SCHEDULE: Bank of New York Mellon Corp Reports 7.0% Ownership Stake in First Horizon Corp

Bank of New York Mellon Corp, along with its subsidiaries, reports beneficial ownership of 7.0% of First Horizon Corp's common stock as of December 31, 2024.

Summary

• Bank of New York Mellon Corp has filed a Schedule 13G amendment indicating its ownership stake in First Horizon Corp.
• As of December 31, 2024, Bank of New York Mellon Corp beneficially owns 37,131,162 shares of First Horizon Corp common stock, representing 7.0% of the class.
• BNY Mellon IHC, LLC and MBC Investments Corp also reported beneficial ownership of 33,008,734 shares each, representing 6.2% of the class.
• The filing indicates that the shares are held in various fiduciary capacities by Bank of New York Mellon Corp and its subsidiaries.
• The filing confirms that no single other person's interest in the securities reported is more than 5%.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document is a standard regulatory filing. It doesn't convey any positive or negative outlook on First Horizon Corp.

Positives

• The filing provides transparency regarding the ownership stake of Bank of New York Mellon Corp in First Horizon Corp.
• The disclosure confirms that the securities are held in a fiduciary capacity, suggesting a standard investment management role.

Risks

• Changes in the holdings of Bank of New York Mellon Corp could potentially impact the stock price of First Horizon Corp.
• Regulatory scrutiny of large institutional holdings could pose a risk.

Future Outlook

The document does not contain specific forward-looking statements regarding First Horizon Corp's performance or the intentions of Bank of New York Mellon Corp.

Industry Context

Schedule 13G filings are a routine part of the regulatory landscape for institutional investors, providing transparency into their ownership positions in publicly traded companies. This filing indicates Bank of New York Mellon's significant, but passive, investment in First Horizon Corp.

Comparison to Industry Standards

• Similar filings are common among large institutional investors like BlackRock, Vanguard, and State Street, who routinely disclose their ownership positions in various companies.
• A 7.0% ownership stake is a significant holding, but not uncommon for major institutional investors.
• The structure of the filing, with multiple subsidiaries reporting, is typical for large financial institutions with diverse investment management operations.

Stakeholder Impact

• Shareholders of First Horizon Corp are informed about the significant ownership stake held by Bank of New York Mellon Corp.
• The filing provides transparency to the market regarding institutional ownership.

Key Dates

Keywords

Schedule 13G, beneficial ownership, First Horizon Corp, Bank of New York Mellon, common stock, BNY Mellon, investment