Burney Co. Makes New $4.10 Million Investment in First Horizon Corporation $FHN

Posted by Brian Himes on Jul 8th, 2026

Burney Co. acquired a new position in shares of First Horizon Corporation (NYSE:FHN – Free Report) in the 1st quarter, Holdings Channel reports. The fund acquired 179,953 shares of the financial services provider’s stock, valued at approximately $4,096,000.

A number of other large investors have also recently made changes to their positions in the stock. Kestra Investment Management LLC increased its position in shares of First Horizon by 873.1% in the 2nd quarter. Kestra Investment Management LLC now owns 1,625 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 1,458 shares during the period. Geneos Wealth Management Inc. lifted its position in First Horizon by 156.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 1,095 shares during the period. Cary Street Partners Investment Advisory LLC lifted its position in First Horizon by 1,348.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 2,013 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,874 shares during the period. Los Angeles Capital Management LLC purchased a new stake in First Horizon during the 4th quarter valued at about $51,000. Finally, Triumph Capital Management acquired a new position in shares of First Horizon in the third quarter valued at about $77,000. 80.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Raymond James Financial raised their price objective on First Horizon from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Keefe, Bruyette & Woods increased their price target on shares of First Horizon from $25.00 to $26.00 and gave the stock a “market perform” rating in a report on Thursday, April 16th. JPMorgan Chase & Co. raised their price target on shares of First Horizon from $26.00 to $28.50 and gave the stock a “neutral” rating in a research report on Wednesday, July 1st. Zacks Research cut shares of First Horizon from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Barclays dropped their price objective on shares of First Horizon from $30.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $27.12.

Get Our Latest Analysis on First Horizon

First Horizon Trading Down 0.3%

Shares of NYSE:FHN opened at $25.77 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15. First Horizon Corporation has a 12-month low of $19.80 and a 12-month high of $26.56. The business has a 50 day moving average of $24.63 and a two-hundred day moving average of $24.21. The company has a market capitalization of $12.23 billion, a PE ratio of 12.89, a PEG ratio of 1.01 and a beta of 0.60.

First Horizon (NYSE:FHN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. The business 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 last year, the company earned $0.42 EPS. As a group, analysts forecast that First Horizon Corporation will post 2.16 EPS for the current year.

First Horizon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. First Horizon’s payout ratio is presently 34.00%.

About First Horizon

(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.