Amundi Sells 1,992,652 Shares of First Horizon Corporation $FHN

08 Sep 2025, 10:54 by Tristan Rich · The Markets Daily

Amundi trimmed its stake in First Horizon Corporation (NYSE:FHN – Free Report) by 53.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,741,179 shares of the financial services provider’s stock after selling 1,992,652 shares during the quarter. Amundi’s holdings in First Horizon were worth $33,814,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC raised its stake in shares of First Horizon by 115.3% during the 1st quarter. Byrne Asset Management LLC now owns 1,550 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 830 shares in the last quarter. Quarry LP raised its stake in shares of First Horizon by 129.2% during the 1st quarter. Quarry LP now owns 2,205 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 1,243 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of First Horizon by 53,160.0% during the 1st quarter. Golden State Wealth Management LLC now owns 2,663 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 2,658 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of First Horizon by 137.5% during the 1st quarter. Versant Capital Management Inc now owns 3,411 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,975 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of First Horizon during the 1st quarter worth approximately $73,000. Institutional investors and hedge funds own 80.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FHN shares. Wall Street Zen cut First Horizon from a “hold” rating to a “sell” rating in a research note on Saturday, August 23rd. Raymond James Financial reiterated an “outperform” rating and set a $24.00 price objective (up previously from $20.00) on shares of First Horizon in a research note on Tuesday, July 8th. JPMorgan Chase & Co. boosted their target price on First Horizon from $19.50 to $22.50 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $24.00 target price (up from $22.00) on shares of First Horizon in a report on Monday, June 9th. Finally, Citigroup boosted their target price on First Horizon from $25.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, First Horizon has an average rating of “Moderate Buy” and an average target price of $23.34.

Get Our Latest Report on First Horizon

Insiders Place Their Bets

In other First Horizon news, EVP David T. Popwell sold 100,000 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $22.50, for a total value of $2,250,000.00. Following the transaction, the executive vice president directly owned 462,581 shares of the company’s stock, valued at $10,408,072.50. This represents a 17.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Tammy Locascio sold 10,285 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $22.25, for a total value of $228,841.25. Following the sale, the chief operating officer directly owned 342,051 shares in the company, valued at approximately $7,610,634.75. This trade represents a 2.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 148,295 shares of company stock worth $3,322,663. Insiders own 1.04% of the company’s stock.

First Horizon Stock Performance

Shares of NYSE FHN opened at $22.24 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.96 and a quick ratio of 0.95. The stock’s fifty day moving average price is $22.04 and its two-hundred day moving average price is $20.16. First Horizon Corporation has a one year low of $14.82 and a one year high of $23.00. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.05 and a beta of 0.67.

First Horizon (NYSE:FHN – Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. First Horizon had a return on equity of 10.55% and a net margin of 17.10%.The firm had revenue of $830.19 million for the quarter, compared to analyst estimates of $832.95 million. During the same period in the prior year, the firm posted $0.36 EPS. On average, equities analysts forecast that First Horizon Corporation will post 1.67 EPS for the current year.

First Horizon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, September 12th. First Horizon’s dividend payout ratio is currently 38.71%.

First Horizon Company Profile

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