Jefferies Initiates Buy Recommendation for First Horizon Corporation Preferred Stock

On May 21, 2025, Jefferies started coverage of First Horizon Corporation – Preferred Stock (NYSE:FHN.PRB) with a Buy recommendation.

Fund Sentiment Overview

Currently, three funds or institutions have reported positions in First Horizon Corporation – Preferred Stock. This marks an increase of one owner, or 50%, over the last quarter. The average portfolio weight for all funds dedicated to FHN.PRB is 0.04%, which is a significant rise of 1,306.24%. Moreover, total shares owned by institutions rose by 3.56% during the past three months, reaching 15,000 shares.

Institutional Shareholder Activity

PNARX – Spectrum Preferred and Capital Securities Income Fund holds 14,000 shares, showing no change from the previous quarter.

QTPI – North Square RCIM Tax-Advantaged Preferred and Income Securities ETF currently holds 0 shares.

ORG Partners also reports holding 0 shares, with no changes over the last quarter.

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