Freedom Holding Corp. (NASDAQ:FRHC) Shares Acquired by Swiss National Bank

Swiss National Bank lifted its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 35,900 shares of the company’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank owned 0.06% of Freedom worth $4,692,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. grew its position in Freedom by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,863 shares of the company’s stock worth $840,000 after purchasing an additional 124 shares during the period. 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 worth $575,000 after acquiring an additional 700 shares during the period. Geode Capital Management LLC raised its position in Freedom by 1.5% during the third quarter. Geode Capital Management LLC now owns 53,338 shares of the company’s stock valued at $5,054,000 after acquiring an additional 811 shares in the last quarter. Jane Street Group LLC acquired a new position in Freedom in the third quarter valued at approximately $206,000. Finally, Victory Capital Management Inc. purchased a new stake in Freedom in the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Insider Buying and Selling

In related news, insider Sergey Lukyanov sold 2,901 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $160.29, for a total transaction of $465,001.29. Following the completion of the transaction, the insider now owns 124,800 shares in the company, valued at $20,004,192. This represents a 2.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Evgeny Ler sold 15,114 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $157.37, for a total transaction of $2,378,490.18. Following the completion of the transaction, the chief financial officer now directly owns 38,794 shares in the company, valued at $6,105,011.78. This represents a 28.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,973 shares of company stock valued at $4,883,489. 70.40% of the stock is owned by company insiders.

Freedom Price Performance

NASDAQ:FRHC opened at $138.96 on Tuesday. 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 company has a 50 day moving average price of $141.42 and a 200-day moving average price of $123.02. Freedom Holding Corp. has a 1-year low of $64.00 and a 1-year high of $164.82. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 26.07 and a beta of 1.07.

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

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.