Sumitomo Mitsui Trust Group Inc. Has $27.41 Million Holdings in Joint Stock Company Kaspi.kz (NASDAQ:KSPI)

Sumitomo Mitsui Trust Group Inc. trimmed its position in shares of Joint Stock Company Kaspi.kz (NASDAQ:KSPI) by 15.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 289,376 shares of the company’s stock after selling 52,665 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Joint Stock Company Kaspi.kz were worth $27,407,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KSPI. Public Employees Retirement System of Ohio bought a new position in Joint Stock Company Kaspi.kz during the third quarter valued at approximately $7,942,000. Renaissance Capital LLC grew its position in Joint Stock Company Kaspi.kz by 839.0% in the third quarter. Renaissance Capital LLC now owns 96,058 shares of the company’s stock worth $10,181,000 after acquiring an additional 85,828 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Joint Stock Company Kaspi.kz by 39.0% during the 3rd 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 last quarter. Institutional investors own 32.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KSPI. Citigroup started coverage on shares of Joint Stock Company Kaspi.kz in a report on Monday, November 4th. They issued a “buy” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on Joint Stock Company Kaspi.kz from $154.00 to $137.00 and set an “overweight” rating for the company in a research note on Monday, December 2nd. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $147.20.

Joint Stock Company Kaspi.kz Price Performance

NASDAQ:KSPI opened at $95.49 on Wednesday. Joint Stock Company Kaspi.kz has a 1 year low of $85.02 and a 1 year high of $143.72. 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 firm’s fifty day simple moving average is $98.42 and its 200 day simple moving average is $109.23.

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.