Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Hits New 1-Year High on Analyst Upgrade

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) hit a new 52-week high during mid-day trading on Wednesday after Susquehanna raised their price target on the stock from $95.00 to $100.00. Susquehanna currently has a neutral rating on the stock. Joint Stock Company Kaspi.kz traded as high as $99.52 and last traded at $99.25, with a volume of 706951 shares traded. The stock had previously closed at $95.36.

KSPI has been the topic of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. Zacks Research lowered Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $101.00.

Hedge Funds Weigh In On Joint Stock Company Kaspi.kz

Several institutional investors have recently added to or reduced their stakes in KSPI. EverSource Wealth Advisors LLC raised its position in 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 worth $37,000 after acquiring an additional 483 shares during the period. GAMMA Investing LLC bought a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at approximately $41,000. FNY Investment Advisers LLC grew its position in shares of Joint Stock Company Kaspi.kz by 52.3% during the 2nd quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after acquiring an additional 271 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of Joint Stock Company Kaspi.kz during the 2nd quarter worth approximately $159,000. Finally, Advisory Services Network LLC increased its stake 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 worth $296,000 after purchasing an additional 502 shares during the last quarter. Institutional investors own 32.20% of the company’s stock.

Joint Stock Company Kaspi.kz Trading Up 4.2%

The company has a market cap of $18.89 billion, a P/E ratio of 9.17 and a beta of 0.97. The business’s fifty day moving average is $86.90 and its 200 day moving average is $82.03.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, June 12th were given a $1.7978 dividend. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. The ex-dividend date of this dividend was Friday, June 12th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is 64.30%.

About Joint Stock Company Kaspi.kz

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.