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Vanguard Group Inc. Has $1.14 Billion Stake in First Horizon Corporation $FHN
Vanguard Group Inc. recently trimmed its stake in First Horizon Corporation (FHN) by 0.6%, still holding 50.49 million shares valued at $1.14 billion, representing 9.94% ownership. First Horizon has authorized a $1.2 billion share repurchase program and increased its quarterly dividend to $0.17 per share. The company exceeded analyst expectations last quarter with $0.52 EPS and $892 million in revenue, leading to a “Moderate Buy” consensus rating and an average target price of $26.63.