Vanguard Group Inc. raised its holdings in shares of First Horizon National Corporation (NYSE:FHN) by 2.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,672,261 shares of the financial services provider’s stock after acquiring an additional 435,264 shares during the quarter. Vanguard Group Inc. owned approximately 8.40% of First Horizon National Corporation worth $342,691,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in First Horizon National Corporation by 5,232.8% during the first quarter. BlackRock Inc. now owns 21,381,745 shares of the financial services provider’s stock valued at $395,561,000 after acquiring an additional 20,980,798 shares during the period. State Street Corp raised its holdings in First Horizon National Corporation by 21.4% during the first quarter. State Street Corp now owns 13,353,169 shares of the financial services provider’s stock valued at $247,028,000 after acquiring an additional 2,358,324 shares during the period. JPMorgan Chase & Co. raised its holdings in First Horizon National Corporation by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 6,666,134 shares of the financial services provider’s stock valued at $116,124,000 after acquiring an additional 258,298 shares during the period. Franklin Resources Inc. raised its holdings in First Horizon National Corporation by 6.3% during the second quarter. Franklin Resources Inc. now owns 5,884,000 shares of the financial services provider’s stock valued at $102,499,000 after acquiring an additional 349,900 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in First Horizon National Corporation by 5.1% during the second quarter. Victory Capital Management Inc. now owns 5,307,967 shares of the financial services provider’s stock valued at $92,465,000 after acquiring an additional 257,701 shares during the period. 85.05% of the stock is currently owned by institutional investors and hedge funds.

First Horizon National Corporation (NYSE:FHN) opened at 19.22 on Monday. The company has a 50-day moving average price of $17.73 and a 200 day moving average price of $17.75. First Horizon National Corporation has a 52-week low of $14.60 and a 52-week high of $20.84. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 17.32 and a beta of 1.05.

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

The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a $0.09 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.87%. First Horizon National Corporation’s dividend payout ratio (DPR) is 32.43%.

A number of equities research analysts have commented on the company. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price target on shares of First Horizon National Corporation in a report on Friday, July 7th. BidaskClub raised First Horizon National Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. ValuEngine cut First Horizon National Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. J P Morgan Chase & Co reissued a “buy” rating and set a $20.00 price target on shares of First Horizon National Corporation in a report on Wednesday, September 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $19.50 price target on shares of First Horizon National Corporation in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $19.44.

In other news, CFO William C. Losch III sold 45,107 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $18.63, for a total value of $840,343.41. Following the completion of the sale, the chief financial officer now owns 275,497 shares of the company’s stock, valued at approximately $5,132,509.11. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William C. Losch III sold 3,500 shares of the stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $18.51, for a total transaction of $64,785.00. Following the completion of the sale, the chief financial officer now directly owns 233,890 shares of the company’s stock, valued at approximately $4,329,303.90. The disclosure for this sale can be found here. Corporate insiders own 2.09% of the company’s stock.

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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.

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

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