Freedom Holding Corp. (NASDAQ:FRHC) Shares Purchased by State Street Corp

State Street Corp raised its holdings in Freedom Holding Corp. (NASDAQ:FRHC - Free Report) by 19.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,155 shares of the company's stock after acquiring an additional 7,207 shares during the period. State Street Corp owned approximately 0.07% of Freedom worth $4,279,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in Freedom by 15.6% during the third quarter. Handelsbanken Fonder AB now owns 3,700 shares of the company's stock worth $351,000 after purchasing an additional 500 shares during the period. Algert Global LLC increased its holdings in shares of Freedom by 44.0% during the 2nd quarter. Algert Global LLC now owns 5,905 shares of the company's stock worth $445,000 after buying an additional 1,805 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Freedom during the 3rd quarter valued at approximately $213,000. Verition Fund Management LLC acquired a new position in Freedom in the third quarter valued at approximately $400,000. Finally, Quest Partners LLC grew its position in Freedom by 901.9% in the second quarter. Quest Partners LLC now owns 5,390 shares of the company's stock worth $406,000 after acquiring an additional 4,852 shares during the period. 1.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Freedom news, CEO Robert Wotczak sold 650 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $117.80, for a total transaction of $76,570.00. Following the transaction, the chief executive officer now directly owns 72,000 shares in the company, valued at $8,481,600. This represents a 0.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kairat Bakibayevich Akhmetov sold 600 shares of Freedom stock in a transaction on Friday, November 29th. The shares were sold at an average price of $119.80, for a total value of $71,880.00. Following the completion of the sale, the insider now directly owns 139,400 shares of the company's stock, valued at $16,700,120. The trade was a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,271 shares of company stock valued at $1,922,417. 70.40% of the stock is currently owned by insiders.

Freedom Trading Up 0.9 %

FRHC stock traded up $1.22 during midday trading on Monday, hitting $130.96. 64,414 shares of the company's stock were exchanged, compared to its average volume of 74,423. Freedom Holding Corp. has a 1-year low of $64.00 and a 1-year high of $134.00. The business has a 50-day simple moving average of $118.98 and a two-hundred day simple moving average of $98.73. The stock has a market capitalization of $7.94 billion, a PE ratio of 23.10 and a beta of 1.02. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.24.

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.