Public Employees Retirement System of Ohio Makes New Investment in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Public Employees Retirement System of Ohio acquired a new position in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 85,124 shares of the company’s stock, valued at approximately $7,375,000.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Joint Stock Company Kaspi.kz by 2,683.3% in the first 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. GAMMA Investing LLC acquired a new stake in Joint Stock Company Kaspi.kz during the second quarter worth about $41,000. FNY Investment Advisers LLC increased its stake in 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 during the period. Ramsey Quantitative Systems acquired a new position in Joint Stock Company Kaspi.kz in the 2nd quarter valued at approximately $159,000. Finally, Advisory Services Network LLC raised its holdings in 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 valued at $296,000 after acquiring 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 Stock Down 1.0%

Shares of KSPI opened at $104.08 on Wednesday. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 9.48 and a beta of 1.02. Joint Stock Company Kaspi.kz Sponsored ADR has a 12 month low of $68.59 and a 12 month high of $109.94. The company has a 50-day moving average price of $93.22 and a two-hundred day moving average price of $84.82.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, September 1st. Investors of record on Thursday, September 10th were given a dividend of $2.149 per share. This is a boost from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. The ex-dividend date was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio is 63.48%.

Wall Street Analyst Weigh In

A number of analysts have commented on KSPI shares. Wolfe Research raised their price objective on Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Susquehanna upped their target price on Joint Stock Company Kaspi.kz from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Zacks Research cut Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $107.33.

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.