Public Employees Retirement System of Ohio Invests $7.38 Million in Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Public Employees Retirement System of Ohio purchased a new stake in shares of Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 85,124 shares of the company’s stock, valued at approximately $7,375,000.

Other large investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position 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 during the last quarter. Capricorn Fund Managers Ltd boosted its stake 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 in the last quarter. Russell Investments Group Ltd. boosted its stake 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 position in shares of Joint Stock Company Kaspi.kz during the 1st quarter valued at about $2,365,000. Finally, North of South Capital LLP bought a new position in shares of Joint Stock Company Kaspi.kz in the 4th quarter valued at approximately $1,425,000. 32.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Joint Stock Company Kaspi.kz in a research report on Friday, August 7th. Wolfe Research boosted their price objective on shares of Joint Stock Company Kaspi.kz from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Susquehanna upped their price objective 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. Finally, Zacks Research lowered shares of Joint Stock Company Kaspi.kz from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Joint Stock Company Kaspi.kz currently has a consensus rating of “Hold” and an average price target of $107.33.

Joint Stock Company Kaspi.kz Stock Down 1.0%

Shares of NASDAQ:KSPI opened at $104.08 on Wednesday. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 9.48 and a beta of 1.02. The business has a 50 day moving average price of $93.22 and a 200 day moving average price of $84.82. Joint Stock Company Kaspi.kz Sponsored ADR has a twelve month low of $68.59 and a twelve month high of $109.94.

Joint Stock Company Kaspi.kz Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, September 1st. Stockholders of record on Thursday, September 10th were given a $2.149 dividend. This is a positive change from Joint Stock Company Kaspi.kz’s previous dividend of $1.80. The ex-dividend date of this dividend was Thursday, September 10th. Joint Stock Company Kaspi.kz’s dividend payout ratio (DPR) is currently 63.48%.

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.