JPMorgan Chase & Co. Has $13.09 Million Stock Holdings in Freedom Holding Corp. $FRHC

JPMorgan Chase & Co. increased its position in Freedom Holding Corp. (NASDAQ:FRHC) by 188.6% during the third quarter, Holdings Channel reports. The firm owned 76,068 shares of the company’s stock after buying an additional 49,712 shares during the quarter. JPMorgan Chase & Co.’s holdings in Freedom were worth $13,094,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Geode Capital Management LLC raised its stake in Freedom by 198.5% in the second quarter. Geode Capital Management LLC now owns 159,904 shares of the company’s stock valued at $23,350,000 after buying an additional 106,338 shares during the period. Millennium Management LLC increased its holdings in shares of Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock worth $16,117,000 after acquiring an additional 105,641 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Freedom by 214.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock valued at $9,915,000 after acquiring an additional 51,159 shares during the period. Bank of America Corp DE raised its stake in Freedom by 71.8% in the 2nd quarter. Bank of America Corp DE now owns 48,513 shares of the company’s stock valued at $7,085,000 after acquiring an additional 20,275 shares during the period. Finally, Rhumbline Advisers acquired a new stake in Freedom during the 2nd quarter valued at $2,483,000. Institutional investors own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on FRHC shares. Loop Capital set a $138.00 price objective on shares of Freedom in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Freedom from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Freedom in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Freedom has an average rating of “Sell” and an average price target of $138.00.

Freedom Trading Up 2.9%

FRHC stock opened at $130.78 on Thursday. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $194.01. The company has a market capitalization of $8.00 billion, a PE ratio of 6,539.00 and a beta of 0.84. The company’s 50-day simple moving average is $123.94 and its 200 day simple moving average is $143.72. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.15 and a current ratio of 1.15.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings data on Monday, February 9th. The company reported $1.25 earnings per share for the quarter. Freedom had a net margin of 0.13% and a return on equity of 0.21%. The business had revenue of $628.62 million during the quarter.

Freedom Company Profile

Freedom Holding Corp (NASDAQ: FRHC) is a diversified financial services holding company that provides a broad range of brokerage, trading, investment banking, and asset management services. Through its subsidiaries, the company caters to retail, institutional, and corporate clients by offering access to global capital markets, equity and fixed-income trading, and research-driven investment strategies.

The firm’s product suite includes online and over-the-counter brokerage platforms, margin lending, securities underwriting, and M&A advisory services.