First Horizon Co. (NYSE:FHN) Stock Holdings Trimmed by Teza Capital Management LLC

Teza Capital Management LLC trimmed its position in First Horizon Co. (NYSE:FHN - Free Report) by 87.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,361 shares of the financial services provider's stock after selling 212,663 shares during the quarter. Teza Capital Management LLC's holdings in First Horizon were worth $611,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FHN. Belpointe Asset Management LLC raised its holdings in shares of First Horizon by 3.1% during the 4th quarter. Belpointe Asset Management LLC now owns 17,631 shares of the financial services provider's stock valued at $355,000 after buying an additional 535 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of First Horizon by 3.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 15,731 shares of the financial services provider's stock valued at $317,000 after buying an additional 571 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of First Horizon by 29.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,568 shares of the financial services provider's stock valued at $52,000 after buying an additional 591 shares during the period. Independent Advisor Alliance raised its holdings in shares of First Horizon by 1.1% during the 4th quarter. Independent Advisor Alliance now owns 57,730 shares of the financial services provider's stock valued at $1,163,000 after buying an additional 632 shares during the period. Finally, Access Investment Management LLC raised its holdings in shares of First Horizon by 0.8% during the 4th quarter. Access Investment Management LLC now owns 88,490 shares of the financial services provider's stock valued at $1,782,000 after buying an additional 675 shares during the period. 80.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FHN. Royal Bank of Canada dropped their target price on First Horizon from $24.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped their target price on First Horizon from $22.00 to $20.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. Barclays dropped their price objective on First Horizon from $25.00 to $23.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Citigroup lifted their price objective on First Horizon from $24.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, February 28th. Finally, Baird R W upgraded First Horizon from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Seven equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.41.

First Horizon Stock Performance

Shares of FHN traded up $0.30 during mid-day trading on Thursday, hitting $19.73. The stock had a trading volume of 6,313,347 shares, compared to its average volume of 6,161,721. The company has a market cap of $10.01 billion, a PE ratio of 14.51, a PEG ratio of 1.19 and a beta of 0.59. The company's fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $19.87. 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 Co. has a fifty-two week low of $14.09 and a fifty-two week high of $22.44.

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

First Horizon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, June 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.04%. First Horizon's dividend payout ratio is currently 41.67%.

About First Horizon

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.