Citigroup Initiates Coverage on Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Citigroup started coverage on shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) in a research note published on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $140.00 price objective on the stock.

Separately, JPMorgan Chase & Co. increased their target price on shares of 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Joint Stock Company Kaspi.kz currently has an average rating of “Buy” and an average price target of $156.40.

Joint Stock Company Kaspi.kz Stock Down 2.3 %

Shares of NASDAQ KSPI opened at $112.90 on Monday. Joint Stock Company Kaspi.kz has a 1 year low of $85.02 and a 1 year high of $143.72. The stock has a fifty day moving average price of $112.33 and a two-hundred day moving average price of $120.99. 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) last released its earnings results on Tuesday, October 29th. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.31). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.34 billion. As a group, equities analysts forecast that Joint Stock Company Kaspi.kz will post 11.19 earnings per share for the current fiscal year.

Joint Stock Company Kaspi.kz Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, November 7th. Shareholders of record on Wednesday, November 20th were issued a dividend of $1.7565 per share. The ex-dividend date of this dividend was Wednesday, November 20th.

Institutional Investors Weigh In On Joint Stock Company Kaspi.kz

Hedge funds have recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd purchased a new position in Joint Stock Company Kaspi.kz during the 1st quarter worth approximately $128,000. Renaissance Capital LLC grew 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 valued at $1,320,000 after buying an additional 2,738 shares in the last quarter. 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 buying an additional 1,400 shares during the period. Russell Investments Group Ltd. purchased a new stake in Joint Stock Company Kaspi.kz in the 1st quarter worth about $19,063,000. Finally, Baillie Gifford & Co. boosted its position in Joint Stock Company Kaspi.kz by 191.5% during the 2nd quarter. Baillie Gifford & Co. now owns 3,343,859 shares of the company’s stock worth $431,391,000 after acquiring an additional 2,196,646 shares during the period. Hedge funds and other institutional investors own 0.09% of the company’s stock.

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.