Sumitomo Mitsui Trust Group Inc. Lowers Stock Holdings in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 299,625 shares of the company’s stock after selling 14,367 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.15% of Joint Stock Company Kaspi.kz worth $25,435,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in Joint Stock Company Kaspi.kz in the 1st quarter worth approximately $110,000. Renaissance Capital LLC raised its stake in Joint Stock Company Kaspi.kz by 6.7% during the 2nd quarter. Renaissance Capital LLC now owns 65,635 shares of the company’s stock valued at $5,572,000 after buying an additional 4,111 shares during the last quarter. Driehaus Capital Management LLC raised its stake in Joint Stock Company Kaspi.kz by 24.8% during the 1st quarter. Driehaus Capital Management LLC now owns 40,075 shares of the company’s stock valued at $3,721,000 after buying an additional 7,951 shares during the last quarter. Flossbach Von Storch SE raised its stake in Joint Stock Company Kaspi.kz by 66.7% during the 1st quarter. Flossbach Von Storch SE now owns 25,000 shares of the company’s stock valued at $2,321,000 after buying an additional 10,000 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Joint Stock Company Kaspi.kz by 9.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,485 shares of the company’s stock valued at $12,520,000 after acquiring an additional 13,113 shares during the period. 32.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KSPI has been the subject of a number of recent research reports. The Goldman Sachs Group raised shares of Joint Stock Company Kaspi.kz from a “neutral” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $96.00 target price on shares of Joint Stock Company Kaspi.kz in a report on Wednesday, August 20th. Weiss Ratings raised shares of Joint Stock Company Kaspi.kz from a “sell (d+)” rating to a “hold (c-)” rating in a report on Saturday. Finally, Zacks Research raised shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.25.

Joint Stock Company Kaspi.kz Stock Performance

Joint Stock Company Kaspi.kz stock opened at $74.97 on Wednesday. The firm has a market capitalization of $14.96 billion, a P/E ratio of 6.88 and a beta of 0.95. The company’s 50-day moving average is $83.22 and its 200 day moving average is $84.89. Joint Stock Company Kaspi.kz Sponsored ADR has a 1-year low of $72.22 and a 1-year high of $116.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.01 and a quick ratio of 1.01.

Joint Stock Company Kaspi.kz Profile

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants.