9,228 Shares in Freedom Holding Corp. $FRHC Bought by Franklin Resources Inc.

Franklin Resources Inc. acquired a new stake in Freedom Holding Corp. (NASDAQ:FRHC) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,228 shares of the company’s stock, valued at approximately $1,348,000.

A number of other large investors have also modified their holdings of the company. Twin Tree Management LP acquired a new stake in shares of Freedom during the 1st quarter valued at about $29,000. Signaturefd LLC raised its holdings in Freedom by 23.8% in the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock worth $59,000 after purchasing an additional 78 shares during the period. Amalgamated Bank purchased a new position in Freedom during the second quarter worth approximately $211,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Freedom in the second quarter valued at approximately $215,000. Finally, Virtu Financial LLC purchased a new stake in shares of Freedom in the first quarter valued at approximately $219,000. Institutional investors and hedge funds own 1.26% of the company’s stock.

Freedom Stock Performance

Shares of NASDAQ:FRHC opened at $132.66 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.16 and a quick ratio of 1.16. Freedom Holding Corp. has a 1 year low of $111.85 and a 1 year high of $194.01. The firm has a market capitalization of $8.11 billion, a PE ratio of 2,211.00 and a beta of 0.91. The business’s 50 day moving average price is $150.31 and its 200-day moving average price is $159.18.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.63 earnings per share for the quarter. Freedom had a return on equity of 0.38% and a net margin of 0.23%.The company had revenue of $526.11 million for the quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on FRHC shares. Loop Capital set a $100.00 target price on Freedom in a research report on Thursday. Weiss Ratings cut shares of Freedom from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Freedom currently has a consensus rating of “Sell” and a consensus price target of $100.00.

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.