The Manufacturers Life Insurance Company Has $895,000 Position in PagSeguro Digital Ltd. (NYSE:PAGS)

The Manufacturers Life Insurance Company grew its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 23.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 103,971 shares of the company’s stock after purchasing an additional 19,972 shares during the period. The Manufacturers Life Insurance Company’s holdings in PagSeguro Digital were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also bought and sold shares of the company. Citigroup Inc. raised its position in PagSeguro Digital by 587.0% in the 3rd 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 during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in PagSeguro Digital during the third quarter valued at $3,246,000. Principal Financial Group Inc. raised its stake in PagSeguro Digital by 23.8% during the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock valued at $3,478,000 after buying an additional 77,543 shares during the last quarter. Algert Global LLC purchased a new stake in PagSeguro Digital during the 2nd quarter valued at about $1,212,000. Finally, Intech Investment Management LLC bought a new stake in PagSeguro Digital during the 3rd quarter valued at about $741,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $6.95 on Friday. PagSeguro Digital Ltd. has a one year low of $6.82 and a one year high of $14.98. The stock has a market cap of $2.29 billion, a P/E ratio of 5.74, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92. The stock has a fifty day moving average price of $7.95 and a 200 day moving average price of $10.26.

Analyst Ratings Changes

Several equities analysts have commented on PAGS shares. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lowered their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. Finally, Morgan Stanley restated an “underweight” rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital has a consensus rating of “Moderate Buy” and an average target price of $14.36.

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.