American Century Companies Inc. Has $5.08 Million Holdings in First Horizon Co. (NYSE:FHN)

American Century Companies Inc. grew its holdings in First Horizon Co. (NYSE:FHN) by 1.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 252,214 shares of the financial services provider’s stock after purchasing an additional 3,777 shares during the period. American Century Companies Inc.’s holdings in First Horizon were worth $5,080,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in First Horizon by 26.2% during the fourth quarter. Bank of New York Mellon Corp now owns 37,131,162 shares of the financial services provider’s stock valued at $747,822,000 after purchasing an additional 7,715,191 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Horizon during the 4th quarter valued at $102,467,000. State Street Corp grew its holdings in shares of First Horizon by 18.6% during the 3rd quarter. State Street Corp now owns 26,236,784 shares of the financial services provider’s stock valued at $410,789,000 after acquiring an additional 4,116,486 shares in the last quarter. Amundi increased its stake in shares of First Horizon by 255.6% in the fourth quarter. Amundi now owns 3,733,831 shares of the financial services provider’s stock worth $77,104,000 after acquiring an additional 2,683,746 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of First Horizon by 169.1% during the third quarter. Barclays PLC now owns 1,886,828 shares of the financial services provider’s stock worth $29,301,000 after acquiring an additional 1,185,772 shares in the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.

Insider Activity

In other 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 transaction of $2,323,877.40. Following the completion of the transaction, the chief executive officer now owns 1,861,381 shares of the company’s stock, valued at approximately $39,330,980.53. This represents a 5.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

First Horizon Stock Performance

Shares of 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 current ratio of 0.96 and a quick ratio of 0.95. First Horizon Co. has a one year low of $13.72 and a one year high of $22.44. The company’s fifty day moving average price is $20.36 and its 200 day moving average price is $19.40.

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 return on equity of 10.10% and a net margin of 15.38%. During the same period last year, the firm earned $0.32 EPS. As a group, analysts expect that First Horizon Co. will post 1.67 earnings per share for the current year.

First Horizon Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FHN shares. JPMorgan Chase & Co. upped their target price on First Horizon from $22.50 to $23.50 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods boosted their price target on First Horizon from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, December 19th. Citigroup raised their price objective 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. Royal Bank of Canada lifted their target price on shares of First Horizon from $22.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Raymond James dropped their price target on shares of First Horizon from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.23.

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.