Vontobel Holding Ltd. Invests $444,000 in PagSeguro Digital Ltd. $PAGS

Vontobel Holding Ltd. acquired a new position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,108 shares of the company’s stock, valued at approximately $444,000.

Several other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in PagSeguro Digital by 61.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after buying an additional 1,333 shares in the last quarter. Signaturefd LLC raised its position in shares of PagSeguro Digital by 50.6% during the first quarter. Signaturefd LLC now owns 6,863 shares of the company’s stock worth $52,000 after acquiring an additional 2,306 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of PagSeguro Digital by 14.9% during the first quarter. Teacher Retirement System of Texas now owns 24,169 shares of the company’s stock worth $184,000 after acquiring an additional 3,133 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in PagSeguro Digital in the first quarter valued at about $26,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in PagSeguro Digital by 11.2% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 38,852 shares of the company’s stock valued at $296,000 after purchasing an additional 3,901 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $8.76 on Wednesday. The stock’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $8.99. The company has a market cap of $2.89 billion, a PE ratio of 7.06, a P/E/G ratio of 0.45 and a beta of 1.57. PagSeguro Digital Ltd. has a fifty-two week low of $6.11 and a fifty-two week high of $11.16.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, August 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million for the quarter, compared to the consensus estimate of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, November 3rd. Investors of record on Monday, October 6th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, October 6th. PagSeguro Digital’s dividend payout ratio (DPR) is 11.29%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. The Goldman Sachs Group reissued a “neutral” rating and set a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday. Zacks Research cut PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $13.00 in a research note on Friday, September 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $11.83.

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.