Public Employees Retirement System of Ohio Takes Position in Freedom Holding Corp. $FRHC

Public Employees Retirement System of Ohio bought a new position in Freedom Holding Corp. (NASDAQ:FRHC) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,145 shares of the company’s stock, valued at approximately $671,000.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in Freedom by 290.6% during the fourth 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. Parallel Advisors LLC increased its stake in shares of Freedom by 476.2% during the first quarter. Parallel Advisors LLC now owns 363 shares of the company’s stock valued at $53,000 after purchasing an additional 300 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Freedom by 111.7% during the fourth quarter. Wells Fargo & Company MN now owns 506 shares of the company’s stock valued at $62,000 after purchasing an additional 267 shares during the last quarter. CoreCap Advisors LLC purchased a new position in shares of Freedom during the second quarter valued at approximately $78,000. Finally, Royal Bank of Canada boosted its position in shares of Freedom by 67.2% in the 1st quarter. Royal Bank of Canada now owns 587 shares of the company’s stock worth $85,000 after purchasing an additional 236 shares in the last quarter. 1.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on FRHC. Wedbush set a $180.00 price target on Freedom in a research note on Thursday, August 6th. Weiss Ratings cut Freedom from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, August 27th. KeyCorp reissued a “market perform” rating on shares of Freedom in a research note on Friday, June 5th. Finally, HC Wainwright restated a “buy” rating on shares of Freedom in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Freedom currently has a consensus rating of “Hold” and an average price target of $159.00.

Freedom Trading Up 0.3%

NASDAQ:FRHC opened at $162.43 on Thursday. The company’s 50 day moving average price is $158.20 and its 200-day moving average price is $147.68. Freedom Holding Corp. has a 52 week low of $107.97 and a 52 week high of $177.15. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.36 billion, a price-to-earnings ratio of 64.20 and a beta of 0.69.

Freedom (NASDAQ:FRHC) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). The firm had revenue of $554.96 million during the quarter, compared to analysts’ expectations of $124.14 million. Freedom had a return on equity of 10.96% and a net margin of 6.47%.

Insider Transactions at Freedom

In other Freedom news, Director Andrew Gamble sold 357 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $141.04, for a total value of $50,351.28. Following the completion of the transaction, the director owned 677 shares of the company’s stock, valued at approximately $95,484.08. The trade was a 34.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Valeriy Kim sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $169.31, for a total transaction of $846,550.00. Following the transaction, the chief financial officer owned 47,400 shares in the company, valued at $8,025,294. This represents a 9.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,157 shares of company stock worth $1,150,377 over the last quarter. 69.80% of the stock is currently owned by insiders.

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.