First Horizon Corporation (NYSE: FHN) is 40.82% higher on its value in year-to-date trading and has touched a low of $12.95 and a high of $21.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FHN stock was last observed hovering at around $19.27 in the last trading session, with the day’s gains setting it 0.67%.
Currently trading at $19.94, the stock is -2.54% and 4.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.42 million and changing 3.48% at the moment leaves the stock 21.70% off its SMA200. FHN registered 45.87% gain for a year compared to 6-month gain of 32.84%. The firm has a 50-day simple moving average (SMA 50) of $19.1726 and a 200-day simple moving average (SMA200) of $16.38455.
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The stock witnessed a 0.35% loss in the last 1 month and extending the period to 3 months gives it a 27.25%, and is -1.24% down 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 3.51% over the week and 2.42% over the month.
First Horizon Corporation (FHN) has around 7249 employees, a market worth around $10.94B and $5.10B in sales. Current P/E ratio is 14.49 and Fwd P/E is 12.43. Profit margin for the company is 14.83%. Distance from 52-week low is 53.98% and -8.20% from its 52-week high. The company has generated returns on investments over the last 12 months (7.40%).
with sales reaching $821.07M over the same period.The EPS is expected to shrink by -2.28% this year, but quarterly earnings will post -5.64% year-over-year. Quarterly sales are estimated to grow 2.12% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
716.0 institutions hold shares in First Horizon Corporation (FHN), with institutional investors hold 83.34% of the company’s shares. The shares outstanding are 532.18M, and float is at 523.41M with Short Float at 1.96%. Institutions hold 82.62% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 61.9 million shares valued at $976.21 million. The investor’s holdings represent 11.1542% of the FHN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 56.32 million shares valued at $888.2 million to account for 10.1486 of the shares outstanding. The other top investors are BANK OF NEW YORK MELLON CORP which holds 32.39 million shares representing 5.8362% and valued at over $510.78 million, while STATE STREET CORP holds 3.9858 of the shares totaling 22.12 million with a market value of $352.23 million.
First Horizon Corporation (FHN) Insider Activity
The most recent transaction is an insider sale by Fleming Jeff L., the company’s EVP & Chief Accounting Officer. SEC filings show that Fleming Jeff L. sold 8,025 shares of the company’s common stock on Nov 22 ’24 at a price of $20.65 per share for a total of $0.17 million. Following the sale, the insider now owns 0.12 million shares.
Still, SEC filings show that on Nov 12 ’24, BARTON HARRY V JR (Director) disposed off 10,000 shares at an average price of $19.92 for $0.2 million. The insider now directly holds 166,840 shares of First Horizon Corporation (FHN).
