First Horizon Corporation (NYSE: FHN) is -12.81% 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 $17.26 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $17.56, the stock is -4.22% and -10.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.17 million and changing 1.74% at the moment leaves the stock -4.12% off its SMA200. FHN registered 23.66% gain for a year compared to 6-month gain of 7.20%. The firm has a 50-day simple moving average (SMA 50) of $19.722 and a 200-day simple moving average (SMA200) of $18.3138.
The stock witnessed a -6.84% loss in the last 1 month and extending the period to 3 months gives it a -15.70%, and is 6.36% 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 6.97% over the week and 4.95% over the month.
First Horizon Corporation (FHN) has around 7155 employees, a market worth around $9.03B and $5.00B in sales. Current P/E ratio is 12.95 and Fwd P/E is 9.39. Profit margin for the company is 14.76%. Distance from 52-week low is 28.03% and -21.75% from its 52-week high. The company has generated returns on investments over the last 12 months (7.13%).
with sales reaching $821.85M over the same period.The EPS is expected to grow by 9.57% this year, but quarterly earnings will post 2.19% year-over-year. Quarterly sales are estimated to shrink -0.14% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
729.0 institutions hold shares in First Horizon Corporation (FHN), with institutional investors hold 88.28% 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 87.57% 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).
