JPMorgan Chase & Co. Has $13.44 Million Stock Holdings in PagSeguro Digital Ltd. $PAGS

JPMorgan Chase & Co. trimmed its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 21.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,343,621 shares of the company’s stock after selling 374,967 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.41% of PagSeguro Digital worth $13,436,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PAGS. Intech Investment Management LLC grew its stake in shares of PagSeguro Digital by 29.9% in the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after buying an additional 34,787 shares in the last quarter. CWM LLC lifted its stake in PagSeguro Digital by 78.1% in the second quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after acquiring an additional 1,786 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in PagSeguro Digital by 22.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 15,623 shares of the company’s stock valued at $151,000 after acquiring an additional 2,904 shares during the last quarter. Nvwm LLC bought a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $953,000. Finally, Metis Global Partners LLC increased its stake in shares of PagSeguro Digital by 2.3% during the 2nd quarter. Metis Global Partners LLC now owns 395,530 shares of the company’s stock worth $3,813,000 after purchasing an additional 8,787 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 5.3%

Shares of NYSE:PAGS opened at $10.54 on Thursday. PagSeguro Digital Ltd. has a 12-month low of $7.16 and a 12-month high of $12.32. The business has a 50 day moving average of $10.57 and a 200-day moving average of $9.91. 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 Dividend Announcement

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

Wall Street Analyst Weigh In

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

PagSeguro Digital 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.