Ameriprise Financial Inc. Has $4.37 Million Position in PagSeguro Digital Ltd. (NYSE:PAGS)

Ameriprise Financial Inc. grew its position in PagSeguro Digital Ltd. (NYSE:PAGS) by 3,375.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 698,645 shares of the company’s stock after purchasing an additional 678,545 shares during the period. Ameriprise Financial Inc. owned about 0.21% of PagSeguro Digital worth $4,374,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PAGS. Barclays PLC lifted its position in PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company’s stock worth $2,327,000 after buying an additional 190,740 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of PagSeguro Digital by 112.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company’s stock valued at $509,000 after acquiring an additional 42,990 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 acquiring an additional 874,777 shares during the last quarter. Vontobel Holding Ltd. bought a new stake in PagSeguro Digital during the 4th quarter worth approximately $170,000. Finally, Principal Financial Group Inc. increased its stake in PagSeguro Digital by 11.7% during the 4th quarter. Principal Financial Group Inc. now owns 451,110 shares of the company’s stock worth $2,824,000 after purchasing an additional 47,172 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS opened at $8.65 on Monday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The stock has a market capitalization of $2.85 billion, a P/E ratio of 7.15, a PEG ratio of 0.51 and a beta of 1.70. The stock’s fifty day moving average is $8.80 and its 200 day moving average is $7.80.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $914.45 million. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. PagSeguro Digital’s dividend payout ratio is presently 11.48%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Barclays reduced their price target on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Susquehanna cut their price target on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a report on Wednesday, May 14th. Finally, Citigroup raised PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.63.

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.