Amova Asset Management Americas Inc. Decreases Stock Holdings in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Amova Asset Management Americas Inc. trimmed its position in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 45.4% during the first quarter, Holdings Channel reports. The firm owned 161,316 shares of the company’s stock after selling 134,153 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Joint Stock Company Kaspi.kz were worth $11,952,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. raised its stake in shares of Joint Stock Company Kaspi.kz by 1,518.9% during the 3rd 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 during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Joint Stock Company Kaspi.kz by 21.4% during the 4th 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. Public Employees Retirement System of Ohio increased its stake in shares of Joint Stock Company Kaspi.kz by 16.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 167,125 shares of the company’s stock worth $13,057,000 after purchasing an additional 23,500 shares in the last quarter. Capricorn Fund Managers Ltd raised its position in shares of Joint Stock Company Kaspi.kz by 599.4% during the 1st 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 during the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new position in shares of Joint Stock Company Kaspi.kz during the 1st quarter worth approximately $2,365,000. Institutional investors and hedge funds own 32.20% of the company’s stock.

Analyst Ratings Changes

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

Joint Stock Company Kaspi.kz Price Performance

Joint Stock Company Kaspi.kz stock opened at $88.15 on Tuesday. The stock has a market capitalization of $16.75 billion, a P/E ratio of 8.13 and a beta of 0.99. Joint Stock Company Kaspi.kz Sponsored ADR has a 12-month low of $68.59 and a 12-month high of $99.20. The firm’s 50-day moving average is $87.11 and its two-hundred day moving average is $80.92.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, June 12th were issued a dividend of $1.7978 per share. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. The ex-dividend date was Friday, June 12th. Joint Stock Company Kaspi.kz’s payout ratio is 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.