Sumitomo Mitsui Trust Group Inc. Reduces Holdings in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Free Report) by 24.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,041 shares of the company's stock after selling 112,374 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.17% of Joint Stock Company Kaspi.kz worth $36,253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baillie Gifford & Co. lifted its holdings in shares of Joint Stock Company Kaspi.kz by 39.0% during the third quarter. Baillie Gifford & Co. now owns 4,649,484 shares of the company's stock worth $492,799,000 after purchasing an additional 1,305,625 shares during the period. Renaissance Capital LLC raised its position in Joint Stock Company Kaspi.kz by 839.0% during the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company's stock valued at $10,181,000 after acquiring an additional 85,828 shares in the last quarter. Finally, Driehaus Capital Management LLC raised its position in Joint Stock Company Kaspi.kz by 6.8% during the second quarter. Driehaus Capital Management LLC now owns 22,011 shares of the company's stock valued at $2,840,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KSPI shares. Citigroup started coverage on Joint Stock Company Kaspi.kz in a research report on Monday, November 4th. They set a "buy" rating and a $140.00 price target for the company. JPMorgan Chase & Co. lifted 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 report on Tuesday, August 20th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $156.40.

Joint Stock Company Kaspi.kz Stock Performance

Shares of Joint Stock Company Kaspi.kz stock traded down $0.26 on Friday, reaching $109.98. The company's stock had a trading volume of 128,374 shares, compared to its average volume of 216,364. Joint Stock Company Kaspi.kz has a 52-week low of $85.02 and a 52-week high of $143.72. The stock has a 50-day moving average price of $110.41 and a 200-day moving average price of $120.76. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.04.

Joint Stock Company Kaspi.kz (NASDAQ:KSPI - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $2.53 EPS for the quarter, missing analysts' consensus estimates of $2.84 by ($0.31). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, sell-side analysts predict that Joint Stock Company Kaspi.kz will post 10.98 EPS for the current year.

Joint Stock Company Kaspi.kz Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Sunday, November 17th. Stockholders of record on Wednesday, November 20th will be given a $1.7565 dividend. The ex-dividend date is Wednesday, November 20th.

About Joint Stock Company Kaspi.kz

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.