Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Reaches New 52-Week High – Here’s What Happened

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $101.21 and last traded at $100.5990, with a volume of 189415 shares changing hands. The stock had previously closed at $98.09.

Analysts Set New Price Targets

A number of equities analysts have recently commented on KSPI shares. Susquehanna lifted their price target on shares of Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a report on Friday, August 7th. Finally, Zacks Research downgraded shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.00.

Joint Stock Company Kaspi.kz Trading Up 2.9%

The company has a 50-day moving average price of $88.63 and a two-hundred day moving average price of $82.74. The stock has a market capitalization of $19.18 billion, a P/E ratio of 9.19 and a beta of 0.97.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, August 18th. Shareholders of record on Thursday, September 10th were issued a $2.149 dividend. The ex-dividend date was Thursday, September 10th. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. Joint Stock Company Kaspi.kz’s dividend payout ratio is presently 63.48%.

Institutional Trading of Joint Stock Company Kaspi.kz

Several large investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in shares of Joint Stock Company Kaspi.kz during the 2nd quarter valued at $41,000. EverSource Wealth Advisors LLC grew its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 483 shares during the period. FNY Investment Advisers LLC increased its holdings in shares of Joint Stock Company Kaspi.kz by 52.3% during the second quarter. FNY Investment Advisers LLC now owns 789 shares of the company’s stock valued at $68,000 after acquiring an additional 271 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in shares of Joint Stock Company Kaspi.kz during the second quarter worth approximately $159,000. Finally, Advisory Services Network LLC lifted its holdings in shares of Joint Stock Company Kaspi.kz by 15.3% in 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 in the last quarter. Institutional investors and hedge funds own 32.20% of the company’s stock.

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.