Ameriprise Financial Inc. Trims Position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Ameriprise Financial Inc. lowered its position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 7.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 194,678 shares of the company's stock after selling 16,732 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.10% of Joint Stock Company Kaspi.kz worth $18,438,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KSPI. Geode Capital Management LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 167,451 shares of the company's stock worth $15,859,000 after purchasing an additional 1,440 shares in the last quarter. Marshall Wace LLP boosted its holdings in Joint Stock Company Kaspi.kz by 1,095.0% in 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 in the last quarter. Flossbach Von Storch SE increased its stake in Joint Stock Company Kaspi.kz by 20.0% in the fourth quarter. Flossbach Von Storch SE now owns 15,000 shares of the company's stock valued at $1,421,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Abacus FCF Advisors LLC acquired a new stake in Joint Stock Company Kaspi.kz during the fourth quarter worth approximately $684,000. Institutional investors and hedge funds own 32.20% of the company's stock.

Analysts Set New Price Targets

Separately, Susquehanna cut their target price 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 Stock Performance

NASDAQ KSPI traded down $0.51 during trading hours on Wednesday, hitting $81.80. 36,928 shares of the stock were exchanged, compared to its average volume of 298,876. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average of $88.69 and a 200 day moving average of $97.32. The company has a market cap of $16.32 billion, a price-to-earnings ratio of 7.90 and a beta of 1.48. Joint Stock Company Kaspi.kz has a 12-month low of $77.80 and a 12-month high of $143.72.

Joint Stock Company Kaspi.kz Company 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.