5 Best Low-Priced Dividend Stocks To Invest In

1. First Horizon Corp (NYSE:FHN)

Number of Hedge Fund Investors: 48

First Horizon Corp (NYSE:FHN) is a popular stock among hedge funds. A total of 48 hedge funds tracked by Insider Monkey had stakes in First Horizon Corp (NYSE:FHN). The biggest stake in First Horizon Corp (NYSE:FHN) was owned by D. E. Shaw’s D E Shaw which owns an $108 million stake in First Horizon Corp (NYSE:FHN).

ClearBridge Small Cap Value Strategy made the following comment about First Horizon Corporation (NYSE:FHN) in its Q2 2023 investor letter:

“The financials sector was also a positive contributor to relative outperformance during the quarter as fears of further contagion of March’s bank crisis eased and allowed for a rebound in many of the higher-quality small and regional banks caught up in the panic. For example, as investor pessimism dissipated, Bank OZK exceeded analyst expectations and raised its quarterly dividend, highlighting continued improvement in its net interest income margin in the first quarter. We capitalized on the retreat in bank stocks early in the quarter to initiate a new position in regional bank First Horizon Corporation (NYSE:FHN), which reflected a unique opportunity to buy a bank with an extremely strong capital and liquidity profile at a distressed value after its deal to be acquired by Toronto Dominion was canceled through no fault of First Horizon. While we continue to be vigilant for signs of further deterioration in the sector, we have high conviction in our holdings and believe that they will continue to be positive contributors to our long-term performance.”

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