First Horizon Corporation (NYSE: FHN) is -17.58% lower on its value in year-to-date trading and has touched a low of $14.09 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 $17.10 in the last trading session, with the day’s loss setting it -0.5%.
Currently trading at $16.60, the stock is -7.76% and -14.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.0 million and changing -2.92% at the moment leaves the stock -9.45% off its SMA200. FHN registered 17.15% gain for a year compared to 6-month gain of -4.54%. The firm has a 50-day simple moving average (SMA 50) of $19.4176 and a 200-day simple moving average (SMA200) of $18.33225.
The stock witnessed a -13.63% loss in the last 1 month and extending the period to 3 months gives it a -23.01%, and is -2.01% 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 3.85% over the week and 5.15% over the month.
First Horizon Corporation (FHN) has around 7155 employees, a market worth around $8.42B and $4.93B in sales. Current P/E ratio is 11.56 and Fwd P/E is 8.89. Profit margin for the company is 15.54%. Distance from 52-week low is 17.81% and -26.02% from its 52-week high. The company has generated returns on investments over the last 12 months (7.35%).
with sales reaching $833.79M over the same period.The EPS is expected to grow by 9.44% this year, but quarterly earnings will post 1.63% year-over-year. Quarterly sales are estimated to grow 1.81% in year-over-year returns.
First Horizon Corporation (FHN) Top Institutional Holders
734.0 institutions hold shares in First Horizon Corporation (FHN), with institutional investors hold 89.59% of the company’s shares. The shares outstanding are 514.16M, and float is at 507.33M with Short Float at 2.17%. Institutions hold 88.86% 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 10.3537 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).
