Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Price Target Raised to $115.00

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) had its target price upped by Wolfe Research from $110.00 to $115.00 in a research report report published on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages have also issued reports on KSPI. Susquehanna increased their price objective on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Zacks Research downgraded Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and a consensus price target of $107.33.

Joint Stock Company Kaspi.kz Trading Down 2.5%

Shares of NASDAQ:KSPI opened at $105.01 on Tuesday. The firm’s 50 day moving average is $91.92 and its two-hundred day moving average is $84.20. Joint Stock Company Kaspi.kz has a 52 week low of $68.59 and a 52 week high of $109.94. The firm has a market capitalization of $19.96 billion, a P/E ratio of 9.56 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, September 10th were paid a $2.149 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 63.48%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KSPI. FNY Investment Advisers LLC raised its holdings in 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 purchasing an additional 271 shares in the last quarter. GAMMA Investing LLC bought a new position in Joint Stock Company Kaspi.kz during the 2nd quarter valued at $41,000. EverSource Wealth Advisors LLC boosted its stake in Joint Stock Company Kaspi.kz by 2,683.3% during the 1st 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. Advisory Services Network LLC increased its position in shares of Joint Stock Company Kaspi.kz by 15.3% during the 4th quarter. Advisory Services Network LLC now owns 3,787 shares of the company’s stock valued at $296,000 after purchasing an additional 502 shares during the period. Finally, Ramsey Quantitative Systems acquired a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at $159,000. Institutional investors and hedge funds own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Company Profile

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.