Analysts at KBW Reiterate their Buy rating for First Horizon (FHN) with $23.0000 Price Target; Guggenheim Credit Allocation Fund (GGM)’s Sentiment Is 0.64

First Horizon National Corporation (NYSE:FHN) Logo

Guggenheim Credit Allocation Fund (GGM) investors sentiment decreased to 0.64 in Q4 2017. It’s down -0.56, from 1.2 in 2017Q3. The ratio turned negative, as 9 institutional investors started new or increased equity positions, while 14 sold and reduced their stock positions in Guggenheim Credit Allocation Fund. The institutional investors in our database reported: 518,693 shares, up from 508,551 shares in 2017Q3. Also, the number of institutional investors holding Guggenheim Credit Allocation Fund in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 11 Increased: 4 New Position: 5.

In an analyst report issued to clients on Friday, 13 April, First Horizon (NYSE:FHN) stock had its Buy Rating reiterated by analysts at KBW. They currently have a $23.0000 target on company. KBW’s target indicates a potential upside of 22.34% from the company’s previous close.

Shaker Financial Services Llc holds 0.36% of its portfolio in Guggenheim Credit Allocation Fund for 34,659 shares. Clough Capital Partners L P owns 21,600 shares or 0.04% of their US portfolio. Moreover, Baxter Bros Inc has 0.02% invested in the company for 10,000 shares. The Michigan-based Sigma Planning Corp has invested 0.02% in the stock. Sit Investment Associates Inc, a Minnesota-based fund reported 29,221 shares.

The stock decreased 0.98% or $0.21 during the last trading session, reaching $21.3. About 52,312 shares traded or 94.20% up from the average. Guggenheim Credit Allocation Fund (GGM) has 0.00% since April 14, 2017 and is . It has underperformed by 11.55% the S&P500.

Since October 20, 2017, it had 0 buys, and 5 sales for $5.26 million activity. Daniel John M also sold $443,003 worth of First Horizon National Corporation (NYSE:FHN) on Wednesday, March 14. Another trade for 5,449 shares valued at $104,917 was sold by MARTIN R BRAD. The insider Kisber Michael E sold 160,000 shares worth $3.20M. $609,516 worth of First Horizon National Corporation (NYSE:FHN) was sold by Foss Peter N on Monday, January 29.

First Horizon National Corporation operates as the bank holding firm for First Tennessee Bank National Association that provides various financial services in the United States and internationally. The company has market cap of $6.14 billion. The firm offers general banking services for consumers, businesses, financial institutions, and governments. It has a 28.92 P/E ratio. It also provides investment, financial planning, trust, asset management, and cash management services.

The stock decreased 1.05% or $0.2 during the last trading session, reaching $18.8. About 9.08M shares traded or 160.61% up from the average. First Horizon National Corporation (NYSE:FHN) has risen 1.61% since April 14, 2017 and is uptrending. It has underperformed by 9.94% the S&P500.

First Horizon National Corporation (NYSE:FHN) Institutional Positions Chart

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