First Horizon Corporation $FHN Shares Sold by Geode Capital Management LLC

Posted by on Jun 3rd, 2026

Geode Capital Management LLC decreased its position in shares of First Horizon Corporation (NYSE:FHN – Free Report) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,081,283 shares of the financial services provider’s stock after selling 45,229 shares during the quarter. Geode Capital Management LLC’s holdings in First Horizon were worth $217,088,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FHN. Artemis Investment Management LLP acquired a new stake in shares of First Horizon during the fourth quarter worth about $90,319,000. Jupiter Asset Management Ltd. purchased a new stake in First Horizon in the 3rd quarter worth approximately $49,180,000. Barclays PLC boosted its position in First Horizon by 370.5% in the 3rd quarter. Barclays PLC now owns 2,216,410 shares of the financial services provider’s stock worth $50,113,000 after purchasing an additional 1,745,296 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in First Horizon by 419.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,989,925 shares of the financial services provider’s stock worth $44,992,000 after purchasing an additional 1,607,028 shares in the last quarter. Finally, William Blair Investment Management LLC boosted its position in First Horizon by 38.7% in the 3rd quarter. William Blair Investment Management LLC now owns 5,219,830 shares of the financial services provider’s stock worth $118,020,000 after purchasing an additional 1,456,820 shares in the last quarter. Institutional investors and hedge funds own 80.28% of the company’s stock.

First Horizon Trading Up 1.6%

Shares of FHN stock opened at $24.00 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market cap of $11.39 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 0.92 and a beta of 0.60. The stock has a 50 day simple moving average of $23.85 and a 200-day simple moving average of $23.73. First Horizon Corporation has a 1-year low of $19.03 and a 1-year high of $26.56.

First Horizon (NYSE:FHN – Get Free Report) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.04. The business had revenue of $865.00 million during the quarter, compared to the consensus estimate of $869.49 million. First Horizon had a return on equity of 11.65% and a net margin of 20.54%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.42 EPS. On average, equities research analysts expect that First Horizon Corporation will post 2.16 EPS for the current fiscal year.

First Horizon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, June 12th. First Horizon’s dividend payout ratio is presently 34.00%.

Wall Street Analyst Weigh In

Several research firms have commented on FHN. Citigroup upped their price objective on First Horizon from $28.00 to $28.50 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. JPMorgan Chase & Co. lowered their price objective on First Horizon from $28.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Zacks Research lowered First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. UBS Group lowered First Horizon from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $29.00 to $25.00 in a research report on Tuesday, April 7th. Finally, Wall Street Zen upgraded First Horizon from a “sell” rating to a “hold” rating in a research report on Tuesday. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, First Horizon presently has an average rating of “Hold” and an average price target of $26.45.

Get Our Latest Analysis on FHN

First Horizon Company Profile

(Free Report)

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.

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.

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

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