Worldquant Millennium Advisors LLC Has $2.73 Million Stake in First Horizon Co. (NYSE:FHN)

Worldquant Millennium Advisors LLC increased its position in First Horizon Co. (NYSE:FHN - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,421 shares of the financial services provider's stock after buying an additional 19,599 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in First Horizon were worth $2,727,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in First Horizon in the fourth quarter worth approximately $30,000. Kentucky Trust Co purchased a new position in shares of First Horizon in the fourth quarter worth approximately $32,000. Lee Danner & Bass Inc. acquired a new stake in First Horizon during the 4th quarter valued at $50,000. Farther Finance Advisors LLC raised its position 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 valued at $52,000 after buying an additional 591 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of 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 during the period. Institutional investors own 80.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on FHN shares. Baird R W upgraded First Horizon from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 7th. Citigroup boosted their price objective on First Horizon from $24.00 to $25.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Barclays lowered their price target on shares of First Horizon from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Bank of America increased their price objective on First Horizon from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their target price on First Horizon from $22.00 to $20.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 9th. Seven analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, First Horizon currently has an average rating of "Moderate Buy" and an average price target of $22.41.

First Horizon Trading Up 0.1%

Shares of FHN stock traded up $0.02 on Monday, reaching $19.78. The company had a trading volume of 6,280,892 shares, compared to its average volume of 6,189,955. The company has a 50-day moving average of $18.51 and a 200-day moving average of $19.89. First Horizon Co. has a 12 month low of $14.09 and a 12 month high of $22.44. The stock has a market cap of $10.03 billion, a PE ratio of 14.54, a PEG ratio of 1.19 and a beta of 0.59. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14.

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

First Horizon Announces Dividend

The company 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend is Friday, June 13th. First Horizon's dividend payout ratio is currently 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.