Global Retirement Partners LLC Buys Shares of 21,808 First Horizon Corporation $FHN

Posted by Francis Steltz on Aug 20th, 2026

Global Retirement Partners LLC purchased a new position in First Horizon Corporation (NYSE:FHN – Free Report) in the second quarter, Holdings Channel reports. The fund purchased 21,808 shares of the financial services provider’s stock, valued at approximately $559,000.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp bought a new position in shares of First Horizon in the 2nd quarter valued at approximately $747,445,000. Focus Partners Advisor Solutions LLC bought a new stake in First Horizon during the second quarter worth approximately $1,616,000. Summit Asset Management LLC bought a new stake in First Horizon during the second quarter worth approximately $398,000. GSA Capital Partners LLP acquired a new position in First Horizon during the second quarter valued at approximately $273,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in First Horizon during the second quarter valued at approximately $4,858,000. Institutional investors and hedge funds own 80.28% of the company’s stock.

First Horizon Trading Down 3.7%

Shares of First Horizon stock opened at $24.87 on Thursday. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.02 and a beta of 0.61. First Horizon Corporation has a 1 year low of $19.80 and a 1 year high of $26.56. The company’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $24.50. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.15.

First Horizon (NYSE:FHN – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $887.00 million during the quarter, compared to the consensus estimate of $878.42 million. First Horizon had a net margin of 21.12% and a return on equity of 12.06%. During the same period in the prior year, the firm earned $0.45 EPS. As a group, sell-side analysts expect that First Horizon Corporation will post 2.15 EPS for the current year.

First Horizon Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, September 11th. First Horizon’s dividend payout ratio (DPR) is presently 32.54%.

Analyst Ratings Changes

FHN has been the subject of a number of analyst reports. Raymond James Financial boosted their price objective on shares of First Horizon from $26.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. National Bank Financial set a $29.00 target price on shares of First Horizon in a report on Thursday, July 16th. JPMorgan Chase & Co. cut their target price on shares of First Horizon from $28.50 to $27.00 and set a “neutral” rating for the company in a research report on Thursday, July 16th. Truist Financial upped their price target on shares of First Horizon from $26.00 to $27.00 and gave the company a “hold” rating in a report on Friday, July 10th. Finally, Fundamental Research set a $28.50 price target on First Horizon in a research report on Wednesday, July 1st. Nine equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.26.

View Our Latest Research 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.