Institutional Owners May Ignore First Merchants Corporation's (NASDAQ:FRME) Recent US$153m Market Cap Decline as Longer-term Profits Stay in the Green
Institutional Owners May Ignore First Merchants Corporation's (NASDAQ:FRME) Recent US$153m Market Cap Decline as Longer-term Profits Stay in the Green
Key Insights
主要见解
- Significantly high institutional ownership implies First Merchants' stock price is sensitive to their trading actions
- 51% of the business is held by the top 16 shareholders
- Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock
- 显著高的机构持股意味着第一招商的股价对他们的交易行为很敏感。
- 前十六大股东持有该公司51%的股权。
- 所有权研究和分析师预测数据有助于更好地了解股票市场的机会。
A look at the shareholders of First Merchants Corporation (NASDAQ:FRME) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 75% ownership. Put another way, the group faces the maximum upside potential (or downside risk).
看一下第一招商股份有哪些股东可以告诉我们哪个群体最有权势。拥有最大股份的群体便是持有75%所有权的机构。换个说法,这个群体面临着最大的上行潜力(或下行风险)。
Institutional investors endured the highest losses after the company's market cap fell by US$153m last week. However, the 19% one-year returns may have helped alleviate their overall losses. But they would probably be wary of future losses.
公司市值上周下跌了15300万美元,机构投资者承受了最高的损失。然而,19%的一年回报或许有助于减轻他们的总体损失。但他们可能会对未来的损失保持警惕。
Let's delve deeper into each type of owner of First Merchants, beginning with the chart below.
让我们深入了解第一招商的每种所有权类型,从下面的图表开始。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240806/0-88aa36c3bdfc4f916b40e00b40dd1ac2-0-d86ad928820450eee738b80fa08e96a9.png/big)
What Does The Institutional Ownership Tell Us About First Merchants?
机构持股告诉我们关于第一招商的什么信息?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
机构通常在向自己的投资者报告时会针对一个基准进行衡量,因此一旦某只股票被纳入主要指数,他们通常会更加热衷于该股票。我们预计大多数公司都会有一些机构在登记簿上,尤其是那些正在增长的公司。
As you can see, institutional investors have a fair amount of stake in First Merchants. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see First Merchants' historic earnings and revenue below, but keep in mind there's always more to the story.
正如您所看到的,机构投资者在第一招商拥有相当数量的股份。这可能表明该公司在投资社区中有一定的信誉度。然而,最好不要依赖于机构投资者所带来的所谓验证,他们有时也会犯错。当多个机构拥有一只股票时,总是存在一种拥挤的交易风险。当这种交易出现问题时,多个当事方可能会竞相快速出售股票。在一个没有增长历史的公司中,这种风险更高。您可以看到第一招商的历史收益和营业收入,但请记住,故事总是有更多的内容。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240806/0-88aa36c3bdfc4f916b40e00b40dd1ac2-1-91356fe9a16be0c833d526b2af17c760.png/big)
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in First Merchants. The company's largest shareholder is The Vanguard Group, Inc., with ownership of 11%. In comparison, the second and third largest shareholders hold about 8.4% and 5.6% of the stock.
由于机构投资者拥有超过一半的股份,董事会很可能要关注他们的偏好。我们注意到,对第一招商而言,对冲基金并没有意义。该公司最大的股东是持有11%股权的黑岩集团公司。相比之下,第二大和第三大股东分别持有大约8.4%和5.6%的股份。
A closer look at our ownership figures suggests that the top 16 shareholders have a combined ownership of 51% implying that no single shareholder has a majority.
对我们的所有权数据进行更详细的研究,表明前16号股东拥有51%的股份,暗示没有单一股东拥有多数股权。
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
我们的数据表明,私人公司持有公司的4.0%的股份。单单从这个事实上很难得出任何结论,因此它值得研究谁拥有这些私人公司。有时内部人或其他相关方通过单独的私营公司持有上市公司的股份。
Insider Ownership Of First Merchants
第一招商的内部持股
While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
虽然“内部人士”的明确定义具有主观性,但几乎所有人都认为董事会成员是内部人士。公司管理业务,但首席执行官即使是董事会成员,也要向董事会负责。
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
当内部人持股情况表明领导层思考和公司真正所有者一样时,内部所有权是积极的。然而,高达内部人士所有权也可能为公司内的小团体带来巨大的权力。在某些情况下,这可能是负面的。
Shareholders would probably be interested to learn that insiders own shares in First Merchants Corporation. The insiders have a meaningful stake worth US$32m. Most would see this as a real positive. If you would like to explore the question of insider alignment, you can click here to see if insiders have been buying or selling.
股东们可能会有兴趣了解到,内部人在第一招商持有股票。内部人持有价值3200万美元的股份。大多数人会将其视为真正的积极因素。如果您想探讨内部人持股与公司投资业绩间的联系,可以点击此处查看他们的买卖情况。
General Public Ownership
一般大众所有权
With a 24% ownership, the general public, mostly comprising of individual investors, have some degree of sway over First Merchants. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
占有24%股份的普通公众,主要由个体投资者组成,对第一招商具有一定的影响力。尽管该公司的所有权规模可能不足以左右政策决策的赞同,但它们仍然可以对公司政策产生集体影响。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important.
虽然考虑所有拥有一家公司的群体很重要,但还有其他更重要的因素。
I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph.
我总是喜欢查看营业收入增长的历史记录,你也可以免费访问这个详细图表中的历史营收和收益图表。
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果您希望了解分析师在未来增长方面的预测,请务必不要错过这份免费报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。