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

Knights of Columbus Asset Advisors LLC increased its holdings in shares of First Horizon Co. (NYSE:FHN) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 375,611 shares of the financial services provider’s stock after acquiring an additional 9,512 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in First Horizon were worth $7,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Citigroup Inc. raised its stake in First Horizon by 43.0% during the third quarter. Citigroup Inc. now owns 948,122 shares of the financial services provider’s stock worth $14,724,000 after acquiring an additional 285,108 shares during the period. Allen Capital Group LLC raised its stake in First Horizon by 128.4% during the third quarter. Allen Capital Group LLC now owns 52,612 shares of the financial services provider’s stock worth $817,000 after acquiring an additional 29,581 shares during the period. First Citizens Bank & Trust Co. acquired a new stake in First Horizon during the fourth quarter worth about $304,000. Merit Financial Group LLC acquired a new stake in First Horizon during the fourth quarter worth about $453,000. Finally, Smith Group Asset Management LLC bought a new position in First Horizon in the 4th quarter worth about $1,813,000. Institutional investors and hedge funds own 80.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on FHN shares. JPMorgan Chase & Co. upped their target price on shares of First Horizon from $22.50 to $23.50 and gave the stock a “neutral” rating in a research report on Friday, January 17th. UBS Group initiated coverage on shares of First Horizon in a research note on Tuesday, December 17th. They set a “buy” rating and a $25.00 price objective on the stock. Keefe, Bruyette & Woods raised 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. The Goldman Sachs Group raised their price objective on shares of First Horizon from $18.50 to $23.00 and gave the company a “neutral” rating in a research note on Tuesday, November 26th. Finally, Bank of America raised their price objective on shares of First Horizon from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating and nine have issued 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.

Insider Buying and Selling at First Horizon

In other First Horizon news, CEO D Bryan Jordan sold 109,980 shares of First Horizon 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 sale, the chief executive officer now owns 1,861,381 shares of the company’s stock, valued at $39,330,980.53. This trade represents a 5.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

First Horizon Trading Up 0.2 %

First Horizon stock opened at $19.26 on Friday. The company has a 50 day moving average price of $20.80 and a 200 day moving average price of $19.17. First Horizon Co. has a 52 week low of $13.72 and a 52 week high of $22.44. 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 firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.19 and a beta of 0.86.

First Horizon (NYSE:FHN) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $0.43 EPS for the quarter, topping 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 last year, the business posted $0.32 earnings per share. Research analysts forecast that First Horizon Co. will post 1.67 EPS for the current year.

First Horizon Announces Dividend

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

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.