State Street Corp Buys 7,207 Shares of Freedom Holding Corp. (NASDAQ:FRHC)

State Street Corp grew its stake in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 19.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,155 shares of the company’s stock after acquiring an additional 7,207 shares during the period. State Street Corp owned about 0.07% of Freedom worth $4,279,000 at the end of the most recent quarter.

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

Freedom Trading Down 2.0 %

Freedom stock opened at $129.74 on Monday. The stock has a 50-day moving average price of $118.98 and a 200 day moving average price of $98.73. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 22.88 and a beta of 1.02. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.24. Freedom Holding Corp. has a 52 week low of $64.00 and a 52 week high of $134.00.

Insiders Place Their Bets

In other news, CEO Robert Wotczak sold 2,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $117.60, for a total transaction of $235,200.00. Following the completion of the sale, the chief executive officer now owns 70,000 shares of the company’s stock, valued at $8,232,000. This represents a 2.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Azamat Yerdessov sold 7,521 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $116.52, for a total value of $876,346.92. Following the sale, the insider now directly owns 90,817 shares of the company’s stock, valued at approximately $10,581,996.84. This trade represents a 7.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,271 shares of company stock valued at $1,922,417. Company insiders own 70.40% of the company’s stock.

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.