Sumitomo Mitsui Trust Group Inc. Sells 112,374 Shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 24.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,041 shares of the company’s stock after selling 112,374 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.17% of Joint Stock Company Kaspi.kz worth $36,253,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Driehaus Capital Management LLC grew its stake in Joint Stock Company Kaspi.kz by 6.8% in the 2nd quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company’s stock valued at $2,840,000 after buying an additional 1,400 shares during the last quarter. Renaissance Capital LLC boosted its holdings in shares of Joint Stock Company Kaspi.kz by 36.5% during the second quarter. Renaissance Capital LLC now owns 10,230 shares of the company’s stock worth $1,320,000 after acquiring an additional 2,738 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Joint Stock Company Kaspi.kz by 39.0% in the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company’s stock valued at $492,799,000 after purchasing an additional 1,305,625 shares during the last quarter. 0.09% of the stock is owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Stock Down 0.2 %

NASDAQ KSPI opened at $109.98 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average of $110.41 and a 200-day moving average of $120.76. Joint Stock Company Kaspi.kz has a 1-year low of $85.02 and a 1-year high of $143.72.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.31). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, equities research analysts expect that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The company also recently disclosed a dividend, which was paid on Saturday, November 16th. Investors of record on Wednesday, November 20th were given a dividend of $1.7565 per share. The ex-dividend date of this dividend was Wednesday, November 20th.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KSPI. JPMorgan Chase & Co. boosted their price target on Joint Stock Company Kaspi.kz from $159.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Citigroup began coverage on Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They set a “buy” rating and a $140.00 target price for the company. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $156.40.

Joint Stock Company Kaspi.kz Company 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.