Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 52-Week High on Analyst Upgrade

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price hit a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at $105.55.

Several other analysts have also weighed in on the stock. Susquehanna lifted their target price 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. Weiss Ratings reissued a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday, August 7th. Finally, Zacks Research cut shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Joint Stock Company Kaspi.kz has a consensus rating of “Hold” and a consensus target price of $107.33.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors and hedge funds have recently made changes to their positions in KSPI. Ameriprise Financial Inc. increased its holdings 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 buying an additional 815,509 shares in the last quarter. Capricorn Fund Managers Ltd boosted its holdings in shares of Joint Stock Company Kaspi.kz by 599.4% in the 1st 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 in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $7,375,000. Russell Investments Group Ltd. grew 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 worth $14,557,000 after acquiring an additional 32,820 shares during the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new stake in Joint Stock Company Kaspi.kz during the 1st quarter valued at $2,365,000. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Trading Down 1.0%

The stock has a fifty day moving average of $91.46 and a two-hundred day moving average of $83.98. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 9.81 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, August 26th. Stockholders of record on Thursday, September 10th were issued a dividend of $2.149 per share. The ex-dividend date was Thursday, September 10th. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 76.41%.

Joint Stock Company Kaspi.kz Company Profile

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.