JPMorgan Chase & Co. Grows Stake in Freedom Holding Corp. (NASDAQ:FRHC)

JPMorgan Chase & Co. boosted its position in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 286.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,213 shares of the company's stock after purchasing an additional 25,350 shares during the period. JPMorgan Chase & Co. owned about 0.06% of Freedom worth $4,471,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in Freedom in the 3rd quarter worth about $206,000. KLP Kapitalforvaltning AS bought a new stake in shares of Freedom in the 4th quarter worth approximately $497,000. Barclays PLC lifted its stake in Freedom by 1,263.2% in the third quarter. Barclays PLC now owns 4,144 shares of the company's stock valued at $393,000 after purchasing an additional 3,840 shares during the last quarter. AlphaQuest LLC grew its holdings in Freedom by 119.0% during the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock valued at $543,000 after purchasing an additional 2,257 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in Freedom by 18.9% during the fourth quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock valued at $575,000 after purchasing an additional 700 shares during the period. 1.26% of the stock is owned by institutional investors.

Freedom Stock Performance

NASDAQ FRHC traded up $4.51 on Thursday, hitting $141.83. 45,202 shares of the stock traded hands, compared to its average volume of 82,804. The business's fifty day moving average is $134.70 and its two-hundred day moving average is $127.93. Freedom Holding Corp. has a 12 month low of $66.12 and a 12 month high of $164.82. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 26.62 and a beta of 1.10. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.28 and a current ratio of 1.28.

Freedom (NASDAQ:FRHC - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The company reported $1.29 earnings per share (EPS) for the quarter. Freedom had a return on equity of 26.63% and a net margin of 14.99%.

Insider Activity

In other news, CEO Robert Wotczak sold 11,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total transaction of $1,725,680.00. Following the transaction, the chief executive officer now directly owns 59,000 shares of the company's stock, valued at approximately $9,255,920. This trade represents a 15.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sergey Lukyanov sold 2,901 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $160.29, for a total value of $465,001.29. Following the transaction, the insider now directly owns 124,800 shares in the company, valued at $20,004,192. This trade represents a 2.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,973 shares of company stock valued at $4,883,489. 70.40% of the stock is currently owned by insiders.

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.