First Horizon Corporation (NYSE: FHN) is -1.84% lower on its value in year-to-date trading and has touched a low of $13.72 and a high of $22.44 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FHN stock was last observed hovering at around $19.66 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $19.77, the stock is 1.56% and -4.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.9 million and changing 0.56% at the moment leaves the stock 9.38% off its SMA200. FHN registered 28.38% gain for a year compared to 6-month gain of 23.79%. The firm has a 50-day simple moving average (SMA 50) of $20.713 and a 200-day simple moving average (SMA200) of $18.0749.
The stock witnessed a -4.35% loss in the last 1 month and extending the period to 3 months gives it a 2.59%, and is 5.05% 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 2.43% over the week and 3.19% over the month.
First Horizon Corporation (FHN) has around 7155 employees, a market worth around $10.16B and $5.00B in sales. Current P/E ratio is 14.58 and Fwd P/E is 10.37. Profit margin for the company is 14.76%. Distance from 52-week low is 44.15% and -11.90% from its 52-week high. The company has generated returns on investments over the last 12 months (7.13%).
with sales reaching $824.68M over the same period.The EPS is expected to grow by 9.45% this year, but quarterly earnings will post 2.58% year-over-year. Quarterly sales are estimated to grow 0.20% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
727.0 institutions hold shares in First Horizon Corporation (FHN), with institutional investors hold 88.65% of the company’s shares. The shares outstanding are 524.28M, and float is at 507.33M with Short Float at 2.17%. Institutions hold 87.74% 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 11.3796% 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 4.0664 of the shares totaling 22.12 million with a market value of $352.23 million.
First Horizon Corporation (FHN) Insider Activity
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First Horizon Corporation disclosed in a document filed with the SEC on Jan 22 ’25 that JORDAN D BRYAN (Chairman, President & CEO) sold a total of 109,980 shares of the company’s common stock. The trade occurred on Jan 22 ’25 and was made at $21.13 per share for $2.32 million. Following the transaction, the insider now directly holds 1.86 million shares of the FHN stock.
Still, SEC filings show that on Jan 22 ’25, JORDAN D BRYAN (Officer) Proposed Sale 109,980 shares at an average price of $21.13 for $2.32 million. The insider now directly holds shares of First Horizon Corporation (FHN).
