Freedom Holding Corp. (NASDAQ:FRHC) Shares Bought 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 Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 33.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,188 shares of the company's stock after purchasing 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.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. California State Teachers Retirement System raised its stake in shares of Freedom by 153.6% in the 4th quarter. California State Teachers Retirement System now owns 16,512 shares of the company's stock worth $2,158,000 after buying an additional 10,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in Freedom by 286.0% in the fourth quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company's stock worth $4,471,000 after acquiring an additional 25,350 shares in the last quarter. Millennium Management LLC bought a new stake in Freedom in the fourth quarter worth about $2,130,000. KBC Group NV acquired a new stake in Freedom in the 1st quarter valued at about $138,000. Finally, Teacher Retirement System of Texas bought a new position in shares of Freedom during the 1st quarter valued at about $351,000. Institutional investors own 1.26% of the company's stock.

Freedom Stock Down 2.0%

NASDAQ FRHC opened at $182.17 on Friday. Freedom Holding Corp. has a 12 month low of $75.11 and a 12 month high of $186.23. The company has a market capitalization of $10.68 billion, a P/E ratio of 131.06 and a beta of 1.13. The company's 50 day simple moving average is $155.97 and its 200 day simple moving average is $147.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.17 and a quick ratio of 1.17.

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

Freedom 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.

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