Shares of Freedom Holding Corp. (NASDAQ:FRHC) sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in Freedom Holding Corp. (NASDAQ:FRHC – Free Report) by 3.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,712 shares of the company's stock after selling 2,128 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Freedom worth $3,861,000, according to its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FRHC. Tower Research Capital LLC TRC increased its position in Freedom by 37,150.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 745 shares of the company's stock valued at $60,000 after purchasing an additional 743 shares during the period. Hsbc Holdings PLC increased its stake in shares of Freedom by 21.9% in the fourth quarter. Hsbc Holdings PLC now owns 48,357 shares of the company's stock valued at $3,945,000 after purchasing an additional 8,674 shares in the last quarter. Quest Partners LLC acquired a new position in Freedom in the fourth quarter valued at $79,000. Jump Financial LLC acquired a new position in Freedom in the 4th quarter valued at $311,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in Freedom by 21.6% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 30,169 shares of the company's stock valued at $2,432,000 after acquiring an additional 5,351 shares during the period. Hedge funds and other institutional investors own 1.26% of the company's stock.

Price development of Freedom shares

FRHC shares opened at $84.94 on Monday. The stock has a 50-day moving average of $80.58 and a 200-day moving average of $75.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.22 and a current ratio of 1.22. Freedom Holding Corp. has a 1-year low of $64.00 and a 1-year high of $102.40. The stock has a market cap of $5.15 billion, a P/E ratio of 13.46 and a beta of 1.02.

Freedom (NASDAQ:FRHC – Get Free Report) last released its quarterly earnings results on Friday, August 9. The company reported $0.57 earnings per share for the quarter. Freedom had a net margin of 22.97% and a return on equity of 38.06%. The company posted revenue of $450.72 million for the quarter.

Freedom Company Profile

(Free report)

Freedom Holding Corp., through its subsidiaries, provides securities brokerage, research, investment advisory, securities trading, market making, retail banking, commercial banking and underwriting services. The company provides retail brokerage services for exchange-traded and over-the-counter corporate stocks and bonds, money market instruments, exchange-traded options and futures contracts, government bonds and mutual funds; 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 auto loans, as well as Freedom Box, a package of payment processing services.

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