Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year High on Analyst Upgrade

Key Points

• Kaspi.kz shares reached a new 52-week high of $99.52 after Susquehanna lifted its price target from $95 to $100, though the firm maintained a neutral rating.
• Analyst sentiment remains cautious, with one Buy rating and four Holds; the consensus rating is Hold with a $101 average price target.
• Institutional ownership stands at 32.2%, while Kaspi.kz increased its dividend to $1.7978 per share, bringing its payout ratio to 64.3%.

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday after Susquehanna raised their price target on the stock from $95.00 to $100.00. Susquehanna currently has a neutral rating on the stock. Joint Stock Company Kaspi.kz traded as high as $99.52 and last traded at $99.25, with a volume of 706951 shares changing hands. The stock had previously closed at $95.36.

A number of other equities analysts have also weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of "Hold" and a consensus target price of $101.00.

Institutional Trading of Joint Stock Company Kaspi.kz

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

Joint Stock Company Kaspi.kz Stock Performance

The firm has a 50 day simple moving average of $86.90 and a two-hundred day simple moving average of $82.03. The firm has a market capitalization of $18.89 billion, a P/E ratio of 9.17 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, June 12th were issued a $1.7978 dividend. This is an increase from Joint Stock Company Kaspi.kz's previous dividend of $1.76. The ex-dividend date was Friday, June 12th. Joint Stock Company Kaspi.kz's dividend payout ratio is currently 64.30%.

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.

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