JPMorgan Chase & Co. Acquires 49,712 Shares of Freedom Holding Corp. $FRHC

Key Points

• JPMorgan Chase & Co. bought an additional 49,712 shares of Freedom Holding in Q3, raising its stake to 76,068 shares — a 188.6% increase valued at about $13.09 million (≈0.13% of the company).
• Institutional and hedge fund ownership remains low at about 1.26%, though several firms (e.g., Farther Finance, CFC Planning, Amalgamated Bank) recently initiated or increased small positions.
• Analyst sentiment is broadly negative with an average rating of Sell and an average price target of $138, though Wall Street Zen recently upgraded Freedom to a Hold and Loop Capital set a $138 target.

JPMorgan Chase & Co. lifted its holdings in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 188.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 76,068 shares of the company's stock after purchasing an additional 49,712 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Freedom worth $13,094,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Farther Finance Advisors LLC lifted its stake in Freedom by 4,426.7% in the third quarter. Farther Finance Advisors LLC now owns 679 shares of the company's stock valued at $117,000 after buying an additional 664 shares in the last quarter. CFC Planning Co LLC bought a new stake in Freedom in the 3rd quarter valued at $205,000. Amalgamated Bank acquired a new position in Freedom in the 2nd quarter worth $211,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Freedom during the 2nd quarter worth about $215,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Freedom in the 1st quarter valued at about $261,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FRHC has been the subject of several recent research reports. Wall Street Zen raised Freedom from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Weiss Ratings restated a "sell (d+)" rating on shares of Freedom in a research note on Monday, December 29th. Finally, Loop Capital set a $138.00 price target on Freedom in a research report on Thursday, February 26th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell" and an average price target of $138.00.

Freedom Stock Performance

FRHC opened at $130.78 on Thursday. The business's 50-day simple moving average is $123.94 and its 200 day simple moving average is $143.72. Freedom Holding Corp. has a 52-week low of $107.97 and a 52-week high of $194.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $8.00 billion, a PE ratio of 6,539.00 and a beta of 0.84.

Freedom (NASDAQ:FRHC - Get Free Report) last posted its quarterly earnings results on Monday, February 9th. The company reported $1.25 earnings per share for the quarter. Freedom had a return on equity of 0.21% and a net margin of 0.13%.The firm had revenue of $628.62 million for the quarter.

About Freedom

Freedom Holding Corp NASDAQ: FRHC is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm's product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.

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