Ameriprise Financial Inc. Has $18.44 Million Stock Position in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Ameriprise Financial Inc. lessened its stake in Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 194,678 shares of the company's stock after selling 16,732 shares during the quarter. Ameriprise Financial Inc. owned 0.10% of Joint Stock Company Kaspi.kz worth $18,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KSPI. Abacus FCF Advisors LLC purchased a new position in shares of Joint Stock Company Kaspi.kz during the 4th quarter valued at $684,000. Flossbach Von Storch SE grew 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 in the last quarter. Marshall Wace LLP increased its position in Joint Stock Company Kaspi.kz by 1,095.0% in the 4th quarter. Marshall Wace LLP now owns 125,241 shares of the company's stock worth $11,862,000 after purchasing an additional 114,761 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 0.9% during the 4th 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. Institutional investors and hedge funds own 32.20% of the company's stock.

Joint Stock Company Kaspi.kz Stock Up 2.5%

Joint Stock Company Kaspi.kz stock traded up $2.09 during mid-day trading on Monday, hitting $85.51. 272,995 shares of the company's stock were exchanged, compared to its average volume of 298,157. Joint Stock Company Kaspi.kz has a 1-year low of $77.80 and a 1-year high of $143.72. The stock has a 50 day moving average of $89.14 and a two-hundred day moving average of $97.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.06 billion, a P/E ratio of 8.25 and a beta of 1.48.

Analysts Set New Price Targets

Separately, Susquehanna cut their price objective on shares of 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 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.