First Horizon National Corp (NYSE:FHN) Shares Sold by First Trust Advisors LP

Share on StockTwits

First Trust Advisors LP trimmed its position in shares of First Horizon National Corp (NYSE:FHN) by 69.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 850,190 shares of the financial services provider’s stock after selling 1,968,376 shares during the quarter. First Trust Advisors LP owned 0.27% of First Horizon National worth $8,468,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System increased its stake in shares of First Horizon National by 0.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 422,624 shares of the financial services provider’s stock worth $3,406,000 after acquiring an additional 1,326 shares during the period. Texas Permanent School Fund grew its position in First Horizon National by 0.8% during the first quarter. Texas Permanent School Fund now owns 177,162 shares of the financial services provider’s stock worth $1,428,000 after buying an additional 1,339 shares during the period. Public Employees Retirement Association of Colorado grew its position in First Horizon National by 4.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 44,333 shares of the financial services provider’s stock worth $357,000 after buying an additional 1,932 shares during the period. Country Club Trust Company n.a. grew its position in First Horizon National by 3.6% during the second quarter. Country Club Trust Company n.a. now owns 60,771 shares of the financial services provider’s stock worth $582,000 after buying an additional 2,110 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in First Horizon National by 2.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 114,520 shares of the financial services provider’s stock worth $923,000 after buying an additional 2,318 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Shares of FHN opened at $9.27 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.93 and a current ratio of 0.95. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 9.97 and a beta of 1.60. The company’s 50 day simple moving average is $9.51 and its 200 day simple moving average is $10.99. First Horizon National Corp has a 1 year low of $6.27 and a 1 year high of $17.42.

First Horizon National (NYSE:FHN) last announced its quarterly earnings data on Friday, July 17th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $511.61 million for the quarter, compared to analysts’ expectations of $477.52 million. First Horizon National had a net margin of 13.06% and a return on equity of 7.45%. During the same period in the previous year, the company posted $0.42 EPS. Equities analysts expect that First Horizon National Corp will post 0.8 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, September 10th. First Horizon National’s payout ratio is 36.14%.

Several research analysts have weighed in on FHN shares. Royal Bank of Canada restated a “hold” rating and set a $10.00 target price on shares of First Horizon National in a research report on Monday, July 20th. UBS Group upped their target price on shares of First Horizon National from $10.50 to $11.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Raymond James lowered their target price on shares of First Horizon National from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Wells Fargo & Co increased their price target on shares of First Horizon National from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Finally, Zacks Investment Research lowered shares of First Horizon National from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Monday, July 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. First Horizon National presently has a consensus rating of “Buy” and an average price target of $12.64.

First Horizon National Company Profile

First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.

Further Reading: Is a Roth IRA right for you?

Institutional Ownership by Quarter for First Horizon National (NYSE:FHN)

Receive News & Ratings for First Horizon National Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Horizon National and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Brokerages Expect Aspen Aerogels Inc  Will Post Quarterly Sales of $26.30 Million
Zacks: Brokerages Expect Aspen Aerogels Inc Will Post Quarterly Sales of $26.30 Million
Brokerages Expect Cable One Inc  Will Post Quarterly Sales of $327.09 Million
Brokerages Expect Cable One Inc Will Post Quarterly Sales of $327.09 Million
$12.47 Billion in Sales Expected for HCA Healthcare Inc  This Quarter
$12.47 Billion in Sales Expected for HCA Healthcare Inc This Quarter
Hannon Armstrong Sustnbl Infrstr Cap Inc  Expected to Post Quarterly Sales of $19.78 Million
Hannon Armstrong Sustnbl Infrstr Cap Inc Expected to Post Quarterly Sales of $19.78 Million
$39.56 Million in Sales Expected for Global Blood Therapeutics Inc  This Quarter
$39.56 Million in Sales Expected for Global Blood Therapeutics Inc This Quarter
Zacks: Brokerages Anticipate Home Depot Inc  Will Announce Quarterly Sales of $33.31 Billion
Zacks: Brokerages Anticipate Home Depot Inc Will Announce Quarterly Sales of $33.31 Billion


© 2006-2020 Ticker Report