Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 1-Year High – Should You Buy?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) shares reached a new 52-week high on Wednesday . The stock traded as high as $101.21 and last traded at $100.5990, with a volume of 189415 shares. The stock had previously closed at $98.09.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Susquehanna boosted their target price on shares of 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. Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday, August 7th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $101.00.

Joint Stock Company Kaspi.kz Trading Up 2.9%

The stock has a market capitalization of $19.18 billion, a PE ratio of 9.19 and a beta of 0.97. The stock’s fifty day simple moving average is $88.63 and its 200-day simple moving average is $82.74.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, August 18th. Investors of record on Thursday, September 10th were issued a dividend of $2.149 per share. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. The ex-dividend date was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio is presently 63.48%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after buying an additional 815,509 shares in the last quarter. Russell Investments Group Ltd. increased 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 valued at $14,557,000 after acquiring an additional 32,820 shares during the last quarter. Public Employees Retirement System of Ohio increased 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 valued at $13,057,000 after acquiring an additional 23,500 shares during the last quarter. Capricorn Fund Managers Ltd lifted its holdings in 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 worth $8,807,000 after acquiring an additional 101,900 shares during the period. Finally, Euro Pacific Asset Management LLC purchased a new position in Joint Stock Company Kaspi.kz in the first quarter worth $2,365,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

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.