Franklin Resources Inc. Makes New Investment in Freedom Holding Corp. $FRHC

Franklin Resources Inc. bought a new stake in Freedom Holding Corp. (NASDAQ:FRHC) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,228 shares of the company’s stock, valued at approximately $1,348,000.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC boosted its position in shares of Freedom by 23.8% during the 2nd quarter. Signaturefd LLC now owns 406 shares of the company’s stock valued at $59,000 after acquiring an additional 78 shares during the last quarter. Teacher Retirement System of Texas raised its stake in Freedom by 3.9% during the second quarter. Teacher Retirement System of Texas now owns 2,761 shares of the company’s stock worth $403,000 after purchasing an additional 103 shares during the period. Twin Tree Management LP purchased a new position in Freedom during the first quarter worth about $29,000. Amalgamated Bank acquired a new position in Freedom in the 2nd quarter valued at about $211,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Freedom in the 2nd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 1.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Loop Capital set a $100.00 price target on shares of Freedom in a research report on Thursday. Weiss Ratings lowered shares of Freedom from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Freedom currently has a consensus rating of “Sell” and a consensus target price of $100.00.

Freedom Stock Performance

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. The company has a market cap of $8.11 billion, a P/E ratio of 2,211.00 and a beta of 0.91. The stock has a 50-day moving average of $150.31 and a two-hundred day moving average of $159.18. Freedom Holding Corp. has a 1-year low of $111.85 and a 1-year high of $194.01.

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

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.