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,361 shares of the financial services provider's stock after selling 212,663 shares during the period. Teza Capital Management LLC's holdings in First Horizon were worth $611,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in shares of First Horizon during the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new position in First Horizon in the fourth quarter worth approximately $32,000. Lee Danner & Bass Inc. purchased a new position in First Horizon in the fourth quarter worth approximately $50,000. MassMutual Private Wealth & Trust FSB raised its holdings in First Horizon by 335.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,596 shares of the financial services provider's stock worth $52,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in First Horizon by 29.9% during the fourth quarter. Farther Finance Advisors LLC now owns 2,568 shares of the financial services provider's stock worth $52,000 after purchasing an additional 591 shares in the last quarter. 80.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Robert W. Baird raised shares of First Horizon from a "neutral" rating to an "outperform" rating and set a $22.00 target price on the stock in a report on Monday, April 7th. Citigroup boosted their target price on shares of First Horizon from $24.00 to $25.00 and gave the stock a "buy" rating in a research report on Friday, February 28th. Wall Street Zen upgraded shares of First Horizon from a "sell" rating to a "hold" rating in a research report on Monday, May 12th. Raymond James reduced their target price on shares of First Horizon from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company reduced their target price on shares of First Horizon from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $22.41.

First Horizon Trading Up 0.1%

FHN traded up $0.02 during trading on Friday, reaching $19.78. The company had a trading volume of 6,280,892 shares, compared to its average volume of 6,189,955. The firm's 50-day simple moving average is $18.51 and its 200 day simple moving average is $19.88. The company has a market cap of $10.03 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.19 and a beta of 0.59. First Horizon Co. has a 12-month low of $14.09 and a 12-month high of $22.44. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.96.

First Horizon (NYSE:FHN - Get Free Report) last announced 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. The firm had revenue of $823.69 million during the quarter, compared to analyst estimates of $825.11 million. First Horizon had a return on equity of 10.10% and a net margin of 15.38%. During the same period last year, the company posted $0.35 EPS. Equities research analysts anticipate that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Friday, June 13th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 13th. This represents a $0.60 annualized dividend and a dividend yield of 3.03%. First Horizon's dividend payout ratio is 41.67%.

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.