Citigroup Inc. Raises Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Citigroup Inc. increased its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 587.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,052,166 shares of the company's stock after acquiring an additional 899,010 shares during the period. Citigroup Inc. owned about 0.32% of PagSeguro Digital worth $9,059,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of PagSeguro Digital during the third quarter worth approximately $741,000. Empowered Funds LLC purchased a new stake in PagSeguro Digital during the third quarter valued at about $1,013,000. Metis Global Partners LLC boosted its stake in shares of PagSeguro Digital by 11.5% during the third quarter. Metis Global Partners LLC now owns 209,439 shares of the company's stock valued at $1,803,000 after purchasing an additional 21,643 shares during the period. Aigen Investment Management LP bought a new position in shares of PagSeguro Digital in the third quarter worth approximately $432,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in PagSeguro Digital during the 3rd quarter valued at $3,246,000. 45.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. KeyCorp raised PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Cantor Fitzgerald upgraded PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. Itau BBA Securities cut PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Susquehanna cut their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. Finally, Morgan Stanley restated an "underweight" rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $14.36.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS traded down $0.44 during trading on Friday, hitting $7.34. The company had a trading volume of 6,793,849 shares, compared to its average volume of 4,161,426. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 6.07, a price-to-earnings-growth ratio of 0.40 and a beta of 1.95. The company has a fifty day simple moving average of $8.21 and a two-hundred day simple moving average of $10.60. PagSeguro Digital Ltd. has a one year low of $7.20 and a one year high of $14.98.

PagSeguro Digital Company Profile

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.