Cardinal Capital Management Has Raised Its Position in Simon Property Group (SPG) by $2.07 Million as Valuation Rose; Fsi Group Cut Holding in First Horizon Natl (FHN) by $4.20 Million

June 14, 2018 - By Peter Erickson

Simon Property Group, Inc. (NYSE:SPG) Logo

Fsi Group Llc decreased its stake in First Horizon Natl Corp (FHN) by 80.13% based on its latest 2018Q1 regulatory filing with the SEC. Fsi Group Llc sold 233,564 shares as the company’s stock declined 3.76% with the market. The hedge fund held 57,927 shares of the major banks company at the end of 2018Q1, valued at $1.09M, down from 291,491 at the end of the previous reported quarter. Fsi Group Llc who had been investing in First Horizon Natl Corp for a number of months, seems to be less bullish one the $6.26B market cap company. The stock increased 0.21% or $0.04 during the last trading session, reaching $19.12. About 3.33M shares traded. First Horizon National Corporation (NYSE:FHN) has risen 10.51% since June 14, 2017 and is uptrending. It has underperformed by 2.06% the S&P500. Some Historical FHN News: 10/05/2018 – First Horizon Presenting at Barclays Conference May 15; 24/04/2018 – First Horizon Declares Quarterly Dividends; 05/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N : WELLS FARGO RAISES TO OUTPERFORM FROM MARKET PERFORM; 13/04/2018 – First Horizon 1Q EPS 27c; 13/04/2018 – FIRST HORIZON NATIONAL CORP – QTRLY TOTAL REV $437.2 MLN VS $306.6 MLN LAST YEAR; 13/04/2018 – First Horizon delivers strong first quarter performance; 13/04/2018 – FIRST HORIZON 1Q ADJ EPS 34C, EST. 30C; 24/04/2018 – FIRST HORIZON NATIONAL CORP FHN.N SETS QUARTERLY CASH DIVIDEND OF $0.12/SHR; 14/05/2018 – First Horizon Presenting at Barclays Conference Tomorrow; 13/04/2018 – FIRST HORIZON 1Q NET INTEREST MARGIN 3.43%, EST. 3.33%

Cardinal Capital Management Inc increased its stake in Simon Property Group Inc. (SPG) by 20.47% based on its latest 2018Q1 regulatory filing with the SEC. Cardinal Capital Management Inc bought 13,441 shares as the company’s stock rose 0.26% while stock markets declined. The institutional investor held 79,090 shares of the consumer services company at the end of 2018Q1, valued at $12.21M, up from 65,649 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Simon Property Group Inc. for a number of months, seems to be bullish on the $58.57B market cap company. The stock increased 1.09% or $1.77 during the last trading session, reaching $164.27. About 646,791 shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 0.75% since June 14, 2017 and is downtrending. It has underperformed by 13.32% the S&P500.

Another recent and important First Horizon National Corporation (NYSE:FHN) news was published by Bizjournals.com which published an article titled: “Capital Bank announces Charlotte leadership team post-First Horizon merger” on June 12, 2018.

Analysts await First Horizon National Corporation (NYSE:FHN) to report earnings on July, 13. They expect $0.35 EPS, up 29.63% or $0.08 from last year’s $0.27 per share. FHN’s profit will be $114.52M for 13.66 P/E if the $0.35 EPS becomes a reality. After $0.34 actual EPS reported by First Horizon National Corporation for the previous quarter, Wall Street now forecasts 2.94% EPS growth.

Fsi Group Llc, which manages about $3.71B and $106.87M US Long portfolio, upped its stake in Svb Finl Group (NASDAQ:SIVB) by 10,966 shares to 21,366 shares, valued at $5.13 million in 2018Q1, according to the filing.

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. The stock of First Horizon National Corporation (NYSE:FHN) earned “Buy” rating by Keefe Bruyette & Woods on Friday, April 13. Jefferies maintained it with “Buy” rating and $22.0 target in Friday, September 22 report. The firm has “Outperform” rating given on Wednesday, April 19 by Vining Sparks. Stephens maintained First Horizon National Corporation (NYSE:FHN) on Friday, May 5 with “Hold” rating. Deutsche Bank maintained the shares of FHN in report on Monday, September 26 with “Hold” rating. On Friday, February 9 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Hold”. RBC Capital Markets maintained First Horizon National Corporation (NYSE:FHN) on Friday, April 13 with “Hold” rating. Keefe Bruyette & Woods maintained it with “Buy” rating and $25.0 target in Thursday, December 21 report. The firm earned “Buy” rating on Wednesday, June 14 by Jefferies.

