Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Shares Down 0.3% – Here’s Why

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) were down 0.3% during mid-day trading on Monday . The stock traded as low as $90.00 and last traded at $90.17. Approximately 260,782 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 450,392 shares. The stock had previously closed at $90.40.

Analyst Ratings Changes

A number of brokerages recently commented on KSPI. Weiss Ratings upgraded Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Susquehanna cut shares of Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research report on Monday, February 2nd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

The company has a 50 day moving average of $83.27 and a 200 day moving average of $78.52. The stock has a market capitalization of $17.14 billion, a price-to-earnings ratio of 8.32 and a beta of 0.99.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Sunday, February 15th. The company reported $2.84 earnings per share (EPS) for the quarter. Joint Stock Company Kaspi.kz had a return on equity of 43.80% and a net margin of 24.89%.The company had revenue of $2.26 billion for the quarter. As a group, research analysts expect that Joint Stock Company Kaspi.kz Sponsored ADR will post 12.23 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 16th were issued a $1.7595 dividend. The ex-dividend date of this dividend was Thursday, April 16th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is 16.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amova Asset Management Americas Inc. raised its holdings in shares of Joint Stock Company Kaspi.kz by 8.6% in the 3rd quarter. Amova Asset Management Americas Inc. now owns 323,903 shares of the company’s stock valued at $26,476,000 after purchasing an additional 25,594 shares in the last quarter. Capricorn Fund Managers Ltd grew its stake in shares of Joint Stock Company Kaspi.kz by 599.4% during the first quarter. Capricorn Fund Managers Ltd now owns 118,900 shares of the company’s stock worth $8,807,000 after purchasing an additional 101,900 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Joint Stock Company Kaspi.kz by 21.4% during the fourth quarter. Russell Investments Group Ltd. now owns 186,320 shares of the company’s stock worth $14,557,000 after purchasing an additional 32,820 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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 valued at $70,996,000 after buying an additional 815,509 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Joint Stock Company Kaspi.kz by 16.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock valued at $13,057,000 after buying an additional 23,500 shares during the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

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.