B. Metzler seel. Sohn & Co. AG Buys Shares of 34,327 First Horizon Co. (NYSE:FHN)

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of First Horizon Co. (NYSE:FHN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 34,327 shares of the financial services provider’s stock, valued at approximately $691,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in First Horizon by 160.1% during the 4th quarter. Versant Capital Management Inc now owns 1,436 shares of the financial services provider’s stock valued at $29,000 after buying an additional 884 shares in the last quarter. Jones Financial Companies Lllp acquired a new position in shares of First Horizon during the fourth quarter valued at about $30,000. Kentucky Trust Co purchased a new position in shares of First Horizon in the 4th quarter valued at approximately $32,000. Lee Danner & Bass Inc. acquired a new stake in First Horizon in the 4th quarter worth approximately $50,000. Finally, Farther Finance Advisors LLC grew its position in 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 worth $52,000 after purchasing an additional 591 shares during the last quarter. Hedge funds and other institutional investors own 80.28% of the company’s stock.

Insider Transactions at First Horizon

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of the company’s stock in a transaction 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 approximately $39,330,980.53. This represents a 5.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

First Horizon Stock Performance

Shares of NYSE FHN opened at $16.16 on Friday. The company has a market capitalization of $8.31 billion, a PE ratio of 11.88, a price-to-earnings-growth 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. The company’s fifty day moving average price is $20.36 and its 200 day moving average price is $19.40. First Horizon Co. has a 1 year low of $13.72 and a 1 year high of $22.44.

First Horizon (NYSE:FHN) last posted its earnings results on Thursday, January 16th. The financial services provider reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. First Horizon had a return on equity of 10.10% and a net margin of 15.38%. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, research analysts predict that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Friday, March 14th. First Horizon’s dividend payout ratio (DPR) is presently 44.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Royal Bank of Canada raised their price target on shares of First Horizon from $22.00 to $23.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. UBS Group assumed 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. Stephens reissued an “overweight” rating and issued a $24.00 price objective on shares of First Horizon in a report on Friday, January 17th. Raymond James decreased their target price on First Horizon from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Citigroup increased their price target on shares of First Horizon from $24.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.23.

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.