Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI – Get Free Report) was up 4.7% during trading on Monday. The company traded as high as $97.21 and last traded at $97.4070. Approximately 354,196 shares were traded during trading, a decline of 32% from the average daily volume of 519,662 shares. The stock had previously closed at $92.99.
Analysts Set New Price Targets
A number of research firms have issued reports on KSPI. Zacks Research downgraded shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Wolfe Research raised their price target on Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Susquehanna increased their target price on 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, 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. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Joint Stock Company Kaspi.kz currently has an average rating of “Hold” and a consensus target price of $107.50.
Read Our Latest Stock Report on Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz Stock Performance
Joint Stock Company Kaspi.kz Increases Dividend
The business also recently declared a dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, September 10th were issued a dividend of $2.1490 per share. This is a boost 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 78.05%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $7,375,000. Ramsey Quantitative Systems purchased a new stake in shares of Joint Stock Company Kaspi.kz in the second quarter worth about $159,000. FNY Investment Advisers LLC increased its holdings in shares of 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 last quarter. GAMMA Investing LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the second quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% during the first quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 483 shares during the period. Institutional investors own 32.20% of the company’s stock.
About Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz is a Kazakhstan-based technology and financial services company that operates a consumer-focused digital ecosystem. Through its Kaspi.kz super app, the company brings together payments, shopping and financial services in a single platform serving consumers and merchants.
Its payment products include peer-to-peer transfers, bill payments, mobile and online payments, QR payments and digital banking services. The company also offers products such as payment cards, deposits and consumer lending, while its marketplace connects customers with merchants offering a broad range of goods and services.
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