LMR Partners LLP Invests $2.10 Million in First Horizon National Corporation (FHN)

LMR Partners LLP acquired a new position in First Horizon National Corporation (NYSE:FHN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 120,269 shares of the financial services provider’s stock, valued at approximately $2,095,000. LMR Partners LLP owned about 0.05% of First Horizon National Corporation at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Neuburgh Advisers LLC increased its position in shares of First Horizon National Corporation by 16.1% in the first quarter. Neuburgh Advisers LLC now owns 7,392 shares of the financial services provider’s stock worth $137,000 after buying an additional 1,024 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in shares of First Horizon National Corporation by 16.1% in the first quarter. Glen Harbor Capital Management LLC now owns 10,164 shares of the financial services provider’s stock worth $188,000 after buying an additional 1,408 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of First Horizon National Corporation during the first quarter worth approximately $189,000. Oakbrook Investments LLC bought a new position in shares of First Horizon National Corporation during the first quarter worth approximately $191,000. Finally, Greenwood Capital Associates LLC bought a new position in shares of First Horizon National Corporation during the first quarter worth approximately $192,000. 84.71% of the stock is owned by institutional investors and hedge funds.

Shares of First Horizon National Corporation (NYSE:FHN) opened at 17.55 on Wednesday. First Horizon National Corporation has a 1-year low of $14.60 and a 1-year high of $20.84. The stock has a market cap of $4.11 billion, a PE ratio of 15.81 and a beta of 1.06. The company’s 50-day moving average price is $17.57 and its 200 day moving average price is $18.29.

First Horizon National Corporation (NYSE:FHN) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. First Horizon National Corporation had a return on equity of 9.10% and a net margin of 19.13%. The firm had revenue of $328.37 million during the quarter, compared to analyst estimates of $331.27 million. During the same quarter last year, the firm earned $0.24 EPS. First Horizon National Corporation’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that First Horizon National Corporation will post $1.10 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.36 dividend on an annualized basis and a yield of 2.05%. First Horizon National Corporation’s dividend payout ratio (DPR) is presently 32.43%.

WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.com-unik.info/2017/08/16/lmr-partners-llp-invests-2-10-million-in-first-horizon-national-corporation-fhn.html.

A number of equities analysts have recently commented on FHN shares. ValuEngine raised First Horizon National Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $21.00 price objective on shares of First Horizon National Corporation in a research report on Monday, June 12th. Barclays PLC lowered their price objective on First Horizon National Corporation from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price objective on shares of First Horizon National Corporation in a research report on Friday, July 7th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of First Horizon National Corporation in a research report on Monday, July 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. First Horizon National Corporation presently has an average rating of “Hold” and an average target price of $19.57.

In other First Horizon National Corporation news, Director Vicki R. Palmer sold 5,211 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $17.65, for a total transaction of $91,974.15. Following the completion of the sale, the director now owns 57,818 shares in the company, valued at approximately $1,020,487.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.09% of the stock is owned by company insiders.

First Horizon National Corporation Company Profile

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

Want to see what other hedge funds are holding FHN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Horizon National Corporation (NYSE:FHN).

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

What are top analysts saying about First Horizon National Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for First Horizon National Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit