Principal Financial Group Inc. Purchases 47,172 Shares of PagSeguro Digital Ltd. (NYSE:PAGS)

Principal Financial Group Inc. boosted its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,110 shares of the company’s stock after purchasing an additional 47,172 shares during the quarter. Principal Financial Group Inc. owned about 0.14% of PagSeguro Digital worth $2,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Creative Planning acquired a new position in PagSeguro Digital in the third quarter valued at about $115,000. Robeco Institutional Asset Management B.V. lifted its stake in PagSeguro Digital by 26.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after buying an additional 1,144,590 shares during the period. Asset Management One Co. Ltd. lifted its stake in PagSeguro Digital by 547.7% in the third quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company’s stock valued at $249,000 after buying an additional 24,480 shares during the period. Gulf International Bank UK Ltd acquired a new position in shares of PagSeguro Digital during the third quarter worth approximately $111,000. Finally, GSA Capital Partners LLP raised its position in shares of PagSeguro Digital by 88.6% during the third quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock worth $1,131,000 after purchasing an additional 61,736 shares during the period. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Stock Down 0.6 %

PAGS opened at $7.10 on Wednesday. The business has a 50 day moving average of $7.10 and a 200-day moving average of $8.13. The stock has a market cap of $2.34 billion, a PE ratio of 5.86, a PEG ratio of 0.51 and a beta of 1.95. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $875.27 million during the quarter, compared to analysts’ expectations of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Wall Street Analyst Weigh In

PAGS has been the subject of a number of analyst reports. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. The Goldman Sachs Group dropped their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Citigroup reaffirmed a “neutral” rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $12.90.

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.