First Horizon Co. (NYSE:FHN) Shares Purchased by Aquila Investment Management LLC

Aquila Investment Management LLC grew its holdings in shares of First Horizon Co. (NYSE:FHN) by 28.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,000 shares of the financial services provider’s stock after purchasing an additional 20,000 shares during the period. First Horizon makes up about 1.6% of Aquila Investment Management LLC’s holdings, making the stock its 26th biggest position. Aquila Investment Management LLC’s holdings in First Horizon were worth $1,398,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of First Horizon by 2.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,453,280 shares of the financial services provider’s stock worth $20,578,000 after purchasing an additional 38,455 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in First Horizon by 10.3% in the first quarter. Gateway Investment Advisers LLC now owns 73,319 shares of the financial services provider’s stock valued at $1,129,000 after buying an additional 6,876 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in First Horizon by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 106,112 shares of the financial services provider’s stock valued at $1,634,000 after buying an additional 2,029 shares in the last quarter. Register Financial Advisors LLC acquired a new stake in shares of First Horizon during the 1st quarter valued at approximately $85,000. Finally, Oak Thistle LLC purchased a new stake in shares of First Horizon during the 1st quarter worth approximately $701,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on FHN shares. Royal Bank of Canada lifted their price objective on First Horizon from $19.00 to $20.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $18.00 price objective on shares of First Horizon in a research note on Wednesday, July 17th. Stephens lifted their target price on shares of First Horizon from $18.00 to $20.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. StockNews.com upgraded shares of First Horizon from a “sell” rating to a “hold” rating in a research report on Saturday, July 20th. Finally, JPMorgan Chase & Co. cut their price objective on First Horizon from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.77.

First Horizon Stock Up 1.3 %

Shares of NYSE:FHN opened at $17.35 on Wednesday. First Horizon Co. has a 1-year low of $10.16 and a 1-year high of $17.68. The company’s fifty day moving average is $15.92 and its two-hundred day moving average is $15.60. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $9.49 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.27 and a beta of 0.88.

First Horizon (NYSE:FHN) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. First Horizon had a net margin of 14.03% and a return on equity of 8.84%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $821.63 million. During the same period in the previous year, the firm earned $0.27 EPS. Equities analysts anticipate that First Horizon Co. will post 1.46 EPS for the current year.

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.