Amova Asset Management Americas Inc. Acquires 25,594 Shares of Joint Stock Company Kaspi.kz Sponsored ADR $KSPI

Amova Asset Management Americas Inc. raised its holdings in Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 323,903 shares of the company’s stock after buying an additional 25,594 shares during the period. Amova Asset Management Americas Inc. owned about 0.16% of Joint Stock Company Kaspi.kz worth $26,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in KSPI. Russell Investments Group Ltd. raised its holdings in shares of Joint Stock Company Kaspi.kz by 18.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 184,063 shares of the company’s stock worth $15,625,000 after acquiring an additional 29,283 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Joint Stock Company Kaspi.kz by 8.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 323,903 shares of the company’s stock worth $26,456,000 after purchasing an additional 24,278 shares in the last quarter. Renaissance Capital LLC increased its holdings in Joint Stock Company Kaspi.kz by 36.7% during the 3rd quarter. Renaissance Capital LLC now owns 89,750 shares of the company’s stock worth $7,331,000 after purchasing an additional 24,115 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Joint Stock Company Kaspi.kz by 70.1% in the second quarter. SG Americas Securities LLC now owns 28,637 shares of the company’s stock worth $2,431,000 after purchasing an additional 11,805 shares during the last quarter. 32.20% of the stock is currently owned by institutional investors and hedge funds.

Joint Stock Company Kaspi.kz Stock Performance

KSPI opened at $73.11 on Thursday. Joint Stock Company Kaspi.kz Sponsored ADR has a fifty-two week low of $70.05 and a fifty-two week high of $105.00. The firm has a 50-day moving average of $76.85 and a 200 day moving average of $78.82. The firm has a market cap of $14.59 billion, a P/E ratio of 6.59 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KSPI shares. Susquehanna cut Joint Stock Company Kaspi.kz from a “positive” rating to a “neutral” rating and set a $87.00 target price on the stock. in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Joint Stock Company Kaspi.kz in a report on Monday, December 29th. Finally, Zacks Research raised shares of Joint Stock Company Kaspi.kz from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $96.67.

Joint Stock Company Kaspi.kz Company Profile

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.