Public Employees Retirement System of Ohio Sells 86,486 Shares of Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Public Employees Retirement System of Ohio cut its holdings in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 51.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,639 shares of the company’s stock after selling 86,486 shares during the period. Public Employees Retirement System of Ohio’s holdings in Joint Stock Company Kaspi.kz were worth $5,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Euro Pacific Asset Management LLC acquired a new position in Joint Stock Company Kaspi.kz in the 1st quarter valued at approximately $2,365,000. Capricorn Fund Managers Ltd lifted its holdings 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 during the period. Ameriprise Financial Inc. lifted its holdings in shares of 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 purchasing an additional 815,509 shares during the period. SG Americas Securities LLC bought a new stake in shares of Joint Stock Company Kaspi.kz in the fourth quarter worth $306,000. Finally, Advisory Services Network LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 15.3% in the fourth 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. 32.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KSPI has been the subject of several analyst reports. 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 assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Moderate Buy” and an average target price of $96.67.

Joint Stock Company Kaspi.kz Stock Performance

Joint Stock Company Kaspi.kz stock opened at $86.68 on Wednesday. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 8.00 and a beta of 0.99. Joint Stock Company Kaspi.kz Sponsored ADR has a 52-week low of $68.59 and a 52-week high of $99.20. The firm has a 50 day moving average price of $86.93 and a two-hundred day moving average price of $81.21.

Joint Stock Company Kaspi.kz Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, June 12th were given a dividend of $1.7978 per share. This is a boost 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 dividend payout ratio is currently 64.30%.

Joint Stock Company Kaspi.kz 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.