10,922 Joint Stock Company Kaspi.kz Sponsored ADR $KSPI Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 7.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,144 shares of the company’s stock after selling 10,922 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.07% of Joint Stock Company Kaspi.kz worth $13,370,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KSPI. GAMMA Investing LLC bought a new stake in shares of Joint Stock Company Kaspi.kz in the second quarter worth about $41,000. EverSource Wealth Advisors LLC raised its position in Joint Stock Company Kaspi.kz by 2,683.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. FNY Investment Advisers LLC lifted its holdings in Joint Stock Company Kaspi.kz by 52.3% in the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock worth $68,000 after buying an additional 271 shares during the period. Ramsey Quantitative Systems purchased a new stake in Joint Stock Company Kaspi.kz in the 2nd quarter worth approximately $159,000. Finally, Euro Pacific Asset Management LLC purchased a new stake in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $2,365,000. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KSPI shares. Susquehanna lifted their price objective on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, 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 report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $107.50.

Joint Stock Company Kaspi.kz Price Performance

KSPI stock opened at $91.44 on Friday. Joint Stock Company Kaspi.kz Sponsored ADR has a 1 year low of $68.59 and a 1 year high of $109.94. The firm has a 50-day moving average of $96.38 and a 200 day moving average of $86.69. The company has a market cap of $17.38 billion, a P/E ratio of 8.69 and a beta of 1.07.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, September 10th were issued a dividend of $2.1490 per share. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.7977. The ex-dividend date was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 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.