State Street (STT) Is At $98.34 Formed Wedge; First Horizon National (FHN) Had 13 Analysts Last Week

June 18, 2018 - By Ash

First Horizon National Corporation (NYSE:FHN) Logo

State Street Corporation (STT) formed wedge down with $91.46 target or 7.00% below today’s $98.34 share price. State Street Corporation (STT) has $35.93B valuation. The stock increased 0.08% or $0.08 during the last trading session, reaching $98.34. About 2.19 million shares traded or 38.71% up from the average. State Street Corporation (NYSE:STT) has risen 22.32% since June 18, 2017 and is uptrending. It has outperformed by 9.75% the S&P500. Some Historical STT News: ; 01/05/2018 – STATE STREET’S RON O’HANLEY SPEAKS AT MILKEN CONFERENCE; 20/04/2018 – State Street 1Q Operating Basis Return On Equity 12.8%; 05/04/2018 – BlackRock to offer gun-free investment strategies, ETFs; 18/04/2018 – State Street Corp expected to post earnings of $1.59 a share – Earnings Preview; 22/03/2018 – State Street Appoints Ian Appleyard as New Global Controller and Chief Acctg Officer; 20/04/2018 – State Street 1Q Effective Tax Rate 13.5%; 23/04/2018 – State Street Recognized by RobecoSAM’s Annual “Sustainability Yearbook” for Fourth Consecutive Year; 04/05/2018 – Ex-State Street employee accused by U.S. of defrauding insurer; 19/04/2018 – BlackRock wants regulators to address unequal voting rights; 06/03/2018 – MOVES-State Street Corp appoints new country head for China

Among 20 analysts covering First Horizon National Corporation (NYSE:FHN), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. First Horizon National Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Wood maintained First Horizon National Corporation (NYSE:FHN) rating on Tuesday, April 11. Wood has “Buy” rating and $21 target. The firm has “Buy” rating given on Wednesday, June 14 by Jefferies. The company was maintained on Monday, January 22 by Stephens. The firm earned “Market Perform” rating on Monday, September 26 by Hovde Group. JP Morgan upgraded the shares of FHN in report on Thursday, January 5 to “Overweight” rating. As per Friday, May 5, the company rating was maintained by Stephens. As per Friday, April 13, the company rating was maintained by Keefe Bruyette & Woods. The stock of First Horizon National Corporation (NYSE:FHN) earned “Outperform” rating by Raymond James on Monday, October 16. The stock of First Horizon National Corporation (NYSE:FHN) earned “Neutral” rating by Bank of America on Thursday, December 15. Vining Sparks maintained the stock with “Outperform” rating in Wednesday, April 19 report. See First Horizon National Corporation (NYSE:FHN) latest ratings:

18/04/2018 Broker: Jefferies Rating: Buy New Target: $23.0000 Maintain
16/04/2018 Broker: Hovde Group Rating: Hold New Target: $21.0000 Maintain
16/04/2018 Broker: Stephens Rating: Hold New Target: $20.5000 Maintain
13/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $21.0000 Maintain
13/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $23.0000 Maintain
09/04/2018 Broker: PiperJaffray Rating: Overweight New Target: $22 Initiates Coverage On
05/04/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
22/03/2018 Broker: UBS Rating: Buy New Target: $25 Initiates Coverage On
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $25.0 Maintain
09/02/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight Old Target: $20 Upgrade

The stock decreased 0.16% or $0.03 during the last trading session, reaching $19.07. About 6.34 million shares traded or 81.45% up from the average. First Horizon National Corporation (NYSE:FHN) has risen 10.51% since June 18, 2017 and is uptrending. It has underperformed by 2.06% the S&P500. Some Historical FHN News: ; 13/04/2018 – FIRST HORIZON 1Q ADJ EPS 34C, EST. 30C; 14/03/2018 – First Horizon Closes Below 50-Day Moving Average: Technicals; 13/04/2018 – First Horizon 1Q EPS 27c; 19/04/2018 – DJ First Horizon National Corporation, Inst Holders, 1Q 2018 (FHN); 13/04/2018 – First Horizon: Capital Bank Merger on Track With Cost Savings, Revenue Synergies; 20/04/2018 – Cramer also sits down with the CEOs of First Horizon National and Waste Management; 12/04/2018 – First Horizon Closes Above 200-Day Moving Average: Technicals; 13/04/2018 – First Horizon 1Q Net $90.6M; 16/04/2018 – Detailed Research: Economic Perspectives on United States Steel, Zoe’s Kitchen, First Horizon National, Starbucks, Nuance Commu; 14/03/2018 First Horizon honored as a top company for executive women

