JPMorgan Chase & Co. Boosts Stock Position in PagSeguro Digital Ltd. (NYSE:PAGS)

JPMorgan Chase & Co. increased its position in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 101.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,985,074 shares of the company’s stock after acquiring an additional 999,237 shares during the quarter. JPMorgan Chase & Co. owned about 0.60% of PagSeguro Digital worth $17,091,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in PagSeguro Digital during the 3rd quarter valued at about $5,716,000. Citigroup Inc. grew its stake 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 acquiring an additional 899,010 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital during the third quarter valued at about $38,151,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at approximately $3,246,000. Finally, Principal Financial Group Inc. boosted its stake in PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after purchasing an additional 77,543 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

PAGS has been the topic of a number of recent analyst reports. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Barclays dropped their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Susquehanna reduced their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Finally, Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $14.00.

PagSeguro Digital Trading Down 4.7 %

PagSeguro Digital stock opened at $6.26 on Friday. The firm has a market cap of $2.06 billion, a PE ratio of 5.17, a P/E/G ratio of 0.44 and a beta of 1.94. PagSeguro Digital Ltd. has a 12 month low of $6.11 and a 12 month high of $14.98. The stock’s 50 day simple moving average is $7.24 and its two-hundred day simple moving average is $9.54.

PagSeguro Digital 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.