PagSeguro Digital Ltd. (NYSE:PAGS) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in PagSeguro Digital Ltd. (NYSE:PAGS) by 23.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 403,938 shares of the company’s stock after buying an additional 77,543 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of PagSeguro Digital worth $3,478,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the third quarter valued at approximately $38,151,000. Marshall Wace LLP raised its position in PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after purchasing an additional 2,497,968 shares during the period. Millennium Management LLC lifted its stake in shares of PagSeguro Digital by 115.1% in the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after purchasing an additional 2,040,704 shares during the last quarter. State Street Corp grew its holdings in shares of PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after purchasing an additional 1,990,849 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of PagSeguro Digital by 26.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on PAGS. JPMorgan Chase & Co. decreased their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays decreased 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. The Goldman Sachs Group dropped their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.00.

PagSeguro Digital Price Performance

PAGS stock opened at $6.28 on Friday. The business’s 50-day moving average is $7.35 and its two-hundred day moving average is $9.65. The firm has a market capitalization of $2.07 billion, a P/E ratio of 5.19, a P/E/G ratio of 0.44 and a beta of 1.92. PagSeguro Digital Ltd. has a 1 year low of $6.11 and a 1 year high of $14.98.

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.