Freedom Holding Corp. (NASDAQ:FRHC) Shares Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon Corp increased its stake in Freedom Holding Corp. by 33.3% during the first quarter, bringing its total holdings to 7,188 shares valued at approximately $950,000.
• Other institutional investors, like JPMorgan Chase & Co., significantly raised their positions in Freedom, with JPMorgan increasing its stake by 286.0% in the fourth quarter.
• As of the latest report, Freedom Holding Corp.'s stock is down by 2.0%, trading at $182.17, with a market capitalization of $10.68 billion.

Bank of New York Mellon Corp increased its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 33.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,188 shares of the company's stock after buying an additional 1,797 shares during the quarter. Bank of New York Mellon Corp's holdings in Freedom were worth $950,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in Freedom by 27.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,065 shares of the company's stock valued at $139,000 after purchasing an additional 232 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Freedom during the 4th quarter worth approximately $30,000. GAMMA Investing LLC raised its position in shares of Freedom by 13,133.3% during the 1st quarter. GAMMA Investing LLC now owns 397 shares of the company's stock worth $52,000 after purchasing an additional 394 shares during the last quarter. Deutsche Bank AG raised its position in shares of Freedom by 34.6% during the 4th quarter. Deutsche Bank AG now owns 1,986 shares of the company's stock worth $260,000 after purchasing an additional 510 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Freedom by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 54,034 shares of the company's stock worth $7,062,000 after purchasing an additional 696 shares during the last quarter. Hedge funds and other institutional investors own 1.26% of the company's stock.

Freedom Price Performance

Shares of Freedom stock traded up $2.50 during trading on Wednesday, hitting $191.25. 75,984 shares of the company were exchanged, compared to its average volume of 122,461. The firm has a 50 day moving average price of $156.99 and a 200 day moving average price of $147.91. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 137.59 and a beta of 1.14. Freedom Holding Corp. has a fifty-two week low of $82.08 and a fifty-two week high of $194.01.

Freedom (NASDAQ:FRHC - Get Free Report) last released its quarterly earnings data on Friday, June 13th. The company reported ($2.36) EPS for the quarter. Freedom had a return on equity of 6.92% and a net margin of 4.13%. The firm had revenue of $363.72 million for the quarter.

Freedom Company Profile

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, and investment banking services. It offers retail brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; securities trading; underwriting services; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital business and digital auto loans, as well as Freedom Box, a package of payment acquiring services.