<div id="readability-page-1"><p>Bank of New York Mellon Corp cut its holdings in shares of  First Horizon Corporation (NYSE:FHN - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The fund owned 31,464,036 shares of the financial services provider's stock after selling 977,154 shares during the quarter. Bank of New York Mellon Corp owned approximately 6.39% of First Horizon worth $751,990,000 as of its most recent filing with the Securities &amp; Exchange Commission.</p><div><p><span></span><span>Get <strong>First Horizon</strong> alerts:</span></p></div><ul><li>Banking and trucking: Is the economy rolling toward troubles?</li></ul><p>Several other institutional investors have also added to or reduced their stakes in FHN. Goldman Sachs Group Inc. lifted its holdings in  First Horizon by 102.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,709,434 shares of the financial services provider's stock valued at $33,197,000 after purchasing an additional 865,109 shares during the last quarter.  Geneos Wealth Management Inc. lifted its holdings in  First Horizon by 156.7% during the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 1,095 shares during the last quarter.  EverSource Wealth Advisors LLC lifted its holdings in  First Horizon by 88.1% during the second quarter. EverSource Wealth Advisors LLC now owns 8,189 shares of the financial services provider's stock valued at $174,000 after purchasing an additional 3,835 shares during the last quarter.  Federated Hermes Inc. lifted its holdings in  First Horizon by 9.1% during the second quarter. Federated Hermes Inc. now owns 54,125 shares of the financial services provider's stock valued at $1,147,000 after purchasing an additional 4,507 shares during the last quarter.  Finally, Cerity Partners LLC lifted its holdings in  First Horizon by 20.8% during the second quarter. Cerity Partners LLC now owns 152,878 shares of the financial services provider's stock valued at $3,241,000 after purchasing an additional 26,323 shares during the last quarter. 80.28% of the stock is owned by hedge funds and other institutional investors. </p><h2>First Horizon Trading Down 1.4%</h2><p>Shares of First Horizon stock opened at $23.67 on Thursday. First Horizon Corporation has a 12-month low of $19.03 and a 12-month high of $26.56. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 11.83, a PEG ratio of 0.94 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. The company's 50-day moving average price is $23.92 and its 200-day moving average price is $23.76. </p><ul><li>PacWest, First Horizon Shares Plummet On Continued Bank Worries</li></ul><p>First Horizon (NYSE:FHN - Get Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.04. First Horizon had a net margin of 20.54% and a return on equity of 11.65%. The firm had revenue of $865.00 million for the quarter, compared to the consensus estimate of $869.49 million. During the same period in the prior year, the firm posted $0.42 earnings per share. The company's revenue for the quarter was up 6.2% on a year-over-year basis.  On average, equities analysts expect that  First Horizon Corporation will post 2.16 earnings per share for the current fiscal year. </p><h2>First Horizon Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, June 12th. First Horizon's dividend payout ratio  is 34.00%. </p><h2>Wall Street Analyst Weigh In</h2><p>Several equities research analysts have commented on the stock. Citigroup upped their price objective on shares of First Horizon from $28.00 to $28.50 and gave the company a &#34;buy&#34; rating in a report on Tuesday, February 24th. Wall Street Zen raised shares of First Horizon from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Tuesday. Keefe, Bruyette &amp; Woods increased their price target on shares of First Horizon from $25.00 to $26.00 and gave the stock a &#34;market perform&#34; rating in a report on Thursday, April 16th. Zacks Research downgraded shares of First Horizon from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Friday, March 20th. Finally, Autonomous Res downgraded shares of First Horizon from a &#34;strong-buy&#34; rating to a &#34;strong sell&#34; rating in a report on Wednesday, April 29th. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to data from MarketBeat.com, the stock  has a consensus rating of &#34;Hold&#34; and an average target price of $26.45.</p><p><b>View Our Latest Report on FHN</b></p><h2>About First Horizon</h2> (Free Report)<p>First Horizon Corporation, headquartered in Memphis, Tennessee, is a diversified financial services company providing an array of retail, commercial and wealth management solutions. As the largest bank-based financial services firm in Tennessee, First Horizon operates through a network of branches and digital platforms across the Southeastern United States, offering personal and business banking, mortgage origination and servicing, payment solutions and treasury management services.  </p><p>Tracing its origins to the First National Bank of Memphis established in 1864, First Horizon has grown through strategic acquisitions and organic expansion to serve customers in Tennessee, Texas, North Carolina, South Carolina, Georgia and Florida.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than First Horizon</li><li>Coke's $10B India IPO Plan Pops the Top on Hidden Value</li><li>FedEx Unboxes Billions in Post-Spinoff Value</li><li>Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow</li><li>Palo Alto Networks Accelerates Growth 31% on AI Demand</li></ul><p><strong>Want to see what other hedge funds are holding FHN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Horizon Corporation (NYSE:FHN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZITg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUZITg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in First Horizon Right Now?</h2><p>Before you consider First Horizon, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Horizon wasn't on the list.</p><p>While First Horizon currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Bank of New York Mellon Corp reduced its stake in First Horizon Corporation by 3.0% in Q4, holding 31.46 million shares valued at $752 million. While BNY Mellon sold shares, other institutions like Goldman Sachs and Geneos Wealth Management increased their positions. First Horizon recently reported quarterly EPS of $0.53, beating estimates, and announced a $0.17 quarterly dividend. Analyst ratings vary, with Citigroup upgrading to 'buy' while others downgraded to 'hold' or 'strong sell'.</p>

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Bank of New York Mellon Corp Reduces Position in First Horizon Corporation $FHN