Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Downgraded to Hold Rating by Zacks Research

Zacks Research downgraded shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a strong-buy rating to a hold rating in a research note published on Thursday,Zacks.com reports.

Separately, Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. 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 has an average rating of “Hold” and a consensus price target of $96.67.

Joint Stock Company Kaspi.kz Trading Down 0.3%

Shares of KSPI opened at $88.78 on Thursday. Joint Stock Company Kaspi.kz has a 1 year low of $68.59 and a 1 year high of $99.20. The stock has a market cap of $16.87 billion, a P/E ratio of 8.19 and a beta of 0.99. The stock’s 50-day moving average price is $86.74 and its two-hundred day moving average price is $81.33.

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 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 payout ratio is 64.30%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Euro Pacific Asset Management LLC bought a new position in shares of Joint Stock Company Kaspi.kz in the first quarter valued at $2,365,000. Capricorn Fund Managers Ltd increased its holdings in 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 buying an additional 101,900 shares during the last quarter. Ameriprise Financial Inc. raised its position in Joint Stock Company Kaspi.kz by 1,518.9% during the third quarter. Ameriprise Financial Inc. now owns 869,201 shares of the company’s stock worth $70,996,000 after acquiring an additional 815,509 shares in the last quarter. Russell Investments Group Ltd. raised its position in 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 acquiring an additional 32,820 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake 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 acquiring 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.