Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 12-Month High on Analyst Upgrade

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price hit a new 52-week high on Tuesday after Wolfe Research raised their price target on the stock from $110.00 to $115.00. Wolfe Research currently has an outperform rating on the stock. Joint Stock Company Kaspi.kz traded as high as $107.88 and last traded at $106.46, with a volume of 579333 shares traded. The stock had previously closed at $105.55.

A number of other equities research analysts also recently commented on the company. Zacks Research downgraded Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Susquehanna boosted their price objective on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Joint Stock Company Kaspi.kz currently has a consensus rating of “Hold” and an average target price of $107.33.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

A number of large investors have recently bought and sold shares of KSPI. Ameriprise Financial Inc. grew its position in Joint Stock Company Kaspi.kz by 1,518.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock valued at $70,996,000 after acquiring an additional 815,509 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Joint Stock Company Kaspi.kz by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock worth $14,557,000 after purchasing an additional 32,820 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Joint Stock Company Kaspi.kz by 16.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after purchasing an additional 23,500 shares during the last quarter. Capricorn Fund Managers Ltd boosted its stake in shares of Joint Stock Company Kaspi.kz by 599.4% during the first quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock valued at $8,807,000 after purchasing an additional 101,900 shares during the period. Finally, Euro Pacific Asset Management LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz during the first quarter valued at $2,365,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Price Performance

The stock’s fifty day moving average price is $91.46 and its 200 day moving average price is $83.98. The stock has a market capitalization of $20.46 billion, a P/E ratio of 9.81 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 26th. Shareholders of record on Thursday, September 10th were given a $2.149 dividend. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. The ex-dividend date of this dividend was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio is presently 63.48%.

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.