Jefferies Initiates Buy on First Horizon Corporation’s Preferred Stock

Fintel reports that on May 21, 2025, Jefferies began coverage of First Horizon Corporation – Preferred Stock (NYSE:FHN.PRF) with a Buy recommendation.

Fund Sentiment Overview

Currently, five funds or institutions hold positions in First Horizon Corporation – Preferred Stock. This marks a decrease of two owners, or 28.57%, over the last quarter. The average portfolio weight of all funds dedicated to FHN.PRF is 0.04%, reflecting a 20.19% increase. In total, institutional ownership decreased by 1.52%, totaling 809K shares over the last three months.

Actions by Other Shareholders

PFF – iShares Preferred and Income Securities ETF currently holds 571K shares, down from 576K shares in its prior filing, representing a decrease of 0.82%. The firm has reduced its portfolio allocation in FHN.PRF by 6.07% over the last quarter.

PGX – Invesco Preferred ETF holds 234K shares, down from 235K shares previously, which is a decrease of 0.66%. The firm cut its portfolio allocation in FHN.PRF by 2.31% in the last quarter.

GPRF – Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF maintains its position with 2K shares, unchanged from the prior filing, but this entails a decrease of 20.63%. The firm also decreased its portfolio allocation in FHN.PRF by 3.64% in the last quarter.

PNARX – Spectrum Preferred and Capital Securities Income Fund holds 1K shares, down from 2K shares earlier, indicating a decrease of 45.82%. Their allocation in FHN.PRF has dropped by 32.60% over the past quarter.

PNC Financial Services Group has not changed its position in FHN.PRF, holding 0K shares, which reflects a decrease of 6.62%. The firm has reduced its portfolio allocation by 86.17% in this timeframe.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.