First Horizon Ownership
| FHN Stock | USD 21.42 0.49 2.34% |
Shares in Circulation | First Issued 2009-03-31 | Previous Quarter 547 M | Current Value 538 M | Avarage Shares Outstanding 337.1 M | Quarterly Volatility 134.7 M |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
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First Stock Ownership Analysis
About 83.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 1.29. Some equities with similar Price to Book (P/B) outperform the market in the long run. First Horizon National has Price/Earnings To Growth (PEG) ratio of 1.67. The entity last dividend was issued on the 13th of December 2024. The firm had 10159:1000 split on the 9th of September 2009. First Horizon Corporation operates as the bank holding company for First Horizon Bank that provides various financial services. First Horizon Corporation was founded in 1864 and is headquartered in Memphis, Tennessee. First Horizon operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 7500 people. To learn more about First Horizon National call David Jordan at 901 523 4444 or check out https://www.firsthorizon.com.Besides selling stocks to institutional investors, First Horizon also allocates a substantial amount of its earnings to a pull of share-based compensation to be paid out to its employees, managers, executives, and members of the board of directors. Share-Based compensation (also sometimes called Stock-Based Compensation) is a way of paying different First Horizon's stakeholders with equity in the business. It is typically used as a motivation factor for employees to contribute beyond their regular compensation (salary and bonus). It is also used as a tool to align First Horizon's strategic interests with those of the company's shareholders. Shares issued to employees are usually subject to a vesting period before they are earned and sold.
First Horizon Quarterly Liabilities And Stockholders Equity |
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First Horizon Insider Trades History
Less than 1% of First Horizon National are currently held by insiders. Unlike First Horizon's institutional investors, corporate insiders most likely have a limit on the maximum percentage of share ownership. This is done to align insiders' influence against First Horizon's private investors even though both sides will benefit from rising prices or experience loss when the share price declines. The good rule to have in mind is that the maximum share ownership percentage of the corporate insiders should not surpass 25%. View all of First Horizon's insider trades
First Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as First Horizon is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading First Horizon National backward and forwards among themselves. First Horizon's institutional investor refers to the entity that pools money to purchase First Horizon's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Norges Bank | 2024-06-30 | 6.6 M | Azora Capital Lp | 2024-09-30 | 5.6 M | Fmr Inc | 2024-09-30 | 5.6 M | Aqr Capital Management Llc | 2024-06-30 | 5 M | Oz Management Llc | 2024-09-30 | 5 M | Citadel Advisors Llc | 2024-09-30 | 5 M | Wellington Management Company Llp | 2024-06-30 | 4.9 M | Amvescap Plc. | 2024-06-30 | 4.7 M | Scout Investment Advisors Inc | 2024-06-30 | 4.4 M | Blackrock Inc | 2024-06-30 | 61.9 M | Vanguard Group Inc | 2024-09-30 | 55.1 M |
First Horizon National Insider Trading Activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific First Horizon insiders, such as employees or executives, is commonly permitted as long as it does not rely on First Horizon's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases First Horizon insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Harry Barton over a week ago Disposition of 400 shares by Harry Barton of First Horizon at 19.925 subject to Rule 16b-3 | ||
Tanya Hart over three weeks ago Insider Trading | ||
Jordan D Bryan over three months ago Disposition of 50000 shares by Jordan D Bryan of First Horizon subject to Rule 16b-3 | ||
Susan Springfield over three months ago Acquisition by Susan Springfield of 54429 shares of First Horizon subject to Rule 16b-3 | ||
Tammy LoCascio over six months ago Disposition of 20487 shares by Tammy LoCascio of First Horizon at 15.79 subject to Rule 16b-3 | ||
Harry Barton over six months ago Acquisition by Harry Barton of 9414 shares of First Horizon subject to Rule 16b-3 | ||
Luke Yancy over a year ago Acquisition by Luke Yancy of 3457 shares of First Horizon subject to Rule 16b-3 |
First Horizon's latest congressional trading
Congressional trading in companies like First Horizon National, is subject to rigorous scrutiny to prevent conflicts of interest and insider trading. This is governed by multiple SEC regulations which were established to foster transparency and deter members of Congress from leveraging non-public information for personal gain. This oversight helps maintain public trust and ensures that investments in First Horizon by those in governmental positions are based on the same information available to the general public.
| 2024-11-12 | Senator John Fetterman | Acquired Under $15K | Verify | ||
| 2023-06-26 | Representative Steve Cohen | Acquired $15K to $50K | Verify | ||
| 2022-08-02 | Representative Steve Cohen | Acquired $15K to $50K | Verify |
First Horizon Outstanding Bonds
First Horizon issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. First Horizon National uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most First bonds can be classified according to their maturity, which is the date when First Horizon National has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
First Horizon Corporate Filings
F4 | 13th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 8th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
F3 | 30th of October 2024 The report used by insiders such as officers, directors, and major shareholders (beneficial owners holding more than 10% of any class of the company's equity securities) to declare their ownership of a company's stock | ViewVerify |
| 29th of October 2024 Other Reports | ViewVerify |
Pair Trading with First Horizon
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Horizon position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Horizon will appreciate offsetting losses from the drop in the long position's value.Moving together with First Stock
| 0.94 | AX | Axos Financial | PairCorr |
| 0.92 | BY | Byline Bancorp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.96 | PB | Prosperity Bancshares Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against First Stock
| 0.61 | TFC-PO | Truist Financial | PairCorr |
| 0.59 | CFG-PE | Citizens Financial | PairCorr |
| 0.58 | TFC-PR | Truist Financial | PairCorr |
| 0.43 | WF | Woori Financial Group | PairCorr |
The ability to find closely correlated positions to First Horizon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Horizon when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Horizon - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Horizon National to buy it.
The correlation of First Horizon is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Horizon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Horizon National moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Horizon can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Horizon National. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Horizon. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Horizon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.734 | Dividend Share 0.6 | Earnings Share 1.37 | Revenue Per Share 5.604 | Quarterly Revenue Growth 0.186 |
The market value of First Horizon National is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Horizon's value that differs from its market value or its book value, called intrinsic value, which is First Horizon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Horizon's market value can be influenced by many factors that don't directly affect First Horizon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Horizon's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Horizon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Horizon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.