Sumitomo Mitsui Trust Group Inc. Raises Stake in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,992 shares of the company's stock after buying an additional 24,616 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.16% of Joint Stock Company Kaspi.kz worth $29,154,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in KSPI. Marshall Wace LLP lifted its position in Joint Stock Company Kaspi.kz by 1,095.0% during the fourth quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock valued at $11,862,000 after purchasing an additional 114,761 shares during the last quarter. Abacus FCF Advisors LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at about $684,000. Finally, Geode Capital Management LLC grew its position in Joint Stock Company Kaspi.kz by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock worth $15,859,000 after acquiring an additional 1,440 shares in the last quarter. Hedge funds and other institutional investors own 32.20% of the company's stock.

Analysts Set New Price Targets

Separately, Susquehanna decreased their price objective on Joint Stock Company Kaspi.kz from $140.00 to $130.00 and set a "positive" rating on the stock in a research report on Tuesday, May 13th.

Joint Stock Company Kaspi.kz Trading Up 0.4%

Shares of KSPI traded up $0.37 during midday trading on Friday, hitting $84.75. The stock had a trading volume of 119,258 shares, compared to its average volume of 297,414. The stock's 50 day moving average is $84.77 and its 200 day moving average is $91.80. The firm has a market cap of $16.91 billion, a PE ratio of 8.13 and a beta of 1.08. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 0.97. Joint Stock Company Kaspi.kz Sponsored ADR has a 1 year low of $77.80 and a 1 year high of $143.72.

Joint Stock Company Kaspi.kz Profile

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.