PagSeguro Digital Ltd. (NYSE:PAGS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE cut its stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) by 79.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 400,279 shares of the company's stock after selling 1,571,170 shares during the quarter. Bank of America Corp DE owned approximately 0.12% of PagSeguro Digital worth $2,506,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PAGS. Signaturefd LLC increased its holdings in PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after buying an additional 4,233 shares during the period. Advisory Services Network LLC purchased a new position in PagSeguro Digital during the fourth quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new position in PagSeguro Digital during the fourth quarter valued at approximately $79,000. Virtu Financial LLC increased its holdings in PagSeguro Digital by 37.4% during the fourth quarter. Virtu Financial LLC now owns 15,672 shares of the company's stock valued at $98,000 after buying an additional 4,268 shares during the period. Finally, Xponance Inc. increased its holdings in PagSeguro Digital by 37.8% during the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock valued at $107,000 after buying an additional 4,695 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on PAGS shares. Susquehanna decreased their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research report on Wednesday, May 14th. Citigroup upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their target price for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Finally, Barclays lowered their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.63.

PagSeguro Digital Trading Down 1.3%

Shares of NYSE:PAGS traded down $0.12 on Thursday, hitting $8.85. 6,648,293 shares of the company were exchanged, compared to its average volume of 5,061,953. PagSeguro Digital Ltd. has a 1-year low of $6.11 and a 1-year high of $14.82. The stock's 50 day moving average price is $8.92 and its 200 day moving average price is $7.85. The firm has a market capitalization of $2.92 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.02. The company had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.14 dividend. The ex-dividend date is Friday, May 23rd. PagSeguro Digital's payout ratio is 11.48%.

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.