Investors sentiment decreased to 1.44 in Q1 2018. Its down 1.22, from 2.66 in 2017Q4. It is negative, as 29 investors sold FHN 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. Suntrust Banks has invested 0% in First Horizon National Corporation (NYSE:FHN). Connecticut-based Timber Hill Ltd Liability has invested 0.03% in First Horizon National Corporation (NYSE:FHN). 26,365 are owned by Riverhead Cap Mgmt Ltd Liability Corp. Loring Wolcott Coolidge Fiduciary Advsr Llp Ma has invested 0% in First Horizon National Corporation (NYSE:FHN). Prudential Fin Inc holds 497,514 shares or 0.01% of its portfolio. M&T Bancshares Corporation stated it has 13,156 shares or 0% of all its holdings. Hanson Mcclain reported 0% in First Horizon National Corporation (NYSE:FHN). Ameriprise Financial Inc holds 1.34 million shares. Texas Permanent School Fund stated it has 216,367 shares. Franklin Resources Inc holds 0.15% of its portfolio in First Horizon National Corporation (NYSE:FHN) for 16.15 million shares. 521,880 are held by Manufacturers Life Insur Com The. Mason Street Advisors Limited Liability invested in 164,156 shares. Massmutual Tru Co Fsb Adv reported 582 shares or 0% of all its holdings. Ing Groep Nv owns 41,383 shares for 0.01% of their portfolio. Segall Bryant & Hamill Lc owns 228,276 shares.

Since January 29, 2018, it had 0 buys, and 4 sales for $5.16 million activity. 44,707 shares were sold by Kisber Michael E, worth $903,320. 30,000 shares were sold by Foss Peter N, worth $609,516.

Cardinal Capital Management Inc, which manages about $1.84B and $1.07 billion US Long portfolio, decreased its stake in Pnc Financial Services Group I (NYSE:PNC) by 48,570 shares to 68,291 shares, valued at $10.33 million in 2018Q1, according to the filing. It also reduced its holding in Vf Corporation (NYSE:VFC) by 5,285 shares in the quarter, leaving it with 226,760 shares, and cut its stake in Amerisourcebergen Corp. (NYSE:ABC).

Among 22 analysts covering Simon Property Group (NYSE:SPG), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Simon Property Group had 70 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, March 7 by Evercore. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Buy” rating given on Wednesday, January 31 by Jefferies. The stock has “Overweight” rating by Barclays Capital on Tuesday, July 18. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Hold” rating given on Friday, January 20 by SunTrust. On Monday, April 30 the stock rating was maintained by Boenning & Scattergood with “Buy”. The firm has “Hold” rating by Zacks given on Wednesday, August 26. The rating was downgraded by J.P. Morgan on Tuesday, March 27 to “Hold”. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, July 28. The stock of Simon Property Group, Inc. (NYSE:SPG) has “Overweight” rating given on Tuesday, July 19 by Barclays Capital. Boenning & Scattergood maintained the shares of SPG in report on Thursday, July 20 with “Buy” rating.

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.06, from 0.99 in 2017Q4. It dived, as 59 investors sold SPG shares while 208 reduced holdings. 69 funds opened positions while 178 raised stakes. 288.17 million shares or 1.90% less from 293.74 million shares in 2017Q4 were reported. State Of New Jersey Common Pension Fund D stated it has 0.28% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Us Bank De has invested 0.03% in Simon Property Group, Inc. (NYSE:SPG). Missouri-based Stifel Financial Corp has invested 0.11% in Simon Property Group, Inc. (NYSE:SPG). Riverhead Capital Llc has invested 0.03% in Simon Property Group, Inc. (NYSE:SPG). Neuberger Berman Group Incorporated Ltd owns 0.09% invested in Simon Property Group, Inc. (NYSE:SPG) for 483,682 shares. Laurion Cap Mngmt Ltd Partnership reported 0.01% in Simon Property Group, Inc. (NYSE:SPG). Lincluden Management stated it has 0.33% in Simon Property Group, Inc. (NYSE:SPG). Jones Finance Lllp stated it has 2,191 shares or 0% of all its holdings. Adams Asset Advisors Ltd Liability Company invested 0.16% in Simon Property Group, Inc. (NYSE:SPG). Savant Capital Ltd Llc accumulated 2,607 shares. Phocas Finance has invested 0.18% in Simon Property Group, Inc. (NYSE:SPG). Fayez Sarofim & reported 3,696 shares stake. Silvercrest Asset Mngmt Gp Ltd Liability stated it has 0% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). The Texas-based Exxonmobil Invest Tx has invested 0.21% in Simon Property Group, Inc. (NYSE:SPG). Everence Mgmt reported 4,093 shares or 0.14% of all its holdings.

More notable recent Simon Property Group, Inc. (NYSE:SPG) news were published by: 247Wallst.com which released: “Merrill Lynch Says Buy US Stocks Now – 4 Top Picks For The Rest Of 2018” on June 14, 2018, also Seekingalpha.com with their article: “Tanger Factory Outlet Centers: A Dividend Aristocrat On Sale” published on June 12, 2018, Seekingalpha.com published: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” on June 01, 2018. More interesting news about Simon Property Group, Inc. (NYSE:SPG) were released by: Bizjournals.com and their article: “Aventura Mall refinanced for $1.75 billion” published on June 14, 2018 as well as Nasdaq.com‘s news article titled: “Investors Shouldn’t Trust the Rally in Retail Stocks” with publication date: June 05, 2018.

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

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>