Who are the Institutional Holders in First Horizon Corporation (FHN)?

First Horizon Corporation (NYSE: FHN) is -22.95% lower on its value in year-to-date trading and has touched a low of $6.27 and a high of $17.40 in the current 52-week trading range. The FHN stock was last observed hovering at around $12.78 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $15.00 for the next 12 months. It is also 22.67% off the consensus price target high of $16.50 offered by 15 analysts, but current levels are -6.33% lower than the price target low of $12.00 for the same period.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

Currently trading at $12.76, the stock is -0.16% and 6.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.27 million and changing -0.16% at the moment leaves the stock 28.19% off its SMA200. FHN registered -22.76% loss for a year compared to 6-month gain of 37.95%. The firm has a 50-day simple moving average (SMA 50) of $12.67 and a 200-day simple moving average (SMA200) of $10.52.

The stock witnessed a 1.03% loss in the last 1 month and extending the period to 3 months gives it a 33.06%, and is 0.16% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 2.33% over the month.

First Horizon Corporation (FHN) has around 5017 employees, a market worth around $7.09B and $1.73B in sales. Current P/E ratio is 8.35 and Fwd P/E is 9.85. Profit margin for the company is 40.80%. Distance from 52-week low is 103.51% and -26.67% from its 52-week high. The company has generated returns on investments over the last 12 months (18.80%).

First Horizon Corporation (FHN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for First Horizon Corporation (FHN) is a “Buy”. 15 analysts offering their recommendations for the stock have an average rating of 1.90, where 3 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

First Horizon Corporation is expected to release its quarterly report on 04/09/2021 and quarterly earnings per share for the current quarter are estimated at $0.33 with sales reaching $783.31M over the same period.The EPS is expected to shrink by -16.30% this year, but quarterly earnings will post 51.80% year-over-year. Quarterly sales are estimated to grow 58.30% in year-over-year returns.

First Horizon Corporation (FHN) Top Institutional Holders

559 institutions hold shares in First Horizon Corporation (FHN), with 8.22M shares held by insiders accounting for 1.48% while institutional investors hold 85.53% of the company’s shares. The shares outstanding are 549.69M, and float is at 546.57M with Short Float at 2.32%. Institutions hold 84.26% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 53.35 million shares valued at $503.12 million. The investor’s holdings represent 9.62% of the FHN Shares outstanding. As of Sep 29, 2020, the second largest holder is Blackrock Inc. with 53.11 million shares valued at $500.8 million to account for 9.57% of the shares outstanding. The other top investors are FMR, LLC which holds 31.48 million shares representing 5.67% and valued at over $296.86 million, while Dimensional Fund Advisors LP holds 3.83% of the shares totaling 21.23 million with a market value of $200.17 million.

First Horizon Corporation (FHN) Insider Activity

The most recent transaction is an insider sale by ARDOIN ELIZABETH A, the company’s SEVP, Chief Communications Ofc. SEC filings show that ARDOIN ELIZABETH A sold 6,274 shares of the company’s common stock on Dec 04 at a price of $13.06 per share for a total of $81907.0. Following the sale, the insider now owns 0.22 million shares.

First Horizon Corporation disclosed in a document filed with the SEC on Dec 02 that Restel Anthony J (SEVP Chief Operating Officer) sold a total of 15,493 shares of the company’s common stock. The trade occurred on Dec 02 and was made at $12.85 per share for $0.2 million. Following the transaction, the insider now directly holds 0.37 million shares of the FHN stock.

Still, SEC filings show that on Nov 24, Losch William C III (Sr. EVP and CFO) disposed off 45,136 shares at an average price of $12.54 for $0.57 million. The insider now directly holds 343,441 shares of First Horizon Corporation (FHN).

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

First Horizon Corporation (FHN): Who are the competitors?

The company’s main competitors (and peers) include The PNC Financial Services Group Inc. (PNC) that is trading -7.09% down over the past 12 months. Synovus Financial Corp. (SNV) is -17.93% down on the 1-year trading charts. Short interest in the company’s stock has fallen -69.16% from the last report on Nov 12, 2020 to stand at a total of 21.45 million short shares sold with a short interest ratio of 2.89.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free