Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Stock Price Up 4.7% - Here's Why

Key Points

• Kaspi.kz shares rose 4.7% to approximately $97.41, with trading volume 32% below the average daily level. The company has an $18.45 billion market capitalization and a price-to-earnings ratio of 8.85.
• Analyst sentiment remains cautious, with one Buy rating and three Hold ratings, producing a consensus rating of Hold and an average price target of $107.50. Wolfe Research raised its target to $115, while Susquehanna increased its target to $100.
• Kaspi.kz increased its dividend to $2.1490 per share from $1.7977, resulting in a dividend payout ratio of 78.05%. Institutional investors own 32.20% of the company.

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI - Get Free Report) traded up 4.7% on Monday. The stock traded as high as $97.21 and last traded at $97.4070. 354,196 shares changed hands during trading, a decline of 32% from the average daily volume of 519,662 shares. The stock had previously closed at $92.99.

Wall Street Analyst Weigh In

KSPI has been the subject of several research reports. Wolfe Research lifted their target price on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the company an "outperform" rating in a report on Tuesday, August 25th. Zacks Research cut Joint Stock Company Kaspi.kz from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 30th. Susquehanna boosted their price objective on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $107.50.

Joint Stock Company Kaspi.kz Trading Up 4.4%

The stock has a market cap of $18.45 billion, a PE ratio of 8.85 and a beta of 1.06. The business has a 50 day moving average of $98.69 and a 200-day moving average of $89.70.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, September 10th were issued a $2.1490 dividend. The ex-dividend date was Thursday, September 10th. This is a boost from Joint Stock Company Kaspi.kz's previous dividend of $1.7977. Joint Stock Company Kaspi.kz's dividend payout ratio (DPR) is currently 78.05%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

A number of institutional investors have recently modified their holdings of KSPI. EverSource Wealth Advisors LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the first quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company's stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the second quarter worth about $41,000. FNY Investment Advisers LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 52.3% during the second 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. Ramsey Quantitative Systems acquired a new position in shares of Joint Stock Company Kaspi.kz during the second quarter valued at about $159,000. Finally, Euro Pacific Asset Management LLC acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $2,365,000. 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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