Legal & General Group Plc Has $4.51 Million Holdings in PagSeguro Digital Ltd. $PAGS

Legal & General Group Plc raised its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,145 shares of the company’s stock after acquiring an additional 90,591 shares during the quarter. Legal & General Group Plc owned about 0.14% of PagSeguro Digital worth $4,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Unison Advisors LLC increased its position in PagSeguro Digital by 1.3% in the 4th quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock valued at $732,000 after acquiring an additional 995 shares in the last quarter. GAMMA Investing LLC increased its position in PagSeguro Digital by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after acquiring an additional 1,249 shares in the last quarter. Handelsbanken Fonder AB increased its position in PagSeguro Digital by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 42,628 shares of the company’s stock valued at $411,000 after acquiring an additional 1,800 shares in the last quarter. Citigroup Inc. increased its position in PagSeguro Digital by 0.5% in the 3rd quarter. Citigroup Inc. now owns 386,890 shares of the company’s stock valued at $3,869,000 after acquiring an additional 2,027 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in PagSeguro Digital by 6.7% in the 4th quarter. ProShare Advisors LLC now owns 32,708 shares of the company’s stock valued at $315,000 after acquiring an additional 2,056 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Insider Buying and Selling

In related news, Director Alexandre Mr Magnani sold 200,000 shares of PagSeguro Digital stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director owned 607,390 shares of the company’s stock, valued at $6,839,211.40. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Luis Frias acquired 498,500 shares of PagSeguro Digital stock in a transaction that occurred on Friday, March 27th. The shares were purchased at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the purchase, the director directly owned 2,673,605 shares in the company, valued at $26,629,105.80. The trade was a 22.92% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PAGS shares. Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings restated a “hold (c+)” rating on shares of PagSeguro Digital in a research report on Friday, May 8th. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $8.54 on Tuesday. PagSeguro Digital Ltd. has a 52-week low of $7.74 and a 52-week high of $12.32. The stock has a market cap of $2.39 billion, a PE ratio of 6.28, a PEG ratio of 0.34 and a beta of 1.34. The firm’s 50 day moving average price is $9.91 and its two-hundred day moving average price is $10.14.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. As a group, sell-side analysts predict that PagSeguro Digital Ltd. will post 1.7 earnings per share for the current fiscal year.

PagSeguro Digital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, April 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 12.2%. PagSeguro Digital’s dividend payout ratio (DPR) is presently 76.47%.

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.