Joint Stock Company Kaspi.kz (NASDAQ:KSPI) Sees Large Volume Increase – What’s Next?

Shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) saw strong trading volume on Monday . 332,828 shares traded hands during mid-day trading, a decline of 32% from the previous session’s volume of 489,797 shares.The stock last traded at $96.2330 and had previously closed at $90.30.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KSPI. Zacks Research cut Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Joint Stock Company Kaspi.kz presently has an average rating of “Hold” and an average target price of $96.67.

Joint Stock Company Kaspi.kz Price Performance

The stock has a 50-day moving average price of $86.69 and a 200-day moving average price of $81.78. The company has a market capitalization of $18.05 billion, a price-to-earnings ratio of 8.76 and a beta of 0.97.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last posted its quarterly earnings results on Monday, August 10th. The company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.02). Joint Stock Company Kaspi.kz had a net margin of 24.89% and a return on equity of 43.80%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. Equities analysts forecast that Joint Stock Company Kaspi.kz Sponsored ADR will post 12.23 earnings per share for the current year.

Joint Stock Company Kaspi.kz Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, June 12th were issued a $1.7978 dividend. The ex-dividend date of this dividend was Friday, June 12th. This is an increase from Joint Stock Company Kaspi.kz’s previous dividend of $1.76. Joint Stock Company Kaspi.kz’s payout ratio is currently 64.30%.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its stake 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 buying an additional 815,509 shares in the last quarter. Capricorn Fund Managers Ltd lifted its holdings 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 acquiring an additional 101,900 shares during the period. Russell Investments Group Ltd. boosted its position 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 acquiring an additional 32,820 shares in the last quarter. Euro Pacific Asset Management LLC acquired a new stake in shares of Joint Stock Company Kaspi.kz during the 1st quarter worth approximately $2,365,000. Finally, Public Employees Retirement System of Ohio increased 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 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.