Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 45.4% during the 1st quarter, HoldingsChannel reports. The firm owned 161,316 shares of the company’s stock after selling 134,153 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Joint Stock Company Kaspi.kz were worth $11,949,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KSPI. Ameriprise Financial Inc. lifted 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 buying an additional 815,509 shares in the last quarter. Capricorn Fund Managers Ltd raised its holdings 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 acquiring an additional 101,900 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Joint Stock Company Kaspi.kz by 21.4% in the 4th quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock valued at $14,557,000 after acquiring an additional 32,820 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Joint Stock Company Kaspi.kz by 16.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after acquiring an additional 23,500 shares during the last quarter. Finally, North of South Capital LLP purchased a new position in shares of Joint Stock Company Kaspi.kz during the 4th quarter worth approximately $1,425,000. Hedge funds and other institutional investors own 32.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on KSPI. Zacks Research raised Joint Stock Company Kaspi.kz from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Price Performance

KSPI opened at $89.19 on Wednesday. The business has a fifty day moving average price of $86.96 and a 200 day moving average price of $80.66. Joint Stock Company Kaspi.kz Sponsored ADR has a 12 month low of $68.59 and a 12 month high of $99.20. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 8.23 and a beta of 0.99.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 12th. Investors of record on Friday, June 12th were paid a dividend of $1.7978 per share. The ex-dividend date was Friday, June 12th. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is presently 64.30%.

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.