Principal Financial Group Inc. lifted its stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 451,110 shares of the company's stock after acquiring an additional 47,172 shares during the quarter. Principal Financial Group Inc. owned approximately 0.14% of PagSeguro Digital worth $2,824,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in PagSeguro Digital by 16.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after buying an additional 874,777 shares during the last quarter. State Street Corp lifted its holdings in shares of 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 bought a new stake in shares of PagSeguro Digital in the third quarter valued at about $38,151,000. Geode Capital Management LLC grew its stake in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after acquiring an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 999,237 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have recently issued reports on PAGS. KeyCorp raised PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. The Goldman Sachs Group reduced their target price on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Citigroup reaffirmed a "neutral" rating and issued a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Susquehanna dropped their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $12.90.
Get Our Latest Stock Report on PagSeguro Digital
PagSeguro Digital Stock Performance
NYSE:PAGS traded down $0.02 during trading on Friday, reaching $7.53. The company's stock had a trading volume of 3,873,780 shares, compared to its average volume of 4,665,895. The firm has a 50 day moving average of $7.16 and a 200-day moving average of $8.07. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.82.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.
About PagSeguro Digital
(
Free Report)
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.
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