Northern Trust Corp trimmed its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 36.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,338 shares of the company's stock after selling 12,229 shares during the quarter. Northern Trust Corp's holdings in Freedom were worth $2,789,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Marshall Wace LLP acquired a new stake in Freedom in the 4th quarter valued at approximately $10,589,000. JPMorgan Chase & Co. increased its position in Freedom by 286.0% in the 4th quarter. JPMorgan Chase & Co. now owns 34,213 shares of the company's stock valued at $4,471,000 after acquiring an additional 25,350 shares during the period. Barclays PLC increased its position in Freedom by 219.1% in the 4th quarter. Barclays PLC now owns 13,224 shares of the company's stock valued at $1,728,000 after acquiring an additional 9,080 shares during the period. Quantbot Technologies LP increased its position in Freedom by 828.2% in the 4th quarter. Quantbot Technologies LP now owns 6,228 shares of the company's stock valued at $814,000 after acquiring an additional 5,557 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Freedom in the 4th quarter valued at approximately $497,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.
Freedom Price Performance
NASDAQ FRHC traded down $1.73 on Thursday, reaching $164.97. 154,580 shares of the stock traded hands, compared to its average volume of 89,123. The firm's fifty day simple moving average is $144.72 and its 200 day simple moving average is $137.62. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.40. The company has a market cap of $9.67 billion, a price-to-earnings ratio of 30.95 and a beta of 1.14. Freedom Holding Corp. has a 12 month low of $71.88 and a 12 month high of $185.00.
Freedom Profile
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Free Report)
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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