Bank of New York Mellon Corp Sells 977,154 Shares of First Horizon Corporation $FHN

Posted by George Bondi on Jun 4th, 2026

Bank of New York Mellon Corp trimmed its stake in First Horizon Corporation (NYSE:FHN – Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,464,036 shares of the financial services provider’s stock after selling 977,154 shares during the period. Bank of New York Mellon Corp owned approximately 0.06% of First Horizon worth $751,990,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of FHN. Goldman Sachs Group Inc. increased its position in shares of First Horizon by 102.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,709,434 shares of the financial services provider’s stock worth $33,197,000 after purchasing an additional 865,109 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of First Horizon by 156.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,794 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,095 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of First Horizon by 88.1% in the second quarter. EverSource Wealth Advisors LLC now owns 8,189 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 3,835 shares during the last quarter. Federated Hermes Inc. increased its position in shares of First Horizon by 9.1% in the second quarter. Federated Hermes Inc. now owns 54,125 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 4,507 shares during the last quarter. Finally, Cerity Partners LLC increased its position in shares of First Horizon by 20.8% in the second quarter. Cerity Partners LLC now owns 152,878 shares of the financial services provider’s stock worth $3,241,000 after purchasing an additional 26,323 shares during the last quarter. 80.28% of the stock is currently owned by institutional investors.

First Horizon Stock Down 1.4%

Shares of First Horizon stock opened at $23.67 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.96 and a current ratio of 0.96. First Horizon Corporation has a 52-week low of $19.03 and a 52-week high of $26.56. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 11.83, a P/E/G ratio of 0.94 and a beta of 0.60. The company’s 50 day moving average price is $23.92 and its 200-day moving average price is $23.76.

First Horizon (NYSE:FHN – Get Free Report) last issued its earnings results on Wednesday, April 15th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $869.49 million. During the same quarter last year, the business earned $0.42 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Equities research analysts forecast that First Horizon Corporation will post 2.16 EPS for the current 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 issued a $0.17 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.68 annualized dividend and a dividend yield of 2.9%. First Horizon’s dividend payout ratio (DPR) is currently 34.00%.

Analysts Set New Price Targets

FHN has been the topic of a number of recent research reports. Zacks Research cut shares of First Horizon from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Barclays decreased their price target on shares of First Horizon from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 7th. JPMorgan Chase & Co. decreased their price target on shares of First Horizon from $28.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings raised shares of First Horizon from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen raised shares of First Horizon from a “sell” rating to a “hold” rating in a research note on Tuesday. Nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.45.

Get 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.