Investors sentiment decreased to 1.44 in Q1 2018. Its down 1.22, from 2.66 in 2017Q4. It dropped, as 29 investors sold First Horizon National Corporation shares while 73 reduced holdings. 45 funds opened positions while 102 raised stakes. 265.51 million shares or 1.06% more from 262.71 million shares in 2017Q4 were reported. Commonwealth Of Pennsylvania Pub School Empls Retrmt System reported 88,122 shares. Mason Street Advsr Ltd Liability Com has 0.07% invested in First Horizon National Corporation (NYSE:FHN) for 164,156 shares. Guggenheim Limited Com invested in 0% or 106,449 shares. Schroder Invest Mgmt Gru invested in 5.38M shares. Bartlett And Limited Co reported 6,734 shares. Connable Office Incorporated reported 0.06% stake. State Street Corp accumulated 16.74 million shares or 0.03% of the stock. Deutsche Comml Bank Ag owns 1.01M shares. Oak Hill Capital Management Ltd Limited Liability Company invested 28.78% in First Horizon National Corporation (NYSE:FHN). Ameriprise Financial reported 1.34 million shares. Amundi Pioneer Asset Mgmt has 1.82 million shares for 0.05% of their portfolio. Nordea Investment invested in 0.01% or 153,908 shares. Delta Asset Mngmt Ltd Liability Co Tn reported 44,210 shares stake. Loomis Sayles And Lp reported 1 shares. Arizona State Retirement Sys invested in 0.04% or 221,134 shares.

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 $6.24 billion. The firm offers general banking services for consumers, businesses, financial institutions, and governments. It has a 26.38 P/E ratio. It also provides investment, financial planning, trust, asset management, and cash management services.

Since January 29, 2018, it had 0 insider purchases, and 4 selling transactions for $5.16 million activity. The insider Daniel John M sold $443,003. 44,707 shares were sold by Kisber Michael E, worth $903,320 on Thursday, March 8. Shares for $609,516 were sold by Foss Peter N on Monday, January 29.

Since February 15, 2018, it had 0 insider buys, and 14 selling transactions for $10.45 million activity. Keenan Karen C sold 851 shares worth $85,764. Grove Hannah M also sold $570,732 worth of State Street Corporation (NYSE:STT) on Tuesday, May 15. Conway Jeff D sold 747 shares worth $76,993. Sullivan George E sold $162,357 worth of stock. 10,248 shares were sold by Kuritzkes Andrew P, worth $1.11M. Shares for $154,665 were sold by Schaefer Elizabeth on Monday, February 26. Erickson Andrew also sold $114,614 worth of State Street Corporation (NYSE:STT) shares.

Among 19 analysts covering State Street Corporation (NYSE:STT), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. State Street Corporation had 83 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Friday, September 15. The stock has “Overweight” rating by Barclays Capital on Wednesday, January 13. On Thursday, March 17 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, September 28. Jefferies maintained State Street Corporation (NYSE:STT) rating on Monday, July 10. Jefferies has “Hold” rating and $10000 target. The firm earned “Buy” rating on Wednesday, January 4 by Goldman Sachs. Deutsche Bank maintained State Street Corporation (NYSE:STT) rating on Friday, May 27. Deutsche Bank has “Hold” rating and $67 target. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, January 23 report. RBC Capital Markets maintained it with “Hold” rating and $8600 target in Wednesday, July 26 report.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.09, from 0.96 in 2017Q4. It fall, as 29 investors sold State Street Corporation shares while 287 reduced holdings. 66 funds opened positions while 210 raised stakes. 310.21 million shares or 0.79% less from 312.70 million shares in 2017Q4 were reported. Legal And General Gp Public Limited Company reported 0.13% of its portfolio in State Street Corporation (NYSE:STT). Eagle Asset Management holds 0.02% of its portfolio in State Street Corporation (NYSE:STT) for 33,069 shares. Asset One Com Ltd reported 0.14% of its portfolio in State Street Corporation (NYSE:STT). Dearborn Ptnrs Ltd invested in 0.02% or 3,053 shares. Heritage Invsts Management Corp owns 11,370 shares. Hbk Invests L P holds 0.08% or 84,727 shares in its portfolio. Parkside Finance Bancshares Tru holds 0.01% or 232 shares. Estabrook Mngmt owns 1,660 shares for 0% of their portfolio. Sterling Capital Management Limited Company has invested 0.09% in State Street Corporation (NYSE:STT). Johnson Finance Grp invested in 0% or 38 shares. Cibc World has invested 0.05% in State Street Corporation (NYSE:STT). Quantitative Systematic Strategies Ltd Liability Company owns 3,452 shares or 0.07% of their US portfolio. Vestor Ltd Liability Company holds 0.04% or 1,800 shares. Utah Retirement System has invested 0.15% in State Street Corporation (NYSE:STT). Creative Planning holds 12,160 shares or 0% of its portfolio.

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

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