Bank of New York Mellon Corp Sells 176,047 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Bank of New York Mellon Corp cut its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 487,892 shares of the company's stock after selling 176,047 shares during the quarter. Bank of New York Mellon Corp owned 0.15% of PagSeguro Digital worth $3,054,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after buying an additional 874,777 shares in the last quarter. State Street Corp grew its position in PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after buying an additional 1,990,849 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital during the third quarter worth about $38,151,000. Geode Capital Management LLC grew its position in PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after buying an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after buying an additional 999,237 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

Remove Ads

PagSeguro Digital Price Performance

Shares of NYSE:PAGS traded down $0.17 during trading on Friday, reaching $8.27. The stock had a trading volume of 4,229,454 shares, compared to its average volume of 4,487,130. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The business's 50-day moving average price is $7.49 and its 200 day moving average price is $7.74. The stock has a market capitalization of $2.72 billion, a PE ratio of 6.83, a P/E/G ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. Analysts forecast that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup reissued a "neutral" rating and set a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price objective on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has an average rating of "Moderate Buy" and a consensus target price of $12.33.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.