KBC Group NV Has $72,000 Holdings in Freedom Holding Corp. $FRHC

KBC Group NV trimmed its position in shares of Freedom Holding Corp. (NASDAQ:FRHC) by 90.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 499 shares of the company’s stock after selling 4,718 shares during the quarter. KBC Group NV’s holdings in Freedom were worth $72,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Freedom by 290.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 207 shares of the company’s stock worth $25,000 after acquiring an additional 154 shares in the last quarter. Wells Fargo & Company MN grew its position in Freedom by 111.7% during the 4th quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock worth $62,000 after acquiring an additional 267 shares during the last quarter. Barclays PLC increased its holdings in Freedom by 600.8% during the 4th quarter. Barclays PLC now owns 904 shares of the company’s stock valued at $110,000 after purchasing an additional 775 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in Freedom by 18.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,406 shares of the company’s stock valued at $171,000 after purchasing an additional 216 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Freedom by 10.3% in the 1st quarter. SG Americas Securities LLC now owns 1,274 shares of the company’s stock valued at $185,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 1.26% of the company’s stock.

Insiders Place Their Bets

In other news, CTO Renat Tukanov sold 1,800 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $140.82, for a total value of $253,476.00. Following the transaction, the chief technology officer owned 10,200 shares of the company’s stock, valued at approximately $1,436,364. This trade represents a 15.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Gamble sold 357 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $141.04, for a total transaction of $50,351.28. Following the completion of the transaction, the director directly owned 677 shares in the company, valued at $95,484.08. This trade represents a 34.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 18,957 shares of company stock valued at $2,915,891. 70.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FRHC. KeyCorp restated a “market perform” rating on shares of Freedom in a report on Friday, June 5th. Weiss Ratings raised Freedom from a “sell (d+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. Finally, HC Wainwright reiterated a “buy” rating on shares of Freedom in a research report on Monday, July 20th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $138.00.

Freedom Stock Up 3.4%

NASDAQ FRHC opened at $156.21 on Tuesday. The stock has a market capitalization of $9.57 billion, a P/E ratio of 62.24 and a beta of 0.68. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $194.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a fifty day moving average of $147.65 and a 200-day moving average of $139.68.

Freedom (NASDAQ:FRHC) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.74). The firm had revenue of $486.15 million for the quarter, compared to analyst estimates of $124.14 million. Freedom had a net margin of 7.00% and a return on equity of 11.50%.

Freedom 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.