Quantitative Systematic Strategies LLC boosted its holdings in First Horizon National Corp (NYSE:FHN) by 71.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,471 shares of the financial services provider’s stock after purchasing an additional 41,932 shares during the period. Quantitative Systematic Strategies LLC’s holdings in First Horizon National were worth $1,792,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of FHN. Capital Advantage Inc. bought a new stake in First Horizon National in the second quarter worth $100,000. First Mercantile Trust Co. lifted its stake in First Horizon National by 91.8% in the first quarter. First Mercantile Trust Co. now owns 7,615 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 3,644 shares during the last quarter. Twin Tree Management LP bought a new stake in First Horizon National in the first quarter worth $177,000. Signition LP bought a new stake in First Horizon National in the second quarter worth $180,000. Finally, Hartford Investment Management Co. bought a new stake in First Horizon National in the second quarter worth $187,000. 82.96% of the stock is owned by institutional investors and hedge funds.

In other news, Director Mark A. Emkes acquired 5,000 shares of the stock in a transaction dated Wednesday, July 25th. The stock was purchased at an average cost of $17.68 per share, with a total value of $88,400.00. Following the completion of the purchase, the director now owns 57,996 shares in the company, valued at approximately $1,025,369.28. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman D Bryan Jordan acquired 25,000 shares of the stock in a transaction dated Tuesday, July 31st. The shares were purchased at an average cost of $17.76 per share, with a total value of $444,000.00. Following the completion of the purchase, the chairman now owns 611,832 shares of the company’s stock, valued at approximately $10,866,136.32. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 130,000 shares of company stock valued at $2,352,400. Insiders own 1.75% of the company’s stock.

Several analysts have weighed in on the stock. ValuEngine raised shares of First Horizon National from a “sell” rating to a “hold” rating in a research note on Friday. Barclays lowered their price target on shares of First Horizon National from $23.00 to $21.00 and set a “$17.03” rating for the company in a research note on Wednesday, July 18th. SunTrust Banks lowered their price target on shares of First Horizon National to $20.00 and set a “$17.03” rating for the company in a research note on Wednesday, July 18th. Keefe, Bruyette & Woods lowered their price objective on shares of First Horizon National from $23.00 to $22.00 and set a “$17.03” rating for the company in a research note on Wednesday, July 18th. Finally, Stephens reaffirmed a “$17.03” rating and set a $18.50 price objective on shares of First Horizon National in a research note on Wednesday, July 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $20.83.

Shares of NYSE:FHN opened at $18.44 on Friday. The stock has a market cap of $5.92 billion, a PE ratio of 16.61, a PEG ratio of 1.82 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. First Horizon National Corp has a 12 month low of $15.84 and a 12 month high of $20.86.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 6th. First Horizon National’s dividend payout ratio (DPR) is 43.24%.

About First Horizon National

First Horizon National Corporation operates as the bank holding company for First Tennessee Bank National Association that provides various financial services. It operates through four segments: Regional Banking, Fixed Income, Corporate, and Non-Strategic. The company offers general banking services for consumers, businesses, financial institutions, and governments.

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

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