JPMorgan Chase & Co. Increases Holdings in Freedom Holding Corp. (NASDAQ:FRHC)

JPMorgan Chase & Co. raised its holdings in shares of Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 286.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,213 shares of the company's stock after purchasing an additional 25,350 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of Freedom worth $4,471,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC purchased a new position in shares of Freedom during the 3rd quarter valued at about $206,000. Barclays PLC raised its stake in Freedom by 1,263.2% during 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Freedom during the 4th quarter valued at approximately $497,000. AlphaQuest LLC lifted its position in Freedom by 119.0% in the fourth quarter. AlphaQuest LLC now owns 4,154 shares of the company's stock worth $543,000 after buying an additional 2,257 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Freedom by 18.9% during the fourth quarter. Handelsbanken Fonder AB now owns 4,400 shares of the company's stock worth $575,000 after buying an additional 700 shares during the period. Institutional investors own 1.26% of the company's stock.

Insiders Place Their Bets

In related news, CEO Robert Wotczak sold 11,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $156.88, for a total value 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 $9,255,920. This represents a 15.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Evgeny Ler sold 15,114 shares of Freedom stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $157.37, for a total value of $2,378,490.18. Following the sale, the chief financial officer now directly owns 38,794 shares of the company's stock, valued at approximately $6,105,011.78. This represents a 28.04 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,973 shares of company stock valued at $4,883,489. 70.40% of the stock is currently owned by corporate insiders.

Freedom Trading Down 1.9 %

Shares of NASDAQ:FRHC traded down $2.43 during trading hours on Monday, hitting $126.62. 43,633 shares of the company's stock traded hands, compared to its average volume of 83,223. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.28 and a quick ratio of 1.28. The business has a fifty day moving average price of $135.65 and a 200-day moving average price of $127.82. Freedom Holding Corp. has a 1 year low of $64.00 and a 1 year high of $164.82. The firm has a market capitalization of $7.42 billion, a P/E ratio of 23.76 and a beta of 1.10.

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

About Freedom

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.