Financial Partners Group LLC trimmed its position in shares of First Horizon Co. (NYSE:FHN – Free Report) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 118,730 shares of the financial services provider’s stock after selling 1,323 shares during the quarter. Financial Partners Group LLC’s holdings in First Horizon were worth $1,844,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of FHN. UMB Bank n.a. grew its holdings in First Horizon by 365.0% in the third quarter. UMB Bank n.a. now owns 1,688 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 1,325 shares during the last quarter. Family Firm Inc. purchased a new stake in First Horizon in the second quarter valued at about $28,000. Nemes Rush Group LLC boosted its holdings in First Horizon by 306.2% in the second quarter. Nemes Rush Group LLC now owns 1,828 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,378 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in shares of First Horizon during the first quarter worth about $28,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of First Horizon in the 2nd quarter valued at approximately $31,000. 80.28% of the stock is currently owned by institutional investors.
First Horizon Price Performance
Shares of NYSE FHN opened at $17.46 on Friday. The firm has a 50-day simple moving average of $16.05 and a 200-day simple moving average of $15.65. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88. First Horizon Co. has a 52 week low of $10.16 and a 52 week high of $17.68.
Analysts Set New Price Targets
FHN has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $18.00 price target on shares of First Horizon in a research note on Wednesday, July 17th. Barclays lifted their price target on First Horizon from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. Stephens lifted their target price on First Horizon from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Jefferies Financial Group increased their price target on shares of First Horizon from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, Evercore ISI decreased their price objective on shares of First Horizon from $18.50 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, First Horizon currently has an average rating of “Moderate Buy” and an average target price of $17.77.
View Our Latest Analysis on FHN
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.
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