First Horizon Co. (NYSE:FHN) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its stake in shares of First Horizon Co. (NYSE:FHN) by 2.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,611 shares of the financial services provider’s stock after purchasing an additional 9,512 shares during the period. Knights of Columbus Asset Advisors LLC owned 0.07% of First Horizon worth $7,565,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. raised its holdings in First Horizon by 1.5% in the 4th quarter. American Century Companies Inc. now owns 252,214 shares of the financial services provider’s stock valued at $5,080,000 after acquiring an additional 3,777 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in First Horizon in the 4th quarter valued at $50,000. Teacher Retirement System of Texas raised its holdings in First Horizon by 31.4% in the 4th quarter. Teacher Retirement System of Texas now owns 201,416 shares of the financial services provider’s stock valued at $4,057,000 after acquiring an additional 48,177 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in First Horizon in the 4th quarter valued at $122,000. Finally, FreeGulliver LLC acquired a new position in First Horizon in the 4th quarter valued at $2,036,000. 80.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on FHN shares. Royal Bank of Canada boosted their price target on First Horizon from $22.00 to $23.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Stephens reissued an “overweight” rating and set a $24.00 price objective on shares of First Horizon in a research note on Friday, January 17th. JPMorgan Chase & Co. boosted their price objective on shares of First Horizon from $22.50 to $23.50 and gave the company a “neutral” rating in a research note on Friday, January 17th. Wells Fargo & Company boosted their price objective on shares of First Horizon from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of First Horizon from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.23.

First Horizon Stock Up 0.2 %

Shares of First Horizon stock opened at $19.26 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.95 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average price of $20.80 and a 200 day moving average price of $19.17. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.86. First Horizon Co. has a twelve month low of $13.72 and a twelve month high of $22.44.

First Horizon (NYSE:FHN) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 company posted $0.32 earnings per share. Equities research analysts forecast that First Horizon Co. will post 1.67 earnings per share for the current fiscal year.

First Horizon Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.15 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.60 dividend on an annualized basis and a yield of 3.12%. First Horizon’s payout ratio is currently 44.12%.

Insider Buying and Selling at First Horizon

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $21.13, for a total value of $2,323,877.40. Following the completion of the transaction, the chief executive officer now directly owns 1,861,381 shares of the company’s stock, valued at $39,330,980.53. This represents a 5.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

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.