Joint Stock Company Kaspi.kz Sponsored ADR $KSPI Stock: Sumitomo Mitsui Trust Group Inc. Decreases Stake

Sumitomo Mitsui Trust Group Inc. decreased its position in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,144 shares of the company’s stock after selling 10,922 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Joint Stock Company Kaspi.kz were worth $13,370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new stake in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at $7,375,000. Euro Pacific Asset Management LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz in the 1st quarter worth about $2,365,000. GAMMA Investing LLC purchased a new stake in shares of Joint Stock Company Kaspi.kz in the 2nd quarter worth about $41,000. EverSource Wealth Advisors LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 483 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Joint Stock Company Kaspi.kz in the 2nd quarter worth about $159,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Wall Street Analysts Forecast Growth

KSPI has been the subject of a number of recent research reports. Wolfe Research lifted their price target on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, August 25th. Weiss Ratings upgraded shares of Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Susquehanna upped their price objective on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $107.50.

Joint Stock Company Kaspi.kz Trading Down 4.2%

Shares of NASDAQ:KSPI opened at $91.44 on Friday. The stock has a fifty day simple moving average of $96.38 and a two-hundred day simple moving average of $86.69. The stock has a market capitalization of $17.38 billion, a price-to-earnings ratio of 8.69 and a beta of 1.07. Joint Stock Company Kaspi.kz Sponsored ADR has a 12-month low of $68.59 and a 12-month high of $109.94.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 10th. Investors of record on Thursday, September 10th were paid a $2.1490 dividend. The ex-dividend date was Thursday, September 10th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is presently 78.14%.

Joint Stock Company Kaspi.kz Company Profile

Joint Stock Company Kaspi.kz (NASDAQ: KSPI) is a Kazakhstan-based technology and financial services company operating a consumer-focused digital ecosystem. Its Kaspi.kz Super App brings together payments, shopping and financial products in a single platform used by consumers and merchants.

The company’s services include cashless payments, peer-to-peer transfers, bill payments, consumer financing, deposits and other banking products. Its marketplace connects consumers with merchants offering products across multiple categories, while Kaspi Pay provides businesses with payment acceptance, commerce tools and related financial services.

Kaspi.kz primarily serves customers and businesses in Kazakhstan.