10,900 Shares in First Horizon Co. (NYSE:FHN) Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in First Horizon Co. (NYSE:FHN) during the 4th quarter, Holdings Channel reports. The fund acquired 10,900 shares of the financial services provider’s stock, valued at approximately $220,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FHN. Cerity Partners LLC boosted its position in shares of First Horizon by 44.9% during the third quarter. Cerity Partners LLC now owns 114,529 shares of the financial services provider’s stock worth $1,779,000 after buying an additional 35,479 shares during the period. Fisher Asset Management LLC boosted its position in First Horizon by 18.5% during the 3rd quarter. Fisher Asset Management LLC now owns 242,684 shares of the financial services provider’s stock worth $3,769,000 after acquiring an additional 37,939 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of First Horizon during the 3rd quarter worth approximately $92,000. BNP Paribas Financial Markets raised its holdings in shares of First Horizon by 590.7% in the third quarter. BNP Paribas Financial Markets now owns 517,625 shares of the financial services provider’s stock valued at $8,039,000 after purchasing an additional 442,686 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of First Horizon in the third quarter worth $231,000. 80.28% of the stock is owned by institutional investors and hedge funds.

First Horizon Stock Performance

Shares of FHN stock opened at $19.24 on Friday. The company has a market capitalization of $9.89 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.19 and a beta of 0.86. 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 Co. has a 52 week low of $13.72 and a 52 week high of $22.44. The company has a 50-day simple moving average of $20.65 and a 200 day simple moving average of $19.30.

First Horizon (NYSE:FHN) last issued its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.05. First Horizon had a net margin of 15.38% and a return on equity of 10.10%. During the same period in the previous year, the business posted $0.32 earnings per share. On average, sell-side analysts predict that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, March 14th. First Horizon’s dividend payout ratio (DPR) is presently 44.12%.

Insider Buying and Selling

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $21.13, for a total transaction of $2,323,877.40. Following the completion of the transaction, the chief executive officer now directly owns 1,861,381 shares in the company, valued at $39,330,980.53. The trade was a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FHN has been the subject of a number of analyst reports. Citigroup raised their target price on shares of First Horizon from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 28th. Wells Fargo & Company lifted their target price on First Horizon from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. UBS Group began coverage on First Horizon in a research report on Tuesday, December 17th. They set a “buy” rating and a $25.00 price target for the company. Bank of America boosted their price target on First Horizon from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upped their price objective on First Horizon from $22.00 to $23.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $22.23.

First Horizon Company 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.