Stifel Financial Corp Cuts Stake in PagSeguro Digital Ltd. (NYSE:PAGS)

Stifel Financial Corp lessened its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 3.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 85,983 shares of the company’s stock after selling 2,874 shares during the period. Stifel Financial Corp’s holdings in PagSeguro Digital were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PAGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in PagSeguro Digital during the 3rd quarter worth approximately $5,716,000. Citigroup Inc. increased its position in shares of PagSeguro Digital by 587.0% during the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock worth $9,059,000 after purchasing an additional 899,010 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in PagSeguro Digital in the 3rd quarter valued at $3,246,000. Principal Financial Group Inc. lifted its holdings in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after purchasing an additional 77,543 shares in the last quarter. Finally, Algert Global LLC purchased a new position in PagSeguro Digital in the 2nd quarter valued at $1,212,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Up 0.9 %

Shares of PagSeguro Digital stock opened at $6.38 on Wednesday. The firm has a market cap of $2.10 billion, a PE ratio of 5.27, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.98. The business’s fifty day simple moving average is $7.67 and its 200-day simple moving average is $9.92.

Analysts Set New Price Targets

PAGS has been the subject of a number of recent research reports. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Barclays lowered their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. The Goldman Sachs Group cut their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

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.