Marshall Wace North America L.P. raised its position in shares of First Horizon National Corporation (NYSE:FHN) by 136.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 557,746 shares of the financial services provider’s stock after buying an additional 322,111 shares during the period. Marshall Wace North America L.P. owned about 0.24% of First Horizon National Corporation worth $9,482,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of FHN. Teachers Advisors LLC increased its stake in First Horizon National Corporation by 4.9% in the fourth quarter. Teachers Advisors LLC now owns 223,563 shares of the financial services provider’s stock worth $4,473,000 after buying an additional 10,376 shares during the period. Bank of Montreal Can boosted its position in shares of First Horizon National Corporation by 93.3% in the first quarter. Bank of Montreal Can now owns 114,938 shares of the financial services provider’s stock valued at $2,127,000 after buying an additional 55,470 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of First Horizon National Corporation by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 59,000 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 1,300 shares in the last quarter. Oakbrook Investments LLC purchased a new position in shares of First Horizon National Corporation during the first quarter valued at about $191,000. Finally, Nationwide Fund Advisors boosted its position in shares of First Horizon National Corporation by 6.2% in the first quarter. Nationwide Fund Advisors now owns 413,151 shares of the financial services provider’s stock valued at $7,643,000 after buying an additional 24,172 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.

First Horizon National Corporation (FHN) opened at 17.37 on Friday. First Horizon National Corporation has a 12-month low of $14.60 and a 12-month high of $20.84. The firm has a market capitalization of $4.07 billion, a PE ratio of 15.65 and a beta of 1.06. The stock has a 50 day moving average price of $17.49 and a 200-day moving average price of $18.15.

First Horizon National Corporation (NYSE:FHN) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. First Horizon National Corporation had a net margin of 19.13% and a return on equity of 9.10%. The company had revenue of $328.37 million during the quarter, compared to analyst estimates of $331.27 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 2.0% on a year-over-year basis. On average, equities research analysts forecast that First Horizon National Corporation will post $1.10 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 7th. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

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Several equities analysts recently issued reports on the company. UBS AG raised First Horizon National Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $21.00 price objective on shares of First Horizon National Corporation in a report on Monday, June 12th. Deutsche Bank AG reaffirmed a “hold” rating on shares of First Horizon National Corporation in a report on Monday, July 3rd. Zacks Investment Research raised First Horizon National Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Hovde Group reduced their price objective on First Horizon National Corporation from $20.50 to $20.00 and set a “market perform” rating for the company in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. First Horizon National Corporation has a consensus rating of “Hold” and a consensus price target of $19.57.

In other news, Director Vicki R. Palmer sold 5,211 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $17.65, for a total value of $91,974.15. Following the completion of the transaction, the director now owns 57,818 shares of the company’s stock, valued at approximately $1,020,487.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.09% of the stock is owned by insiders.

First Horizon National Corporation Company Profile

First Horizon National Corporation (FHN) is a bank holding company. The Company provides financial services through its subsidiary, First Tennessee Bank National Association (the Bank). The Company has four segments: regional banking, fixed income, corporate and non-strategic. The Company’s regional banking segment offers financial products and services, including traditional lending and deposit taking, to retail and commercial customers in Tennessee and other selected markets.

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

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