Engineers Gate Manager LP Has $20.69 Million Stake in First Horizon Corporation $FHN

Posted by Brenda Bartman on Jun 18th, 2026

Engineers Gate Manager LP raised its position in First Horizon Corporation (NYSE:FHN – Free Report) by 266.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 865,616 shares of the financial services provider’s stock after purchasing an additional 629,514 shares during the period. Engineers Gate Manager LP’s holdings in First Horizon were worth $20,688,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of First Horizon by 8.5% in the 3rd quarter. Invesco Ltd. now owns 7,606,808 shares of the financial services provider’s stock worth $171,990,000 after purchasing an additional 595,869 shares during the period. Norges Bank acquired a new position in shares of First Horizon in the 4th quarter worth approximately $153,942,000. William Blair Investment Management LLC lifted its position in shares of First Horizon by 2.2% in the 4th quarter. William Blair Investment Management LLC now owns 5,336,021 shares of the financial services provider’s stock worth $127,531,000 after purchasing an additional 116,191 shares during the period. Morgan Stanley lifted its position in shares of First Horizon by 10.4% in the 4th quarter. Morgan Stanley now owns 5,212,543 shares of the financial services provider’s stock worth $124,580,000 after purchasing an additional 491,464 shares during the period. Finally, Freestone Grove Partners LP lifted its position in shares of First Horizon by 25.3% in the 3rd quarter. Freestone Grove Partners LP now owns 4,788,438 shares of the financial services provider’s stock worth $108,267,000 after purchasing an additional 967,219 shares during the period. Institutional investors and hedge funds own 80.28% of the company’s stock.

First Horizon Price Performance

FHN stock opened at $24.67 on Thursday. The stock has a market capitalization of $11.71 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 0.97 and a beta of 0.60. The company’s 50-day moving average is $24.30 and its 200-day moving average is $23.98. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.96. First Horizon Corporation has a 1 year low of $19.18 and a 1 year high of $26.56.

First Horizon (NYSE:FHN – Get Free Report) last released its quarterly earnings data 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. The company had revenue of $865.00 million for the quarter, compared to analysts’ expectations of $869.49 million. First Horizon had a net margin of 20.54% and a return on equity of 11.65%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. Equities research analysts expect that First Horizon Corporation will post 2.16 EPS for the current fiscal year.

First Horizon Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis 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 Analysts Forecast Growth

A number of brokerages have recently issued reports on FHN. Zacks Research downgraded shares of First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Weiss Ratings upgraded First Horizon from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 8th. Citigroup increased their price target on First Horizon from $28.00 to $28.50 and gave the stock a “buy” rating in a report on Tuesday, February 24th. DA Davidson restated a “neutral” rating and set a $26.00 price target on shares of First Horizon in a report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods increased their price target on First Horizon from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, April 16th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $26.45.

Check Out Our Latest Report on FHN

First Horizon 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.