Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Joint Stock Company Kaspi.kz presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Price Performance

KSPI stock opened at $89.82 on Wednesday. The business has a fifty day moving average price of $86.49 and a 200 day moving average price of $80.06. Joint Stock Company Kaspi.kz has a fifty-two week low of $68.59 and a fifty-two week high of $99.20. The stock has a market capitalization of $17.07 billion, a price-to-earnings ratio of 8.29 and a beta of 0.99.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 12th. Investors of record on Friday, June 12th were given a $1.7978 dividend. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. The ex-dividend date was Friday, June 12th. Joint Stock Company Kaspi.kz’s dividend payout ratio is presently 64.30%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its position in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after acquiring an additional 815,509 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Joint Stock Company Kaspi.kz in the fourth quarter worth about $306,000. North of South Capital LLP bought a new stake in Joint Stock Company Kaspi.kz during the 4th quarter worth about $1,425,000. Russell Investments Group Ltd. lifted its position in Joint Stock Company Kaspi.kz by 21.4% during the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after purchasing an additional 32,820 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after purchasing an additional 23,500 shares during the last quarter. 32.20% of the stock is owned by institutional investors and hedge funds.

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases.