KBC Group NV Grows Position in Freedom Holding Corp. $FRHC

KBC Group NV lifted its holdings in Freedom Holding Corp. (NASDAQ:FRHC) by 674.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,066 shares of the company’s stock after buying an additional 7,025 shares during the period. KBC Group NV’s holdings in Freedom were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC grew its stake in Freedom by 648.1% during the 1st quarter. Millennium Management LLC now owns 121,942 shares of the company’s stock valued at $16,117,000 after acquiring an additional 105,641 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Freedom by 214.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,018 shares of the company’s stock worth $9,915,000 after purchasing an additional 51,159 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Freedom by 11.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 37,068 shares of the company’s stock valued at $4,899,000 after purchasing an additional 3,771 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Freedom by 16.7% in the first quarter. Hsbc Holdings PLC now owns 28,391 shares of the company’s stock valued at $3,653,000 after purchasing an additional 4,054 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Freedom in the first quarter valued at approximately $2,480,000. 1.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Freedom in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Freedom Trading Up 2.3%

FRHC opened at $140.66 on Monday. The stock has a market capitalization of $8.60 billion, a PE ratio of 106.56 and a beta of 1.10. Freedom Holding Corp. has a one year low of $111.85 and a one year high of $194.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50 day moving average price is $160.25 and its 200 day moving average price is $161.81.

Freedom (NASDAQ:FRHC) last posted its earnings results on Friday, November 7th. The company reported $0.63 earnings per share (EPS) for the quarter. Freedom had a return on equity of 6.49% and a net margin of 3.78%.The company had revenue of $526.11 million during the quarter.

Freedom Company Profile

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.