Published on 11 Jan 2024 on Simply Wall St. via Yahoo Finance
First Merchants Corporation (NASDAQ:FRME) is a favorite amongst institutional investors who own 73%
Key Insights
Significantly high institutional ownership implies First Merchants' stock price is sensitive to their trading actionsThe top 18 shareholders own 51% of the company Insiders have been selling lately
If you want to know who really controls First Merchants Corporation (NASDAQ:FRME), then you'll have to look at the makeup of its share registry. With 73% stake, institutions possess the maximum shares in the company. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).