JPMorgan Chase & Co. Sells 374,967 Shares of PagSeguro Digital Ltd. $PAGS

JPMorgan Chase & Co. lowered its holdings in PagSeguro Digital Ltd. (NYSE:PAGS) by 21.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,343,621 shares of the company’s stock after selling 374,967 shares during the period. JPMorgan Chase & Co.’s holdings in PagSeguro Digital were worth $13,436,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PAGS. Unison Advisors LLC raised its position in shares of PagSeguro Digital by 1.5% in the third quarter. Unison Advisors LLC now owns 74,926 shares of the company’s stock valued at $749,000 after buying an additional 1,126 shares in the last quarter. CWM LLC increased its stake in PagSeguro Digital by 29.0% during the 3rd quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after acquiring an additional 1,182 shares during the period. Rhumbline Advisers raised its holdings in PagSeguro Digital by 0.5% in the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock valued at $2,653,000 after acquiring an additional 1,367 shares in the last quarter. First Trust Advisors LP lifted its position in shares of PagSeguro Digital by 9.7% during the 2nd quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after acquiring an additional 2,098 shares during the period. Finally, AdvisorNet Financial Inc lifted its position in shares of PagSeguro Digital by 23.3% during the 3rd quarter. AdvisorNet Financial Inc now owns 13,213 shares of the company’s stock valued at $132,000 after acquiring an additional 2,500 shares during the period. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Up 5.3%

PagSeguro Digital stock opened at $10.54 on Thursday. The stock has a market cap of $3.47 billion, a PE ratio of 8.17, a P/E/G ratio of 0.41 and a beta of 1.38. PagSeguro Digital Ltd. has a 12-month low of $7.16 and a 12-month high of $12.32. The business’s 50-day moving average price is $10.57 and its two-hundred day moving average price is $9.91.

PagSeguro Digital Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, January 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, January 28th. PagSeguro Digital’s dividend payout ratio is presently 10.85%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PAGS. UBS Group raised their price target on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Finally, Susquehanna upped their price target on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a report on Friday, November 14th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.